Russian TV: 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.