Profile picture
Kyle @HNIJohnMiller
, 25 tweets, 6 min read Read on Twitter
1) No. Just... no. Jesus fucking christ no. You know what? Putting a number on this, you get a thread. Because people need to know EXACTLY how fucked up the invasion of Libya was, how fucked up the reasons were, and I'm having a piss poor day at work so I need to blow off steam.
2) foreignpolicyjournal.com/2016/01/06/new… This article highlights a relevant bit of information (which should be hilariously classified) that a deciding factor that led Sarkozy, then President of France, to invade Libya was that Gaddafi was about to make his own currency to share with Africa.
3) See, one of the more fucked up things that France has done in recent years has been pegging the CFA franc (technically the West and Central African Franc, but they're basically interchangeable) first to the French Franc, then to the Euro when France joined the currency union.
4) Given the growing pains that result from trying to make your own currency and the less than ideal economic conditions of former French colonies in Africa, this chained a full third of Africa's economic well-being first to France, then to the EU as a whole.
5) See all that purple in Africa? Those are the nations tied to the Euro. The big block in west and central Africa are the ones specifically chained France via the Euro. Funny side note: this purple region is also where many of the economic migrants currently in the EU are from.
6) Again, I want to specify chained, because those nations would have a LOT of problems trying to break free of France and the Euro to make their own currency. Their GDPs would have a lot of problem supporting their own currencies; they'd almost need their own currency union.
7) What does France and the EU get out of this? Well, here's a good little blurb from someone at the London School of Economics eprints.lse.ac.uk/83792/1/africa…
8) France gets a market to export its goods to. As they hold veto power over both of the CFA Franc central banks, they can keep the currency valuable enough to make exporting to those nations worth it, basically creating a trapped market for their exports.
9) If you want to call it economic slavery, well, IT IS. These nations can't collaborate to devalue their own currency so they can attract investments. They're trapped into their third world status by a currency they have no control over.
10) Why do you think so many migrants are from this area? Why do you think there are so many of them in France? Because they come from the former French colonies that France has kept trapped!
11) What about the EU? Why do THEY allow this to continue? Because the Euro is a fiat currency, and the European Central Bank is not ACTUALLY a central bank in that it manages the EU's currency, but it has to abide by a strict set of laws which keep it at a low inflation rate.
12) So how do you make a currency that is going to have a constant low inflation rate that CANNOT be adjusted stronger? Because its a fiat currency, and fiat currencies operate off of supply and demand. The higher the demand for a currency, the more valuable it is.
13) Did you know that the Euro became the second most held reserve currency, after the dollar? Want to know what caused that number to rise so quickly? How about a captive set of African nations that were forced to peg their currency to the Euro by France?
14) So, for all of their moral posturing about humanity and the like, France and the EU were willing to economically enslave a third of Africa to boost their own economy. Covered? Covered.
15) As a side note, GUESS WHAT THAT HAS NOTHING TO DO WITH? Petrodollars. Which is a stupid fucking made up term that has NOTHING TO DO WITH DOLLARS. Petrodollars is basically the term for countries which make more money exporting oil than investing in their own industries.
16) There is no 'petrodollar' to get off. Period. Its not a real thing. Its an economic conundrum that OPEC nations try to escape from. If you say 'Saddam tried to get off the petrodollar so we killed him!' you're basically saying 'He tried to invest in itself, so we killed him!'
17) That's dumb. That's really fucking dumb. That's pants on head set on fire by yourself fucking retarded. Are we good? Good. Now we can get back to HOW ABSOLUTELY FUCKED UP THE LIBYA INVASION WAS.
18) Gaddafi was.... eh, I can't really judge him one way or the other. He was a dictator. He was the kind of dictator that apparently got along with everyone untiiiiiil he didn't.
19) He kept the flow of migrants in check, didn't seem to have a lot of ties to terrorism, and even donated millions to Sarkozy's campaign! washingtonpost.com/world/frances-…
20) So what caused him to get knocked over by the same man he donated millions to? He threatened France and the EU's economic stranglehold over Africa.
21) foreignpolicyjournal.com/2016/01/06/new… Back to this article. "Source Comment: According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began."
22) 'This plan' being that Gaddafi was going to attempt to establish a pan-African currency backed by gold and silver to compete with the Euro in Africa. Keep in mind, this is 2011. As in, right smack dab of the ongoing Euro sovereign debt crisis.
23) Now, would a gold backed currency have done well? Ehhhhh, maybe? It certainly would have been a tempting alternative if it was valued at less than the Euro. But what would it have done to the Euro and France?
24) France would have lost a huge block of countries it was exporting to, sending their already teetering economy into a recession. The Euro would have lost a lot of its demand, and thus value, in the middle of a sovereign debt crisis, threatening the EU as a whole.
25) So, congratulations. There's the long answer of it. Why did France spearhead the intervention and turn a UN resolution for a ceasefire into a usurpation? Not petrodollars. Oh no. Because they wanted to keep their former African colonies economically enslaved to them. /end
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Kyle
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!