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How France Stole Trillions of Dollars from Africa
12:17
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Go Trail
How France Stole Trillions of Dollars from Africa
“Africa is poor, and its people need aid.” This is a message echoed over and over again by journalists, charities and non-governmental organizations. European and American children are told to finish their food because there are poor starving children in Africa. But why has the continent become synonymous with poverty, when it is rich in natural resources. Why has Europe refused to invest in Africa with as much fervor as it sends aid? Western media has gone out of its way to entrench this image of Africa in the world. Of Africans always needing aid and help with its never ending problems until all the world feels is sympathy fatigue. Is Africa poor? A Global Justice Now report found that in 2015, 203 billion dollars left Africa compared to the 161 billion that the continent received through loans and aid. But the amount of money that leaves Africa is never highlighted. And the ways in which money and resources are exploited from the continent to benefit foreign governments and companies is hidden. In 2019, Italy’s deputy prime minister Luigi Di Maio pointed out that France’s policy in Africa caused poverty and as a result the migration of Africans to Europe by dangerous sea routes. He is quoted as saying, “If we have people who are leaving Africa now it’s because some European countries, and in particular France, have never stopped colonizing Africa.” He claimed that if France did not have these African colonies it would not be among the largest world economies. These are serious claims. But is there some truth to them? Has France impoverished its former colonies in Africa for its own economic gain? Di Maio isn’t the first to question France’s policies in Africa, and point out how self-serving and exploitative they are. For context, France was the second largest European colonizer in Africa after Britain. France mainly colonized countries in West Africa like Senegal, Mali, Niger, the Ivory Coast and many others. After these countries gained independence in the 1960s they still maintained strong political and economic relations with France. Europe has tried to paint its continued relationship with its former colonies as a altruistic move since Africans were building their nations from scratch; however the reality is that African nations had been looted and robbed of their natural resources by these colonial powers. Before colonialism Africa was rich, with natural resources and trade. After the theft of colonialism they were beginning at a deficit, with the odds stacked against them. West Africa had trading systems which had developed over hundreds of years, before the French arrived in Africa. Gold was the main commodity, hence the term the gold coast. When the Europeans arrived they introduced the slave trade that depleted the population through slave raids. They also destabilized gold mining because the communities found it unsafe to mine their lands for fear of attacks. This started the unequal relationship that has continued through the colonial era and lasts to this day. European policies have destabilized the continent from the very beginning. When the slave trade was abolished, Europe also started importing raw materials such as cotton from Africa. Cotton was labor intensive and Africa had a surplus of cheap labor. One of the ironies of the colonial era was that Africa’s largest export was raw cotton while its largest import was manufactured cotton. Through this paradigm, Europe made sure Africa did not develop a manufacturing ability so they had to keep buying European goods. This trade model also provided manufacturing jobs for Europeans abroad. Europe made sure Africans provided cheap labor by introducing mandatory taxes in their colonies. Africans’ only access to European currency was through the wages they were paid at European farms. These farms had been acquired by stealing land from Africans and resettling them in crowded and unproductive settlements. And yet, the colonial powers continued exploiting these countries even after independence. In all this France stands out in the scope of policy intended to keep money flowing in from her former colonies, regardless of the consequences on their economies. This is because of the way that most French colonies gained their independence. In 1958 France had a new constitution that wanted to restructure the French empire into a federation. All colonies apart from Guinea accepted. Guinea declared her independence in 1958 and was punished for it. Her schools, hospitals and public administration buildings were burned. Animals and food were poisoned to show the other African colonies that the price of rejecting France would be high. Please subscribe and turn on the notification bell to be notified of future videos. Contact info: 1) Email: africarevealed2@gmail.com 2) Facebook: Africa Revealed 3) Instagram: africarevealed.tv 4) Tiktok: @africarevealed
Published Sep 15, 2023
Stocks Waver Ahead of Fed Decision, Tech Earnings; Netanyahu Leads Over Eisenkot
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Bloomberg Television
Stocks Waver Ahead of Fed Decision, Tech Earnings; Netanyahu Leads Over Eisenkot
US equity futures struggle for direction ahead of the Federal Reserve’s rate decision. Investors await earnings from Microsoft and Alphabet after SK Hynix's seven-fold profit surge. Oil rises following a report that the US may resume military strikes on Iran after the midterm elections. Prime Minister Netanyahu edges over opposition leader Gadi Eisenkot with more votes to be counted in a tight race in Israel. Andrew Hollenhorst of Citi joins "Bloomberg Brief" to look ahead to the Fed's rate path beyond October's decision. Chapters: 00:00:00 - Bloomberg Brief 00:04:05 - Robinhood and Premarket Movers 00:05:19 - SK Hynix and AI Chip Demand 00:09:09 - European Bank Earnings 00:12:32 - US Iran Tensions Lift Oil 00:14:14 - Israel Election and Netanyahu 00:15:39 - Pakistan, Ukraine and Treasury Flows 00:20:41 - Global News Headlines 00:21:28 - Bloomberg Brief and FOMC Preview 00:24:31 - Andrew Hollenhorst, Citi Chief US Economist, on Fed Policy and AI 00:33:18 - Israel, UBS and Aston Martin 00:34:31 - US Iran and Russia Ukraine Outlook 00:38:27 - SK Hynix and Big Tech 00:42:34 - FOMC and Tech Earnings Ahead -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Oct 28, 2026
Trump Reignites Kennedy Center Fight
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Bloomberg Television
Trump Reignites Kennedy Center Fight
President Donald Trump’s plans for the Kennedy Center are hitting legal roadblocks as questions mount over the landmark’s future. Bloomberg’s Shaquille Omari breaks down the escalating battle over one of Washington’s most iconic cultural institutions. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Sep 19, 2026
Best Worship Songs 2026 ✝️ | Ultimate Praise & Worship Playlist 🙌
3:11:06
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Majestic Worship Studio
Best Worship Songs 2026 ✝️ | Ultimate Praise & Worship Playlist 🙌
Welcome to this LIVE Worship & Praise experience ✝️🙏 #hillsong #worship #praise #christian #jesus Take a moment to slow down, lift your heart, and draw near to God through powerful Christian worship songs, praise music, and uplifting worship melodies. Whether you are starting your morning, praying, studying, working, driving, resting, or simply looking for a quiet moment with God, may this worship playlist bring peace, hope, strength, and encouragement to your heart. 🎶 BEST PRAISE & WORSHIP SONGS 2026 ✝️ Christian Worship Music 🙏 Nonstop Praise & Worship 🙌 Powerful Christian Songs 🎵 Worship Playlist for Prayer, Devotion & Quiet Time 🌅 Morning Worship & Daily Praise ❤️ Worship Songs to Lift Your Spirit This Christian worship playlist features a collection of powerful praise and worship songs inspired by the heart of contemporary Christian worship. Let these songs remind you that God is faithful, He is worthy of our praise, and His presence is with us through every season of life. Whether you're listening during your quiet time with God, morning prayer, Bible study, work, studying, or simply seeking peace after a long day, we hope this worship music becomes a peaceful place for your heart to rest. 📖 BIBLE VERSE "Oh come, let us sing to the LORD! Let us shout joyfully to the Rock of our salvation." — Psalm 95:1 🙌 LET US WORSHIP TOGETHER If this worship music blesses you, take a moment to like this video, subscribe to the channel, and share it with someone who needs encouragement today. Write your prayer or praise in the comments. Let this become a place where we can encourage one another, pray for one another, and glorify God together. ✝️ May God bless you, strengthen you, and remind you that you are never alone. 🙏 Keep worshiping. ✝️ Keep believing. 🙌 Keep praising. ❤️ Keep trusting God. #WorshipMusic #ChristianWorship #PraiseAndWorship #WorshipSongs #ChristianMusic #WorshipPlaylist #ChristianSongs #PraiseSongs #Worship2026 #ChristianWorshipMusic #BestWorshipSongs #BestPraiseAndWorship #NonstopWorship #WorshipLive #PrayerMusic #MorningWorship #Jesus #God #Faith #Bible
Published Sep 18, 2026