Author: SMITHI

‘They’re robbing us’: 12-year-old exposes banking flaws, video goes viral   [Copy link] 中文

Rank: 8Rank: 8

Post time 2012-6-4 03:31:55 |Display all floors
Ques Post time: 2012-6-3 15:40
There go that idea again debt = slave and bank person run debt to all who want to be a slave person. ...

Use magic tools Report

Rank: 4

Post time 2012-6-4 05:13:49 |Display all floors
SMITHI Post time: 2012-6-3 13:52
“It has become painfully obvious even for me, a 12-year-old Canadian, that we are being defrauded a ...

Anglo banksters
http://www.stateofnature.org/darkLords.html

Use magic tools Report

Rank: 8Rank: 8

Post time 2012-6-4 05:50:01 |Display all floors
It was in response to your initial rude comment on and was NOT OFFENSIVE.
REPORTED AGAIN
Carry on
I'm just here for the money

Use magic tools Report

Rank: 8Rank: 8

Post time 2012-6-4 05:54:34 |Display all floors
reporter is busy reporting i guess

anyhow we shall do our job as we do and discuss a topic , trolls will be trolls we can't change that can we

TORONTO — Canada's banking system has been the subject of international praise from economists grappling with global turmoil, but one 12-year-old girl begs to differ.

Victoria Grant of Cambridge, Ont. is earning a reputation as a financial pundit after her tirade against her homeland's borrowing practices went viral on YouTube.

Grant is already a veteran of the financial lecture circuit, but her appearance on April 27 is garnering unusual attention. A video of her address, shot at the Public Banking in America Conference in Philadelphia, has already attracted nearly 65,000 views since being posted a week ago.

For six minutes, the casually clad youngster holds forth to conference attendees on the reasons why so many of the world's countries are facing staggering debt.

Her well-rehearsed speech, delivered in a clear, youthful voice, takes aim at Canada's modern day financial system and champions a greater role for the country's central bank.

"The banks and the government have colluded to financially enslave the people of Canada," she says.


Grant lays out a brief history of the Canadian banking system, referencing obscure historical figures such as former Vancouver mayor Gerald McGeer and explaining that the Bank of Canada held primary control over government lending until the 1970's.

Starting then, she says, governments began borrowing from private banks instead at considerably higher interest rates than those available through the central bank.

The result, Grant argues, is a rapidly increasing national debt.

The pint-sized pundit is quick to offer a solution.

"If the Canadian Government needs money, they can borrow it directly from the Bank of Canada," she says. " ... Canadians would again prosper with real money as the foundation of our economic structure."

Calls to Grant's home were not immediately returned.

Her arguments have been championed in more orthodox financial circles.

Last June, the Canadian Centre for Policy Alternatives published a plea from retired finance professor George Crowell, who now works on behalf of the Committee on Monetary and Economic Reform.

Crowell echoes all of Grant's assertions, arguing borrowing from the Bank of Canada would shore up depleted government resources and usher in an era of prosperity for Canada.

Such a change in monetary policy, combined with crucial changes in tax policy, would make available tens of billions of dollars that are urgently needed to rebuild our public infrastructure, protect our environment, and strengthen Medicare and other social programs so vital in meeting human needs," Crowell said.

Critics of Crowell's arguments contend inflation rates would soar if the central bank was able to lend money below commercial interest rates.

Reaction to Grant's video was largely positive, with U.S. financial media outlet Bloomberg featuring a link to her speech on its web page.

YouTube commentators bubbled over with praise, saluting her for explaining complex concepts in comparatively simple terms.

"Good for you Victoria, if you even understand half of what you are saying, you are doing better than half the Canadian public," wrote one YouTube user. "I have for years tried to explain this very simple fact to people around me, and they think I am crazy. Maybe if they saw it from a 12 yr old they would be shamed into paying attention."

One Twitter user offered more concise praise: "Victoria Grant For Prime Minister!"

Others, however, were skeptical that Grant's words were truly her own.

"If you believe that she wrote it and it was impromptu, you are nuts," wrote one commenter on the Huffington Post Canada website. "It was a put up job by Toddlers and Tiaras parents."

Use magic tools Report

Rank: 8Rank: 8

Post time 2012-6-4 05:57:27 |Display all floors
This post was edited by SMITHI at 2012-6-4 05:57

"Good for you Victoria, if you even understand half of what you are saying, you are doing better than half the Canadian public," wrote one YouTube user. "I have for years tried to explain this very simple fact to people around me, and they think I am crazy. Maybe if they saw it from a 12 yr old they would be shamed into paying attention."

One Twitter user offered more concise praise: "Victoria Grant For Prime Minister!"

___________________

Isn't that lovely, kid smarter than anglotwats adults so called experts in banking and economy?

make you wonder how much experts they really are and how much con artists and incompetent corrupt apparatchiks of crumbling system

Use magic tools Report

Rank: 4

Post time 2012-6-4 12:16:28 |Display all floors
SMITHI Post time: 2012-6-4 05:57
"Good for you Victoria, if you even understand half of what you are saying, you are doing better tha ...

I donot think to many expert in west can not even do simple math problem and know when all money gone nothing left and all bit dim.  


Use magic tools Report

Rank: 8Rank: 8

2015 Most Popular Member Medal

Post time 2012-6-4 12:32:04 |Display all floors
Commie brat!!!
Is she trying to pry money loose from fat cats?
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.