If all Europe lies flat while the Russian mob tramps over it, we will then be faced with a war under difficult circumstances, and with a very good chance of losing it.

This country cannot afford the deceptive luxury of waging defensive warfare.

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.

As in the war of 1941-45, our victory and our survival depend on how and where we attack.

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

The raising of that flag on Suribachi means a Marine Corps for the next 500 years.

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