That's an excellent essay, Keith. Have you
ever seen the book "Politics and Public Debt: The Dominion, The Banks, and
Alberta Social Credit"? It was written by a Robert Ascah several years
ago, and recounted much of the background that led up to the formation of the
Bank of Canada, and the whole area of 'finance' in Canada before and afterwards,
right up through the 'post-war' era til relatively modern times.
Ascah had also been an employee of the Bank of
Canada, and later (when he wrote the book), the Alberta Treasury
Branch system, and was similiarly impressed with the ability of Towers.
The 'international' nature of central banking was
revealed in his explanations of how Towers handled the Alberta bond default, and
'isolated' what had happened in Alberta from affecting the Dominion and other
Provincial government's ability to access credit abroad.
Also of interest was a section on what the effect
would be of an outright repudiation of government debt would be, (the book
was written when the rapid growth of Canada's National Debt, and most
Provincial government debt obligations were causing such concerns.) Quite
an interesting read.
----- Original Message -----
Sent: Monday, September 10, 2007 8:32
Subject: [socialcredit] archives
The attachment does not bear directly on the question about
William Chant, but the content points toward an archive that may have some
interest here. My mini-essay describes a marathon encounter between the
governor of the newly nationalized Bank of Canada and several MPs of reformist
persuasion, including several Social Crediters and especially Gerry McGeer
I would like to make that archive more widely
accessible, but am unaware of an easily available technology for doing it. As
the essay notes, the archive is difficult to read. I have copied a
substantial quantity onto a CD, but don't know how to get a microfiche sheet
pasted into an optical character reader software so that I can edit. Can
anyone help me?
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