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SUGGESTED READINGS

The April-May 1968 issue of Viet-Report is dedicated to covering "Pro-War Latin America." It includes: - a report on the OLAS conference by Viet-Report editor Ruth Shereff (who attended the conference); - "Guatemala: Military Camp Under Liberal Command" by NACLA staff member Jon Frappier, who visited Guat-eml- in the summer of 1966 to report for the SDS Radical Education Project; - an interview with Blase Bonpane, until recently a Maryknoll priest in Guatemala; - "The New Mian and the New Order in " by Mike Goldfield, member of REP who visited Cuba during January and ; - a report on university social science counterinsurgency research in atin America by VR editors Carol Brightan and Michael Klare (also of ACIA staff); - "Insurgents' Guide to the Care and Feeding of U.S. Capital in atin America" by Lois Reivich and Edie Black (both of NACIA staff). Due to layout errors, this guide is scrambled in places. - an examination of some prevailing facts, figures and statistics regarding atin America by Alex Georgiadis (visiting lecturer at College) and Karen Spald- ing (assistant professor at Rutgers); - "The New Strategy of U.S. Investments" by Edie Black; - Three book reviews: Jim Petras on Internal Security and Military Power by Barber and Ronning, Ohio State Press, 7966, $6.50; Allen Young on Latin America: Reform or Revolution by Petras and Zeitlin, Fawcett World Library, 196 31 pp, 950 in paperback; Julie Nichamin on The Economic Transfoa ntionof Cuba by Boorstein, Monthly Review Press, 1968, 300 pp., $7.95. Copies obtainable at 50¢ from Viet-Report, 133 West 72nd Street, NYC 10023; (212) 799-0870. * "The Sieve of Gold" by Michael Hdson, Ramparts, tay 1968, pp. 39-43. Written by a former (1961-67) balance-of-payments analyst for the Chase Manhattan Bank, this article is one of the clearest and simplest documented explanations of the gold and dollar crisis we have read. Its analysis of the U.S. crisis re- minds the reader of the old story of how empires finance their expansion by the use of credit, i.e., through the mechanism of actually devaluing their currency without officially doing so. Foreign bankers accept the effectively devalued currency as long as the empire-builders continue to engender confidence. However, as soon as the empires suffer military reverses (for instance, the barbarian in- vasions of the Roman Emapire or the against the U.S. empire), con- fidence falters. The bankers (or, in the case of the Roman Empire, the money changers) refuse to accept the imperial currency at its official value (and eventually may refuse to accept it altogether). It is a case of the chickens coming home to roost. * ow to Read the Financial News, C. Norman Stabler, Perennial Library, Harper and Row. New York, 1966, 26i pp, 95¢ in paperback. First written in 1932 shortly after the general public acquired a special in- terest in financial operations, this book is now in its tenth revised and updated edition. It includes sections explaining the operation of the stock market, Federal Reserve System, Securities and Exchange Commission, commodity exchanges, bond market, government financing, mutual funds, the World Bank, International Monetary Fund and Inter-American Development Bank. It also includes a glossary of financial terms and an explanation of the construction and use of trade indexes. The author was financial editor and columnist for The New York Herald Tribune for over thirty years. -10-

For the Radical Education Project (REP) literature list, write to: REP, Box 625, Ann Arbor, Michigan 48107; (313) 761-1320. The list includes: - Exploitation or Aid? U.S.-Brazil Economic Relations, a Case Study in U.S. Imperialism by Andr Gunder Frank (10¢); - Latin America: Capitalist Castle with a Feudal-Seming Facade, by A.G, Frank (10¢); - The Argument of Latin America: Words for North Americans, by Carlos Fuentes (10¢); - The Long March: Guerrilla Movements, Theory and Practice, by Regis Debray (20•); - American Economic Imperialism: A Survey of the Literature, edited by William Caspary (20¢); - A New Look Into U.S. Investments in Latin America, by Eie lack (10¢); - Stock Ownership and the Control of Corporations, by Don Villarejo (35¢); - The Fantastic Rise in Corporate Profits, by AFL-CIO Department of Research (5¢); - Mergers and Concentrations of Corporate Power, by AFL-CIO Dept. of Research (10¢); - Scarce Resources: The Dynamic of American Imperialism, by Heather Dean (10¢); - Economic Aspects of U.S. Imperialism, by Harry Magdoff (Monthly Review Press) (50¢); - The Contradiction of Advanced Capitalist Society and its Resolution, by Martin Nicolaus (10¢); - Power in American Society, by Jim Jacobs (15¢); - U.S. Foreign Policy and Imperialism, by Steve Johnson (15¢); - Movement Speakers Guide (10¢); - Prospectus of the Radical Education Project (25•). REP also publishes the Radicals in the Professions Newsletter.

North American Congress on Latin America (NACLA) P.O. Box 57, Cathedral Station New York, New Zbrk 10025

If you are planning to change your address during the saer, please send us a change of address as soon as possible. The News- letter will appear during the summer in June and August.