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managed currency. The same "Fortnightly" article (of July, 1922) 

observed that:

"As economic pressure produced the ‘astronomical dimensions system’ 

of currency; it can never destroy it. Taken alone, the system is self-

contained, logically perfected, even intelligent. And it can perish only 

through the collapse or destruction of the political edifice which it 

decorates."

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"Fortnightly" also remarked, in 1929, that:

"Since 1921, the daily life of the Soviet citizen is no different from that of 

the American citizen,  and  the  Soviet  system  of  government  is  more 

economical."

Admiral Kolchak, leader of the White Russian armies, was supported by 

the international bankers, who sent British and American troops to 

Siberia in order to have a pretext for printing Kolchak rubles. At one 

time in 1920, the bankers were manipulating on the London Exchange 

the old Czarist rubles, Kerensky rubles and Kolchak rubles, the values of 

all three fluctuating according to the movements of the Allied troops 

aiding Kolchak. Kolchak also was in possession of considerable 

amounts of gold which had been seized by his armies. After his defeat, 

a trainload of this gold disappeared in Siberia. At the Senate Hearings 

in 1921 on the Federal Reserve System, it was brought out that the 

System had been receiving this gold. Congressman Dunbar 

questioned Governor W.P.G. Harding of the Federal Reserve Board as 

follows: