KUGOWN - SHERWOOD: SCRIPT "IS OUR NATIONAL CURRENCY IN PERIL?"

Created: 6/9/1954

OCR scan of the original document, errors are possible

Acting Chief of Station, Oueteualu

UBDOXI

raoaa

SHERWCODt Sorlpt "Ie our national currency in peril?1

Headdusrtere^

Jnegexty)

are forwardingopy cf subject script which ie for your information end guidance only.

With this broadcast, SHERWOODampaign intended to result in financial difficult!oa. Thla campaign iato be carried by any other outlet.

JEROME C. DOTEAR

Elmer gw

64

Distribution i

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P- ,o

1

IS X JU:v HitU

Hooters oj out XoouI an-l exBtiao Jcnadttoceum/Mr oi citlee aau rural erecc report that 'Jtajboon aeena sorry gueollona oonoexninj qui- currency oai national finances by friendsoUiigara' le our money safe/ Will the sovortvusnt bo nolo to continue snucuv paynuots to liefilceraaoL Liars ae wall aa to other creditors'/ Is It likely that our currency will be devaluatedv Xhtl nany slndlsr. anxious quoetlone. "inoe our friends in thoso varlcue looal and uletrlot cacwdtteos ware not sure how to answer these inquiries, they reported then to us and the Socoonlc affairs Section of our aational Liberation Cosalttea hocs vith tho following prelladnary reply*

"^inoe neny fyllow-ultizon* show, in their oral and writtenrofit an-xioty about the currency and related financial problaaa, we feel it neoeasary to issue en InBodlatn. proliadnary ststenent to eoaaowlsUc* reoedot of vhase inquiries and to assure all concerned that we are uo lively concerned with the problem of our oojitry's ourrency and financial situation In general.

this noaent, we have not yet conclusive evidence that thece-rfoitnny regime Is hcedeo for outright bankruptoy orevaluation of our ourrency, that is,adical out ln tha value of the .uetsal. 'Vvortholese, It would be dangerous coaplaocaoy and aaort^ljuMsrtores If we would tell you not to worry and If we would assure you that the aonoy which yon hold la hand or which you receive an your hard-oemod us,;oe ovary week or every aonth is certain to retain its presunt value.

the cyitray, you have every roaeon to view the financial pelr of tho Arsons-Tortuny refine ulthbtant distrust and to fear the worst frca their piano for the near future, if thoso loA-liiy representatives of tho Internationalspimcy in our oountry areto oontinuo ln oXlioo. Xou know, ol' course,

that VAir-rvexpensee have increased rapidly in the Lout few years,eavy valine of cccnjnlal*orUorod prqpeconda, usr/ travels toiplng and other pllgrlwi.ee n. the iron Jurtaln,trikes ln Sanduru. and other counu-ioe, nwilntoininj; th* -exlbtcan Beglon, sutaidizJnj the Josxauxlst rany, th* oot^iLst-oontrollix: labor union* end other organisations. irst result, the treasury letting shorter and shorter of cash, not even the workers on the Atlantic Highway cat paid In tins, unpaidack up on the -icsi; of the Finance Mnlfltatr and frantic effort* to obtain new foreign loan* are being Bade ln spita of all big talk about getting independent front foreign capitalists.

" ra nor* galnous are Uw facte which we hare been able to observe in other countriee which baru fallen unJor ceramist rule* you look at Hussla berscli or at CtecbctfOovakle or any other cossainlsUrulsd country, there hasadical devaluation of the enrraonythe last few years, without any odvanoendeed* in the faoe of violent denials by the oaoaunist rulers to the vary last day before lt took place* The cjoaunistsriple ool with soon cuts ln ourreooy valno* first, they want to stop imoplo froa baying consumers goods, food orr eutosoblles ceoeuae they want to use isoney to bwaaa1 up sore industry, aorc nan binary and core araaaantj sooonri, they want to oonfisoeta all "surplus" of funds ln private hands end to reduce thus the 'oococedc and political reasons! third, they want to fill the coffers of the ^overaneat to hove anplo funds for all the big tasksotalitarian reflate eats out to fulfill.

"dovf as we stated initially, we do not yet hove oonoluolvo proof that Arbenc, Jortuny uo. ore already preparing to indtate the asaaafsj set by their ccaradas ln other lands, however, wo arc working bard to flnu out and wa shall lnfora you of the results of our investigation as quickly as possible. In the noentime, those of yon who are Just: ftable worried shout such possible confiscatory ooeouroo by the

tuny retire,vised toollowing proocutlottry slope*

frcra oanke orw si<vlrv Institutions calhich yuu _io uoLthere* beouuMi *ucii accountsoo'.tally eeijod by Uic

ovonenntj

if you hove any spare oaah oa hood, use It without jjLcj tc buy iair*which you osn use ltter, whether olotrdiy, or furniture, jr klicnea utensils orr whetover else you nay bare plaaneu toas. eaae later datedon't keep too auoh oaali ln hsartf

Af you bars aore cash or valuables then you osn reasonably ocovort Into ssirchacvilse right now, transfer your cash or valuaulc to safe keeping abroadln *der to frustrate coraasaistalnst your property

(wo knowza hlnsalj" and certain nearer* of his lebinct have (ions this already* ao don't worry about being oellod "VupctriotiQ"), If our oountry is suio orve noro iron the owaUt peril, you will return these assets to our own oountry again* "These, we repeat, are precautionary uooauree which ws edvieo yon to take, ln order to protect yourself against nrbitrary sou which tin Arbenx-*ortuny ro^iavt ia likely to take. Msten regularly to our broadcasts and we shall keep you advised about any new laforanUon whioh we shall obtain."

Icq have been listeningtatement fron the rconcnlc Affairs Section of our national Liberation Mranittoe. Listen regularly for further eUteoante and other inpea-uot nuwe.

Original document.

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