Sunday, December 30, 2018

13 year old girl Victoria Grant explains Extreme Corruption the cause of Extreme Poverty Governments

According to Steve Keen, Victoria Grant is wrong about the payment of interest, where her says the velocity of money means the interest on loans can be paid - and he even has software models to prove it, although not everyone is convinced.

Victoria Grant has more of a Ellen Brown take on things, but it's not a bad start.

Second speech by 13 year old Victoria Grant on the issue of corruption within the banking system. She argues it is a cause of extreme poverty.

I have posted the first speech she made here before, but here it is again for completion.

Fantastic 12 yr old Victoria Grant explains how banks commit fraud.

12 year old spells out the fraud the banks are committing against the people.
Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. April 27, 2012 at the Public Banking in America Conference, ...


Konrad said...

“Victoria Grant has more of an Ellen Brown take on things, but it's not a bad start.”

Yes. Like Ellen Brown, plus everyone else at the Public Banking Institute, Victoria falsely believes that only banks can create money.

Victoria’s belief is true in the case of euro-zone nations, but not in the case of monetarily sovereign governments like that of the UK or USA, which create their spending money out of thin air, without borrowing from anyone.

(However, if a monetarily sovereign currency is not negotiable outside a nation’s borders, and if the nation also has a trade deficit, then the nation will have a severe foreign debt crisis, accompanied by extreme poverty and inequality.)

Nonetheless, Victoria is correct in saying that we have given FAR too much power to the banks, and we are letting the bankers destroy us with debt.

Politicians harp on the non-existent “public debt crisis” (or “national debt crisis”) in order to divert attention from the all-too-real private debt crisis.

Victoria Grant is also correct in saying that poverty is not an accident, or a “law of nature.” Poverty is always the result of policy choices made by society’s “leaders.”

Konrad said...

Some years ago I tried to explain Ellen Brown's error to her, but she dismissed me. And some of her disciples flamed me.

Once you fall into the mental rut of believing that the entire world is like the euro-zone, nobody can get you out of your rut except you.