"Smuts, with his uncanny sense of prophecy, foretold the economic consequences of the peace. Looking ahead he visualized a surly and unrepentant Germany, unwilling to pay the price of folly; a bitter and disappointed Austria gasping for economic breath; an aroused and indignant Italy raging with revolt—all the chaos that spells "peace" today. He saw the Treaty as a new declaration of war instead of an antidote for discord. ... Smuts signed the Treaty but, as most people know, he filed a memorandum of protest and explanation. He believed the terms uneconomic and therefore unsound, but it was worth taking a chance on interpretation, a desperate venture perhaps, but anything to stop the blare and bicker of the council table and start the work of reconstruction."