Economists around the world are struggling to break free of the clutches of the financial crisis but a Canadian girl explains exactly what needs to be done.
Victoria Grant, 12, became an overnight Internet sensation after a video of her slamming Canada’s banks and the government for robbing the people, went viral.
“What I’ve discovered is that banks and the government have colluded to financially enslave the people of Canada,” she said at Pubic Banking Institute conference in Philadelphia.
In her interview with RT, the child economist expressed her concern that the Canadian government has been borrowing money from private banks and putting the people into debt. “And they are not doing anything about this. So they are just standing by and watching the private banks make us pay compounded interest.”
“It has become painfully obvious even for me, a 12-year-old Canadian, that we are being defrauded and robbed by the banking system and a complicit government,” Victoria stated in her speech at the conference.
Until the 1970s, the Canadian government borrowed money directly from the Bank of Canada. But in recent decades, it has been borrowing from private banks instead which results in the government paying extra in interest rates to cover private banks’ profit margins.
http://www.rt.com/news/canada-banking-child-economist-811/<a href="http://www.rt.com/news/canada-banking-child-economist-811/" target="_blank">
Fractional reserve banking is unadulterated fraud!!
Iconoclast
What a sweet child! If a 12 year old can 'GET IT', why can't those so-called leaders in Washington? Unfortunately, it's not a matter of whether or not they 'GET IT', but that that they're part of the problem itself, rather than the solution. Our so-called leaders in Washington are a part of those "Colluders" that this child so eloquently spoke about in her speech.
What is needed in Canada, as well as rest of the White world, is a 'White Spring'! Whereby our people finally say 'ENOUGH', and tear down the whole damned system. But unlike the Anarchist, Communist, and you're typical ignorant participant of the 'Occupy Movement' who generally doesn't even know why they're there, except to have an excuse for not looking for work, we nationalist on the other hand, must have a plan of restoring order, and replacing the present system that's become so incredible corrupted. A tall order I know. But the work that many are now doing right here at WNN and the A3P, is at least a beginning.
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