12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. Grant gave this rehearsed speech (discurso ensayado) on April 27, 2012 at the Public Banking* in America Conference, Philadelphia, PA.
Basically, her message was that Canadian taxpayers are being ripped off (robados, timados) by the banks and the government because elected officials are unnecessarily borrowing money (pidiendo dinero a crédito) from the private banks at commercial interest rates (tasa de interés) . If governments borrowed from their own banks, they could keep the interest and save a lot of money for the taxpayers (contribuyente).
*The Public Banking Institute (PBI) was formed in January 2011 as an educational non-profit organization. Its mission is to increase the understanding, explore the possibilities, and facilitate the implementation of public banking at all levels -- local, regional, state, and national.
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