A 12-Year-Old Spells Out the Fraud That Banks Are Committing Against the People

Wow

This girl knows her stuff.

She is talking about Canada here, but Canada could be replaced by the EU or the USA.

System is all the same.

Powerfull stuff.

I say Victoria Grant for president

The sad part is that this little girl fully understands the scam being perpetrated, but the vast majority of voting age adults choose to remain clueless.
S&F!

In high school, kids are taught that "politics and history are boring" and that "finance and mathematics are complicated".

This way, they won't look too deeply into their political system, and won't look at their history to see how the current generation of policitians are messing so badly with the system. They won't be interested enough to find out about the documents that founded their country, like the Bill of Rights or Constitution.

They also won't look too closely at the banking system because "finance is complicated", so they won't bother looking in to how it works. They also only get taught rudimetary mathmatics, with assurances that "advanced mathmatics is complicated and you won't ever need it in every day life".

If it's that obvious to a 12 year old what's going on, what's wrong with the rest of us? Maybe we're just not getting enough real information out to the people. Most people are short sighted when it comes to how the money system works. They know their money doesn't go as far as it used to, but they have no idea why. They'll say it's because of inflation, but have no clue about what causes it.

In America the attitude is twofold:

#1 It ain't a problem until it's a problem AND...

#2 It ain't a problem until it happens to me.

Which is just plain out and out utterly stupid.

Awesome.

The people of the country should be allowed to print and use debt-free money.

Public banking could save the world.

What i found especially notable about this movie is the fact that she not only understands what the problem is but also offers a pretty viable solution to the problem.

I have a lot of respect for these children.

They give me a glimpse of hope for a better future.

It's time to break free of these chains we call financial entrapment.

reply to post by kn0wh0w

How that is impressive.

More children should know about the power the big 6 multi-national banks have and abuse.

What about the people who took out more and more loans as the value of their estate increased and then defaulted, with an estate drastically reduced in value?

It isnt as simple as the banks vs. the people. Many banks were as much victim of the scheme perpetrated by the institutions which partaked in it, as some of the creditors and some creditors came out on top in the end, which of course does not mean they invested the obtained money wisely.

I'll agree that she is quite well spoken, her solution to Canada's federal debt has consequences.

The value of the Canadian dollar is backed by the value of Canada itself. Increasing the money supply in excess of the increase in the value of Canada results in the dollar being worth less. This is not a problem if Canada produced everything it needed and was a closed economy. Unfortunately, Canada has to obtain resources from outside our borders.

If we print 10% more money than our value increased, the basket of goods that was supporting CDN $100 is now supporting CDN $110. Problem is that basket of goods is still only worth US $100 (or whatever other currency you choose). So the CDN $ is now worth US $0.91 and everything that we purchase from the US has gone up by 10%.

Her solution also ignores the fact that the federal debt is not our only debt. Provincial debt is $515 billion, almost as much as the federal debt. Provinces don't have the option of printing more money so this does nothing to solve their problem. To say nothing of the municipalities and their debt.

Just because she can memorize a speech does not mean she knows what she is talking about.

Nonetheless, very true points.

Having a 12 year old speak sure does get people to listen up.