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:"Within the department, over the objections of a more farsighted minority, the experts made a joke of the discourses by protecting the profits accruing to American business from the aggressions we were so nobly denouncing."  The trade "treaty expired in January of [1940], but it was not until July that an 'embargo' on oil and scrap was announced . . . . The details were left to the State Department experts. When the regulations were promulgated it was found that the only scrap 'embargoed'" was one little used of the 75 varieties of iron and steel scrap, and "the only petroleum 'embargoed' was aviation gas". Stone continued, "the 'embargo' itself was only a system of licensing. It is now revealed that few if any licenses were denied under these regulations . . . . The Japanese, with about a year's supply on hand, do not need our scrap as much as they did, and the scrap industry, with a defense boom in the offing, does not need Japanese orders . The big steel companies cannot oppose an embargo on scrap by claiming that we have an over-supply of steel and at the same time ask for a higher price for steel on the ground of a shortage . . . . Both big steel and the scrap industry have accepted the embargo with a curious equanimity. This may be the result of a new sense of patriotism or it may be something else." <ref>I.F. Stone, ''The Nation'', October 5, 1940.</ref>
 
:"Within the department, over the objections of a more farsighted minority, the experts made a joke of the discourses by protecting the profits accruing to American business from the aggressions we were so nobly denouncing."  The trade "treaty expired in January of [1940], but it was not until July that an 'embargo' on oil and scrap was announced . . . . The details were left to the State Department experts. When the regulations were promulgated it was found that the only scrap 'embargoed'" was one little used of the 75 varieties of iron and steel scrap, and "the only petroleum 'embargoed' was aviation gas". Stone continued, "the 'embargo' itself was only a system of licensing. It is now revealed that few if any licenses were denied under these regulations . . . . The Japanese, with about a year's supply on hand, do not need our scrap as much as they did, and the scrap industry, with a defense boom in the offing, does not need Japanese orders . The big steel companies cannot oppose an embargo on scrap by claiming that we have an over-supply of steel and at the same time ask for a higher price for steel on the ground of a shortage . . . . Both big steel and the scrap industry have accepted the embargo with a curious equanimity. This may be the result of a new sense of patriotism or it may be something else." <ref>I.F. Stone, ''The Nation'', October 5, 1940.</ref>
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On July 26, 1941, Roosevelt accepted a plan for economic sanctions presented by [[KGB]] Agent and Treasury Assistant[[Harry Dexter White]]. Japan found itself in a position where its oil reserves would be exhausted in two years, its aluminum reserves in seven months. Because Japan was poor in natural resources, its government viewed these steps, especially the embargo on oil, as a threat to the nation's survival. Japan's leaders responded by resolving to seize the resource-rich territories of Southeast Asia, even though that move would certainly result in war with the United States.  White submitted an appeal to the President:
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On July 26, 1941, Roosevelt accepted a plan for economic sanctions presented by [[KGB]] Agent and Treasury Assistant [[Harry Dexter White]]. Japan found itself in a position where its oil reserves would be exhausted in two years, its aluminum reserves in seven months. Because Japan was poor in natural resources, its government viewed these steps, especially the embargo on oil, as a threat to the nation's survival. Japan's leaders responded by resolving to seize the resource-rich territories of Southeast Asia, even though that move would certainly result in war with the United States.  White submitted an appeal to the President:
 
{{Cquote|Oil - rivers of oil - will soon be flowing to the Japanese … To sell China to her enemies for the thirty blood-stained coins of gold will not only weaken our national policy in Europe as well as in the Far East, but will dim the bright lustre of America's world leadership… On this day, Mr. President, the whole country looks to you to save America's power as well as her sacred honor….<ref>[http://www.geocities.com/Pentagon/6315/comatph.html Communism at Pearl Harbor], How the Communists Helped to Bring on Pearl Harbor and Open up Asia to Communinization, Dr. Anthony Kubek, Dallas Texas, Teaching Publishing Company, 1959. pg. 12. Dr. Anthony Kubek was the Editor of the U.S. Senate Committee on the Judiciary, [[Senate Internal Security Subcommittee]], Report on the ''Morgenthau Diaries''. In 1965, the SISS issued a two volume committee print entitled ''Morgenthau Diary'' (China), Edited by Dr. Anthony Kubek, containing entries from the records at the Franklin D. Roosevelt Library selected to illustrate the implementation of Roosevelt administration policy in China. According to Dr. Kubek, the subcommittee wanted to produce a documentary history on the subject and "also indicate the serious problem of unauthorized, uncontrolled and often dangerous power exercised by non-elected officials," specifically Harry Dexter White.</ref>}}
 
{{Cquote|Oil - rivers of oil - will soon be flowing to the Japanese … To sell China to her enemies for the thirty blood-stained coins of gold will not only weaken our national policy in Europe as well as in the Far East, but will dim the bright lustre of America's world leadership… On this day, Mr. President, the whole country looks to you to save America's power as well as her sacred honor….<ref>[http://www.geocities.com/Pentagon/6315/comatph.html Communism at Pearl Harbor], How the Communists Helped to Bring on Pearl Harbor and Open up Asia to Communinization, Dr. Anthony Kubek, Dallas Texas, Teaching Publishing Company, 1959. pg. 12. Dr. Anthony Kubek was the Editor of the U.S. Senate Committee on the Judiciary, [[Senate Internal Security Subcommittee]], Report on the ''Morgenthau Diaries''. In 1965, the SISS issued a two volume committee print entitled ''Morgenthau Diary'' (China), Edited by Dr. Anthony Kubek, containing entries from the records at the Franklin D. Roosevelt Library selected to illustrate the implementation of Roosevelt administration policy in China. According to Dr. Kubek, the subcommittee wanted to produce a documentary history on the subject and "also indicate the serious problem of unauthorized, uncontrolled and often dangerous power exercised by non-elected officials," specifically Harry Dexter White.</ref>}}
  
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