THE PRESIDENT'S DAILY BRIEF 8 NOVEMBER 1971

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0005992962
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 10
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: November 8, 1971

Declassified in Part- Sanitized Copy Approved for Release 2016/06/14 : CIA-RDP79T00936A010100080001-6
The President's Daily Brief
8 November 1971
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Declassified in Part - Sanitized Copy Approved for Release 2016/06/14 : CIA-RDP79T00936A010100080001-6
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FOR THE PRESIDENT ONLY
THE PRESIDENT'S DAILY BRIEF
8 November 1971
PRINCIPAL DEVELOPMENTS
On Page 1, we comment on the speech of Soviet polit-
buro member Grishin marking this year's anniversary
of the Bolshevik Revolution1
viet party leader
on Page 2.
European Community finance ministers are discussing
a possible formula for breaking the international
monetary impasse. (Page 3)
An attack on a UN relief ship in East Pakistani
waters could reflect deliberate guerrilla policy.
(Page 4)
the recent visit of So?
-
Brezhnev to France
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FOR THE PRESIDENT ONLY
USSR
The traditional speech on the anniversary of the
Bolshevik Revolution, delivered by junior politburo
member Viktor Grishin, was a fairly routine affair
and reflected satisfaction with the course of the
USSR's foreign and domestic policies. Grishin did,
however, seem at pains to demonstrate that Moscow's
current "peace offensive" was not inconsistent with
past Soviet foreign policy and did not mean any
slackening in the Soviet ideological struggle against
"imperialism." Grishin did not mention President
Nixon's forthcoming visit to Moscow or otherwise
comment on Soviet-American relations, except to note
?that "known, positive results" have been achieved
at SALT. He made the standard pitch for normaliza-
tion of Sino-Soviet state relations.
In discussing the recent travels of Soviet leaders
abroad, Grishin gave primary emphasis to party
leader Brezhnev's recent visit to France. He also
singled out the Berlin agreement and the improve-
ment in Soviet - West German relations as important
contributions to the progress of European detente,
and noted that a Conference on European Security
might be possible "as early as 1972."
The selection of Grishin is in keeping with the
practice established after Khrushchev's ouster of
rotating ?the anniversary speaker. It is, however,
an indirect snub to the two more senior members of
the politburo--Voronov and SheZepin--who have not
yet been so honored.
1
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USSR-FRANCE
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the official min- 50X1
utes of the Brezhnev-Pompidou conversations do not
go much beyond the public record and Pompidou 50X1
vetoed the idea of a Soviet-French 50X1
friendship treaty. /
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FOR THE PRESIDENT ONLY
INTERNATIONAL MONETARY DEVELOPMENTS
European Community finance ministers are dis-
cussing a formula which they hope may break the in-
ternational monetary impasse. At a meeting in Rome
last week French Finance Minister Giscard D'Estaing
indicated that France could probably, go along with
a plan that:
--Maintained the gold parity of the French franc,
--Devalued the dollar vis-a-vis gold by about
five percent,
--Retained essentially without change the franc-
lira and franc-sterling rates,
--Revalued the deutschemark by about five to
six percent and the Benelux currencies by
much smaller percentages,
--Removed the US import surtax.
Germany indicated that it will accept this pack-
age provided that Japan at least matches the German
revaluation and that Canada also revalues substanti-
ally.
Japan and Canada are likely to find Bonn's
demands acceptable since their current
market exchange rates already show substan-
tial de facto revaluations. Italy, how-
ever, may be unwilling to accept a revalu-
ation of the lira vis-a-vis the dollar by
as much as five percent.
I The EC will have an
opportunity to discuss the package further when the
finance ministers meet again just prior to the Group
of Ten meeting on 22 November.
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Action in East Pakistan
Saidpur
?
\r/s,
Farakk:A.,,
,
t /
EAST PAKISTAN
(
DACCAN
d
Y?`
Comilla'
/7
Pabna
I N Dd A
?Sylhet
Kamalp
Jessore
4%4 92Chandpur
i/essels damagedjin
kandear Chandpur
,r
-
Chittagong'
?Calcutta
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25
50
75
MILES
'55208211-71 CIA
BURMA
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FOR THE PRESIDENT ONLY
PAKISTAN
? On 5 November one of several US-financed coastal
vessels carrying foodgrains and clearly marked as
engaged in UN relief operations was damaged by an
explosion near the East Pakistani port of Chandpur.
It follows by three days the sinking at Chandpur of
a Pakistani ship also carrying foodgrains.
The attack on the UN vessel could indicate
that some guerrilla groups--not necessar-
ily those under the control of the Bangla
Desh "government"--are initiating a policy
of interfering with UN relief operations.
? The guerrillas in the East are concerned
that international relief efforts are not
helping the majority of the Bengali peo-
ple. There are, in fact, numerous reports
that some aid is being diverted exclusively
to the Pakistani Army and its supporters.
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FOR THE PRESIDENT ONLY
USSR-Egypt:
NOTES
The Soviets
currently maintain six reconnaissance version Badg-
ers at Cairo West and four other TU-16s at Aswan
in support of their Mediterranean naval forces.
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Top Secret
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