LETTER TO HONORABLE LEO CHERNE FROM WILLIAM J. CASEY TRANSMITTING FINISHED PAPER ON THE CRISIS IN INTERNATIONAL FINANCE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83M00914R001000030021-9
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 19, 2016
• Document Release Date: February 20, 2007
• Sequence Number: 21
• Publication Date: November 2, 1982
• Content Type: LETTER

I- #W Approved For Release 2007762720":-CTA-RDP83MOO914ROO1000030021-9
The Director of Central Intelligence
Washinglon,D C20305
0 2 NOV 1982
Honorable Leo Cherne
President's Foreign Intelligence Advisory Board
The White House
Thank you very much for your prompt and thoughtful comments on our
draft paper, "The Crisis in International Finance." We have since made
quite a few changes in the paper, but the main message remains the same. A
copy of the finished paper is attached.
Like you, we consider this paper to be only a first step in alerting
policy officials as to the problems, risks, and contingencies in
international finance. CIA and other elements of the Intelligence
Community have a role to play in providing early warning of developments
that could do serious harm to international financial structures and to US
interests generally. We should be especially concerned about possible
developments which conventional wisdom does not consider highly likely, but
would have serious consequences if they occurred. Effective warning along
these lines will require both an analytical and a collection effort in the
Community as well as close cooperation with Treasury, the Federal Reserve,
and the private sector.
National Intelligence Officer for Economics, is in the
process of eve oping a warning mechanism on global economic issues.
Warning on financial issues is going to be at the top of the list; other
issues may include energy, key commodities, and aspects of international
trade. He will be in touch with you to discuss this matter and we would
very much appreciate your assistance and guidance.
Yours,
7s7 William J. Casey
William J. Casey
Attachment,
As stated
Approved For Release 2007/02/20: CIA-RDP83MOO914RO010000300