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Date: 05/17/12 06:00 AM

35 Responses to 12-Year-Old Kid Explains Why We`re All In Debt

  1. Profile photo of TheGuySmiley
    TheGuySmiley Male 18-29
    1243 posts
    May 16, 2012 at 4:09 pm
    Link: 12-Year-Old Kid Explains Why We`re All In Debt - 12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt.
  2. Profile photo of TruTenrMan
    TruTenrMan Male 30-39
    2553 posts
    May 17, 2012 at 6:18 am
    It`s pretty easy. Don`t spend money you don`t have. Duh.
  3. Profile photo of HalfPintRoo
    HalfPintRoo Female 18-29
    2689 posts
    May 17, 2012 at 6:31 am
    How cute! She remembered every word of the speech her daddy wrote for her to memorize!
  4. Profile photo of elkingo
    elkingo Male 30-39
    5370 posts
    May 17, 2012 at 6:39 am

  5. Profile photo of Barnk
    Barnk Male 30-39
    486 posts
    May 17, 2012 at 6:59 am
    Canadians clearly want some of that internet money, but we shouldn`t give in. They are in debt because they pour maple syrup on everything, so let`s just give them some gumballs and Bennigan`s coupons.
  6. Profile photo of ForSquirel
    ForSquirel Male 30-39
    1986 posts
    May 17, 2012 at 7:08 am
    she speaks english?
  7. Profile photo of LillianDulci
    LillianDulci Female 18-29
    2674 posts
    May 17, 2012 at 7:16 am
    Why do I care what a 12 year old has to say? :S
  8. Profile photo of Mikeoxsbiggg
    Mikeoxsbiggg Male 30-39
    1503 posts
    May 17, 2012 at 7:35 am
    Its not the freaking banks, its the government corruotion and the neo-cons who fixed the election. (known fact) Most of Canada is furrious about the lies and scandals. Canada will be left-wing in 3.5 years. The greedy bastards live in Alberta. They are going to kill the land for profit. None of the profits go to Canadians either in tax or jobs. It makes me want to puke.
  9. Profile photo of furrything
    furrything Male 50-59
    1216 posts
    May 17, 2012 at 7:49 am
    She`ll probably get `taken out` :(
  10. Profile photo of rozzxoxoxo
    rozzxoxoxo Male 30-39
    7 posts
    May 17, 2012 at 7:50 am
    she didn`t apologize for anything, must be from Toronto
  11. Profile photo of Mantistador
    Mantistador Male 18-29
    2200 posts
    May 17, 2012 at 7:53 am
    i love how her speech follows the middleschool format of writing, open with a question, list 3 main ideas in first paragraph then explain each idea in detail in next paragraphs...
  12. Profile photo of carmium
    carmium Female 50-59
    6381 posts
    May 17, 2012 at 7:53 am
    Don`t get the joke...(?)
  13. Profile photo of Ilikelogic
    Ilikelogic Male 40-49
    550 posts
    May 17, 2012 at 7:55 am
    I`ve been told for several times now that banks give loans which are not backed up by savings.
    I still can`t believe this.
    Could some banker (preferrably) from Luxemburg confirm or deny whether this is done or not, on a worldwide scale respectively in Luxemburg?
  14. Profile photo of Apexs
    Apexs Male 30-39
    355 posts
    May 17, 2012 at 8:30 am
    She lost me at the Bible reference. I really hate how people referrer back to the bible to make a point. You don`t see me referencing Snow White.
  15. Profile photo of BostonKaiser
    BostonKaiser Male 40-49
    1175 posts
    May 17, 2012 at 8:34 am
    I kept waiting for the sniper shot. The powers that be don`t tend to like the truth being put out there for the masses. Look for her family to have a tragic auto accident.
  16. Profile photo of insane_ai
    insane_ai Male 30-39
    717 posts
    May 17, 2012 at 8:41 am
    If we could teach all of our children to think and expresss themselves with this level of skill and logic, we could fix the world.
  17. Profile photo of FAKEBACON
    FAKEBACON Male 18-29
    586 posts
    May 17, 2012 at 8:46 am
    @Mantistador ... which is an excellent format for a presentation.
  18. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17516 posts
    May 17, 2012 at 8:51 am
    For America, I believe a big piece of solving our banking problem is to re-institute the Glass-Steagall act. Glass-Steagall was instituted after the crash of 1929 lead us into the great depression. Banks were gambling with private money and mortgages then just as they did in the 2000s, it was disastrous then and even more so lately.

    If we are ever to climb our way out of this mess and prevent another roll of the dice collapse we need to make the banks and investment firms divest themselves from one another. No bank should ever be "Too big to fail" and we should never bailout another one again.
  19. Profile photo of KitFox
    KitFox Female 30-39
    595 posts
    May 17, 2012 at 9:02 am
    LOL@Apexs. Can I get an `Amen`?
  20. Profile photo of Profworm
    Profworm Male 30-39
    351 posts
    May 17, 2012 at 9:23 am
    Every once in a while you say something I agree with CrakrJak. This being one of those times, of course. Capitalism works only if the controls and punishments are in place to prevent its abuse. It`s not working now.
  21. Profile photo of Otto67
    Otto67 Male 40-49
    438 posts
    May 17, 2012 at 9:24 am

    I need to point this out since it does not happen often,

    I agree with you 100%.
  22. Profile photo of 5Cats
    5Cats Male 50-59
    30854 posts
    May 17, 2012 at 9:51 am
    She`s 12, and she knows more about the economy than all those buffoons in Ottawa and the White House.

    Good for her! Victoria for Prime Minister!
  23. Profile photo of 5Cats
    5Cats Male 50-59
    30854 posts
    May 17, 2012 at 9:57 am
    @Ilikelogic: Absoultely this is how banking works. They`re allowed to loan out many times (6X iirc) what they have `on deposit` and collect intrest off this `invisible money`.

    Furthermore: Canada has a rule which allows banks to ALSO loan 20% of their deposits value to the Government!! On top of their other loans! Ca-CHING! Free profit for the banks!

    NOW Banks want to also sell insurance! On their OWN LOANS! Talk about corruption...
  24. Profile photo of thatjimguy
    thatjimguy Male 30-39
    458 posts
    May 17, 2012 at 10:47 am
    No way did she come up with this one her own.
  25. Profile photo of Rogan
    Rogan Female 18-29
    46 posts
    May 17, 2012 at 11:04 am
    Victoria for Prime Minister!!
  26. Profile photo of DingDingDong
    DingDingDong Male 30-39
    1511 posts
    May 17, 2012 at 11:16 am

    She is an amazing public speaker.
  27. Profile photo of con_uk
    con_uk Male 30-39
    92 posts
    May 17, 2012 at 11:55 am
    daddy`s little parrot
  28. Profile photo of 5Cats
    5Cats Male 50-59
    30854 posts
    May 17, 2012 at 12:09 pm
    "her daddy wrote it"
    NOT her mommy? You sexist b-tards! :P I`m reporting y`all to the NOW!

    This information is readily available! A few hours of research and BINGO! There you have it! There`s nothing in her speach that`s secret or unknowable to a 12 year old, yet the MSM simply cannot be bothered to report on it...
  29. Profile photo of sm1804
    sm1804 Male 18-29
    8 posts
    May 17, 2012 at 12:11 pm
    I think someone has been watching zeitgeist 2. check it out its a free web movie about this financial system.
  30. Profile photo of onoffonoffon
    onoffonoffon Male 30-39
    2297 posts
    May 17, 2012 at 12:57 pm
    It`s true fractional banking is the problem. It should be a crime. Banking is legalized fraud.
  31. Profile photo of drawman61
    drawman61 Male 50-59
    7705 posts
    May 17, 2012 at 1:37 pm
    It`s funny coz it`s true.
  32. Profile photo of OldOllie
    OldOllie Male 60-69
    15845 posts
    May 17, 2012 at 9:31 pm
    She missed the larger point: if the government weren`t spending more than it was taking in, it wouldn`t have to borrow ANY money from ANYONE! When you spend money, it has to come from somewhere. You can raise taxes, borrow it from banks or by selling bonds, or you can create it out of thin air. This latter option does not, according to popular misconception, cause inflation; this IS inflation. Rising prices are caused by inflation.

    Tax, borrow, or print. It`s the SPENDING, stupid.
  33. Profile photo of BlazingBird
    BlazingBird Male 13-17
    98 posts
    May 18, 2012 at 8:22 am
    Using a kid to further someone else`s motive. It`s rehearsed, you can tell.
  34. Profile photo of number1man
    number1man Male 13-17
    240 posts
    May 18, 2012 at 9:22 am
    800 billion? LOLOL that`s pocketchange compared to America`s Debt
  35. Profile photo of PopCap
    PopCap Male 30-39
    730 posts
    May 19, 2012 at 3:41 am
    @BlazingBird "Using a kid to further someone else`s motive. It`s rehearsed, you can tell."

    Really? A 12-year-old kid with limited knowledge and zero pertinent real-life economic skills had to practice a little to give this 6 minute speech? Obviously, she must be of special needs, as every toddler in my son`s daycare can rattle off Homer`s Odyssey and all the works of Shakespeare, verbatim, without even having read them.

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