James Forrestal

By providing outstanding economic leadership, this country can wage its attack successfully - and can thereby build the foundations of a peaceful world.

Moreover, the accomplishment of Russia's aims has been greatly simplified by the fact that we have heretofore offered the world no practical antidote for the Russian poison.

The present danger which this country faces is at least as great as the danger which we faced during the war with Germany and Japan. Briefly stated, it is the very real danger that this country, as we know it, may cease to exist.

There is a serious, immediate and extraordinarily grave threat to the continued existence of this country.

A similar revolving fund could be set up for Germany, for a durable peace can rest only upon a Germany that, while militarily impotent, is industrially active.

For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.

If these assets were set up as a revolving fund with which Japan could import raw materials for its industries, Japanese exports could again enter the channels of world trade-and Japanese workers would have employment and something to eat.