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 time, with the exception of Russia, where this fact was due to the same Bolshevistic régime.

The foreign policy of the Soviets was also catastrophic in its effects. In consequence of its nature and its fundamental principles, it was impossible to live in peace with bourgeois society, that is to say, with one's own neighbours. Lenin positively set the Soviet system the problem of preparing for the revolution of the proletariat in Eastern Europe. Enormous quantities of money were spent on this object. Apart from the fact that an enormous army was necessary for this purpose, the revolutionary propaganda used up incredible sums of money. The money that had been requisitioned from the banks and other concerns, the sale of the jewellery and silver that had been robbed from private owners, was spent for these propaganda purposes, except in so far as they were stolen by private individuals. The last farthing of the nation that had been ruined by the war and the disaster that followed in its wake, was used to organize strikes and upheavals in Vienna, Berlin and Hamburg.

This robbed money did not suffice for covering the expenses of the excellently paid and well-fed Red Army. This was due to the fact that enormous sums of money found their way out of the country, and a great deal was amassed privately. In consequence of this, the Bolshevists had to resort to the printing press. The value of money rapidly fell, and the good old money disappeared, while the new money was not accepted as payment. By this means the system dug