Out of the Mouths of Babes: Twelve-Year-Old Money Reformer Tops a Million Views

Ellen Brown • CommonDreams.org • May 30, 2012

The youtube video of 12 year old Victoria Grant speaking at the Public Banking in America conference last month has gone viral, topping a million views on various websites.

Monetary reform—the contention that governments, not banks, should create and lend a nation’s money—has rarely even made the news, so this is a first. Either the times they are a-changin’, or Victoria managed to frame the message in a way that was so simple and clear that even a child could understand it.

Basically, her message was that banks create money “out of thin air” and lend it to people and governments at interest. If governments borrowed from their own banks, they could keep the interest and save a lot of money for the taxpayers.

…In other words, 91% of the debt consists of compounded interest charges. Subtract those and the government would have a debt of only C$37 billion, very low and sustainable, just as it was before 1974.

Read the article here.

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One Response

  1. On these issues it is telling that the solution is within the compass of understanding of a child yet evades the ken of supposedly educated and wise lworld leaders.

    Brother could you spare a dime, a great anthem of the 30’s depression era is very apt today.
    I have in songs and poetry and through the study of philosophy tried to express one view point as to where the roots to this current problem lie. I do not believe it is the unions or a broad group of organised labour, these organisations are for the smaller people the little people the Plebs. The big swinging dick in all of this is the Fed and the banking cartel followed by the large corporate industrial and financial fascist complex ( an extension of and innovation of IKE’s industrial military complex.)

    Sixteen Tons.
    Intro and background

    The Song, covered by me.

    Wikipedia.
    http://en.wikipedia.org/wiki/Sixteen_Tons

    99%

    Let Them Eat Cake.

    Illuminati and Gliteratti.

    Lifes Energy Force.

    Baards of Wales.

    Democracy 2011.

    Citizens Not Subjects.

    http://letthemconfectsweeterlies.blogspot.se/2012/07/socratic-management-learning-by.html

    Masters of War, Dylan Cover.

    There are all sorts of useful links in the video descriptions.

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