Victoria Grant, the 12 year old economist, explains what politicians and governments fail to understand about money
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 Canadaâ€™s banks and the government for robbing the people, went viral.
â€œWhat Iâ€™ve discovered is that banks and the government have colluded to financially enslave the people of Canada,â€ she said at Pubic Banking Institute conference in Philadelphia.
Victoria Grant, the 12 year old economist expressed her concern that the Canadian government has been borrowing money from private banks and putting the people into debt. â€œAnd they are not doing anything about this. So they are just standing by and watching the private banks make us pay compounded interest.â€
â€œIt 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,â€ 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 banksâ€™ profit margins.
The prodigyâ€™s solution to her countryâ€™s financial problems is that the government â€œshould stop borrowing from private banks and start borrowing from the Bank of Canada with little to no interest.â€
â€œThe people will then pay fair taxes to repay the Bank of Canada. This tax money would in turn get injected back into our economic infrastructure and the debt would be wiped out. Canadians will again prosper with real money as the foundation of our economic structure,â€ she said.
Victoriaâ€™s mother, Marcia Grant, principal at the Resurrection Christian
Great news for monetary reform and well done Victoria Grant. You are a star.
What do you think…Simon Dixon
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