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.

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.

Courage is the capacity to conduct oneself with restraint in times of prosperity and with courage and tenacity when things do not go well.

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

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