Cambridge's Victoria Grant Goes On YouTube Rant Over Financial Systems
12 year-old's Video is Wake-up Call To Bankers, Governments, Everyday People
by Cambridge Nnow! Local News May 17, 2012
Youthful Rant A Wake-up Call
In the midst of global financial turmoil the Canadian banking system has been hailed internationally for being one of the most stable in the world. However, one 12-year old girl from Cambridge doesn't agree with this notion.
Victoria Grant is earning a reputation as a financial pundit after her rant against Canada's borrowing practices went viral on YouTube.
Grant is already a veteran of the financial lecture circuit, but her appearance recorded at the Public Banking in America Conference held in Philadelphia, has already attracted nearly 200,000 views since being posted in late April.
For six minutes, this ordinary looking youngster conveys 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 presents a brief history of the Canadian banking system and explained that the Bank of Canada held primary control over government lending until the 1970's.
After this time the governments began borrowing from private banks instead at considerably higher interest rates than those available through the central bank.
The result, Grant says is that the national debt rapidly increased.
So why does it take a child to tell us that we need to engage more in policies which not only impact us, but the lives of future generations?
There is no question that finances should be taught in our educational system as soon as kids are old enough to start their first lemonade stand. Banks win when people are kept naive and/or downright stupid and out of touch.
When banks have slogans such as Scotia Bank's most recent "You're richer than you think", I'm inclined to throw it right back at them and say, "No, YOU'RE Richer Than WE Think!!!".
"If the Canadian Government needs money, they can borrow it directly from the Bank of Canada," says Grant... "Canadians would again prosper with real money as the foundation of our economic structure."
Bravo Victoria! Perhaps your message will make an impact on Greece and Spain or anywhere else in the world where those in power will be making decisions which dramatically affect the future of others.