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

Submitted by: TheGuySmiley 4 years ago

12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt.
There are 34 comments:
Male 729
@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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Male 240
800 billion? LOLOL that`s pocketchange compared to America`s Debt
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Male 98
Using a kid to further someone else`s motive. It`s rehearsed, you can tell.
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Male 15,832
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.
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Male 7,775
It`s funny coz it`s true.
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Male 8
I think someone has been watching zeitgeist 2. check it out its a free web movie about this financial system.
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Male 36,400
"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...
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Male 92
daddy`s little parrot
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Male 1,511

She is an amazing public speaker.
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Female 46
Victoria for Prime Minister!!
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Male 459
No way did she come up with this one her own.
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Male 36,400
@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...
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Male 36,400
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!
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Male 438
@Crakr,

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

I agree with you 100%.
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Male 482
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.
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Female 595
[email protected] Can I get an `Amen`?
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Male 17,512
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.
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Male 586
@Mantistador ... which is an excellent format for a presentation.
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Male 1,230
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.
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Male 1,204
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.
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Male 355
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.
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Male 550
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?
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Female 6,381
ForSquirel:
Don`t get the joke...(?)
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Male 2,199
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...
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Male 7
she didn`t apologize for anything, must be from Toronto
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Male 1,397
She`ll probably get `taken out` :(
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Male 1,497
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.
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Female 2,674
Why do I care what a 12 year old has to say? :S
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Male 2,390
she speaks english?
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Male 486
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.
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Male 5,620

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Female 2,764
How cute! She remembered every word of the speech her daddy wrote for her to memorize!
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Male 2,552
It`s pretty easy. Don`t spend money you don`t have. Duh.
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Male 1,243
Link: 12-Year-Old Kid Explains Why We`re All In Debt [Rate Link] - 12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt.
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