12 Year Old Victoria Grant explains Canada (and U.S.) economy problem!

I do not typically put up video for my site as it does not typically fit with what I feel my mission is, but in this case I will make an exception.  My friend Ellen Brown, President and Chairman of the Public Banking Institute, and the author of Web Of Debt had this young girl as a keynote speaker at her recent Public Banking Conference in Philadelphia.

Every one should see this video.  Ellen’s latest article,Out of the Mouths of Babes, shows that Victoria’s message was framed so well that now even adults can understand it.  Maybe, this is why the video has gone viral, with over 1 million views and climbing. Victoria patiently explains to all of us, with clearly less cognition than she,  that when private banks create money out of thin air and lend it to people or to the central government at interest it makes little sense.

This 12 year old explained to all in the room that it made much more sense for the government to create the money directly and not have the banks in the middle charging for the privilege of creating our money for us and then lending it back to us. You see she correctly explains that in Canada, and also in the U.S., the banks create the money out of thin air and then loan it to the government with interest and then all of us have to pay the interest.  She also realizes that the government could create the money directly and not pay the banks interest for the phoney creation process.  Why is it this 12 year old gets clearly what most adults do not?  I have been having this discussion with people for years.

I encourage all to watch this video and then talk to your kids.  Clearly they are a heck of a lot smarter than we are.

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About Thomas W. Loker

Meet the Author - Thomas Loker is a Startup Consultant and Advisor at SYDK.ORG, Angel Investor, Mentor and Advisor at Keiretsu Forum & Venture-Med and an established operations guy with serial successes with startups, transitional companies and turnaround situations. He has had a long career serving in the fields of science, technology and healthcare related industries. He is an active board member in both for-profit and not-for-profit companies. Tom has written numerous articles in the areas of healthcare, technology, politics and the economy. He is currently the principal author of Health Reform 2.0: Beyond partisan divide lies pragmatic solutions – a whitepaper focused on moving beyond the partisan rhetoric of the ACA (Obamacare) to a simple, efficient, effective, accessible and affordable healthcare system. He maintains a passion for serving the underserved and has founded, supported and worked in various companies to serve the most fragile among us. Because of his expertise on the business of healthcare, he was invited to conduct multiple congressional briefings on healthcare reform in Congress, meeting with more than 100 congressional representatives. He has been a guest on HuffPost Live to talk about health care issues, and is a frequent keynote speaker on the topic for many groups and events. Prior to his latest book, The History and Evolution of Healthcare in America: The untold backstory of where we've been, where we are, and why healthcare needs more reform, Tom published “Delusional Ravings of a Lunatic Mind”—a collection of essays on healthcare, politics and their interaction with the economy, available at Amazon, Barnes and Nobles, and other bookstores. Tom's passion for Music is currently expressed by his role as VP Operations and General Manager of David Victor Presents. See www,davidvictorpresents.com to find out more. You can find Tom online at: Website: http://www.loker.com Blog: https://tloker.wordpress.com LinkedIn: http://www.linkedin.com/in/thomaswloker Photography: http://www.loker.net

3 thoughts on “12 Year Old Victoria Grant explains Canada (and U.S.) economy problem!

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