"In 'the Socialist Federative Republic of Soviets of Russia,' to give the Bolshevik land its official title, no mention has been made of finance. The reason for this is simple. There is no finance, in the European or American sense of the word, in present Russia. The Soviet Government pays its own people what it has to pay in paper money, of which it prints unlimited quantities. Being determined eventually to abolish money altogether in favor of Communistic exchange of products, it is not worried about depreciation in the value of its currency. It possesses about 1,000,000,000 rubles--the exact amount is kept very secret--in gold, with which it intends to pay for goods purchased abroad until it can establish a system of barter with foreign commercial interests. From the capitalistic viewpoint its budgetary expenditures are chaotic, but in Communistic eyes they are both sane and logical."
Only to minds financially insane or criminally degenerate could such a system seem "sane and logical." Their carefully kept store of gold shows that the Bolshevist dictators are not insane but criminal. They understand their game, which is that of bunco-steering to "exploit" labor on the largest scale the world has ever seen. Honest paper money is a promise to pay, for value received, in gold, silver or good merchandise. If this form is used by these frauds, it is with the deliberate intention of repudiation, the possibility of payment being also destroyed by the floods of the stuff turned out. If the paper given is not a promise to pay, it is circulated simply through the tyranny of men who by threat of punishment or starvation force workingmen to exchange a day's labor for a bit of food and a piece of paper. In either case the labor exploiters in the Kremlin exact from Russia's workingmen, in exchange for a little food and a wad of paper, a genuine value, the product of hard labor, which these get-rich-quick Wallingfords can turn into gold, or exchange with