Were There Government Defaults in Canada During the Great Depression?

QUESTION: You always mention how there were defaults and suspension of debt during the Great Depression by states and municipals. Was this also true in Canada?

JRT

ANSWER: Oh, yes. Whenever commodities have collapsed, Alberta finds itself in trouble. Central banks look to the national market and not to the regional sectors.

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Were There Government Defaults in Canada During the Great Depression?

Latest Posts

Why Congress has a 7% Approval Rating – Corruption

Income Equality – Paying People Not to Work?

RFK Jr – Armenian Genocide Continues

Interview: Are We On the Brink of Economic Collapse

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