France Killed and Sabotaged Every Leader Who Tried to Leave This Currency - Then Kept the Gold (Bit Coin, Wealth & Investing)

Senegal, for example, let's go there first, after independence, dreamed of feeding itself.

They were independent from France.

They wanted to feed themselves.

Rice is the staple.

So farmers pulled their money into cooperatives.

They brought pumps for water, seed, storage.

Politicians pointed at the harvest a few years later as proof that the country was finally standing on its own.

But then in the early 2000s, the Euro surged, the currency surged.

And because the CFA franc is pegged to the Euro, the CFA surged with it.

And for reasons that had nothing whatsoever to do with Senegal, it made everything really expensive.

Overnight, rice shipped from Thailand halfway around the world became cheaper in a Dakar market than rice grown a few kilometers up the road because of this distortion in the currency exchange.

This makes you really think why was the CFA franc pegged to the euro thousands of miles away? So buyers were walking past local stalls, warehouses were filled with grain that nobody would buy and families who'd borrowed money to pour into these cooperatives to expand the rice growing capabilities of Senegal were totally ruined because of this surge in the euro.

Then in 2008, global rice prices spiked and there were riots in Dakar because by then, Senegal was now dependent on the imports from other countries because those rices were being chosen in the market by people.

People were not buying Senegalese rice and it killed the farms.

And then there's no rice because the rice prices are too high.

The same people who used to grow the rice couldn't afford to eat it anymore.

Economists call it currency overvaluation.

And what it means is your money is priced for somebody else's economy.

Europe's priorities.

It's Europe's priorities and not your own priorities within your own country.

And you can't do anything about it because you can't devalue your currency.

You can't set your own interest rates.

You can't protect an industry while it finds its feet.

You know, the rice industry is growing.

Every tool a country normally uses is held by France.