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Mark Alexander's avatar

Thank you for this. I've been completely ignorant about Nigeria, but I'm learning now.

Tereza Coraggio's avatar

I'm embarrassed to admit I didn't even know about the Nigeria Middle Belt conflict. But I'm seeing all 'religious' conflicts as a cover. You lay out the formula very clearly, Ope.

I expand on our earlier conversation about bloodlines vs systems in my latest: https://thirdparadigm.substack.com/p/coins-over-kings. I quote from The Forest Doesn't Kill You and then your observation about Bretton Woods (before the war was even over!) and the CFA franc. While researching these, I found the cosmetic language changes to confirm your theory:

"They also set up the CFA franc, which first stood for Colonies françaises d'Afrique ("French colonies of Africa"); then for Communauté française d'Afrique ("French Community of Africa") … Since independence, CFA is taken to mean Communauté Financière Africaine (African Financial Community)"

And you may find this quote amusing, in a gallows humor kind of way:

"The CFA franc was created on 26 December 1945, along with the CFP franc. The reason for their creation was the weakness of the French franc immediately after World War II. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation, thereby making it easier for them to import goods from France (and simultaneously making it harder for them to export goods to France). French officials presented the decision as an act of generosity. René Pleven, the French Minister of Finance, was quoted as saying: 'In a show of her generosity and selflessness, metropolitan France, wishing not to impose on her far-away daughters the consequences of her own poverty, is setting different exchange rates for their currency.'" Currently .0014 Swiss franc.

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