We must protect the dollar from the attacks of international money speculators. ... I have directed Secretary Connally to suspend temporarily the con… - Richard Nixon

Let me put it in historical perspective. When this Nation was founded in 1776-13 colonies, 3 million people, very weak militarily, poor economically--the men who founded this Nation said: "We act not just for ourselves, but for the whole human race." That was a presumptuous thing for them to say then. But some way that Spirit of '76 appealed to all the world. Today the United States of America, because of its power, because of its wealth, because of what we stand for, .does act for the whole human race. And that is the challenge that we face, and that is the challenge that I know that we can meet. I am proud to work with the Governors of the 50 States, Republican and Democrat alike, to see that America deals effectively with its problems at home, so that we can provide the example of leadership which will enable us to meet the challenges of keeping peace and freedom abroad.

We have tremendous problems abroad--no question about that--a war in Vietnam and threats of war in other areas. We have tremendous problems at home--the crisis of our cities, environmental and others. But on the other hand, look at it in terms as young people should look at the problems--not in terms of the threat, but in terms of the opportunity. Never has this Nation, any nation, had more of an opportunity to do something about its problems, the productivity of our farms, of our factories, and the rest. It is all there if we can only bring it together and get it properly distributed. Also, have this in mind: Have in mind the fact that because you were born in the United States of America and because you live in the United States of America, you in this Nation can play a great role in the affairs of the world--a greater role, actually, than any people in any nation of the world. This is not to downgrade any other great people in the world, because greatness does not come simply from the size of a nation and from the accident of where we happen to be born. But it just does happen that because of the great waves of history that at this time and place the decisions made in the United States of America, as far as the free world is concerned, will determine whether peace and freedom survive in the world. That is the challenge of young America, looking down to the end of this century. It is an exciting challenge, not a burden to be carried and whimpered about, but one to be accepted with all of the excitement that we have when we meet any kind of new experience, any kind of a challenge.

Today, China’s economic power makes U.S. lectures about morality and human rights imprudent. Within a decade, it will make them irrelevant. Within two decades, it will make them laughable. By then the Chinese may threaten to withhold most-favored-nation status from the United States unless we do more to improve living conditions in Detroit, Harlem, and South-Central Los Angeles.