Consensual Rape in Francafrique Currency Markets | Think Africa Press

Consensual Rape in Francafrique Currency Markets | Think Africa Press: "Devaluation will release funds and extend a lifeline to the French Treasury, which may be called upon to bail out French banks exposed to the european debt crisis.

However, it will have a devastating effect on Africa. The last time there was such a devaluation most of French Africa suffered badly (except for the Presidents and their friends). Devaluation is useful if you have things to export which are made relatively cheaper. However, for most of francophone Africa the goods they have for export are raw materials and petroleum. Much of their manufactured goods, their services, their invisibles come from or through France. |Large amounts of food is imported from outside Africa and is growing daily in price as is transport. "

'via Blog this'