Author: Louis Even

Publisher:

Published: 2012-11-11

Total Pages: 316

ISBN-13: 9781480297814

Louis Even began to make Social Credit known in French Canada in 1935. In 1946, Louis Even published his marvellous book Sous le Signe de l'Abondance (In This Age of Plenty). The implementation of the principles expressed in this book would give peace and justice to the world. The clear and simple explanations make it easy for anyone to grasp Social Credit, even by people who have no prior knowledge of economics. Major Clifford Hugh Douglas, the founder of the Social Credit movement in the United Kingdom, asserted that Louis Even was the one who understood and expressed his thoughts the best. Fifty years later, in 1996, Louis Even's book was translated into English. In 1993, a translation into Polish was published and received a blessing from Pope John Paul II. The book is promoted by the Pilgrims of Saint Michael's Michael Journal out of Rougemont, Quebec, Canada - "a journal of Catholic patriots for the Social Credit monetary reform through the education of the population and not through political parties." In 1935, the provincial Alberta Social Credit party under William Aberhart won a landslide victory in the provincial elections, "on a platform of Christian leadership and reform of the monetary system - an alliance of God and Mammon." At the height of the Great Depression, in 1936, the Alberta legislature passed the Alberta Social Credit Acts to establish a Credit House and issue Alberta Credit in order to utilize "the unused capacity of the industries and people of the province of Alberta to produce wanted goods and services" and thus stimulate productive capacity that lay idle for lack of bank credit. At the "alarmed insistence of the chartered banks," writes Mallory, the liberal Dominion government in Ottawa under Prime Minister W.L. Mackenzie King referred certain parts of the legislation to the Supreme Court of Canada, rather than recommending disallowance to the Governor General.On March 4, 1938, the Supreme Court ruled that the power to create money and regulate banking was ultra vires (beyond the powers) of the provincial legislature of Alberta as its subject matter is embraced within section 91 of the British North America Act, the Constitution. The SCC's interesting reasons for judgment are reproduced in the Appendix of this book.