Conversation 272-009

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Detective Collins.

Well, in other words, if we try to kick Friday afternoon's spike, somebody's about to put me out.

It's a very, very important thing.

We're running no negotiations.

But, and there's no, I must say, there's no way to panic.

But I have a lot of money.

It's a $550 million investment.

West got $550 million, the British got $50 million, the French $45 million, the Belgians $25 million, the Japanese $70 million.

The Basque took in about $60 million.

The Lira, what I did see, versus against the dollar.

And the Vatican took in the last $30 million.

The government took in $50 million, which is $20 million.

You've got to keep your damn storage, which looks to me like a remote leak.

No.

I don't know.

You know.

I know.

And I'm just .

You know him.

I know him.

Yes, Peterson knows him.

He knows him.

They brought out some papers and put them to us.

I don't know this one.

I don't know whether it's going to be a hopeless thing or not.

I'm telling you, we haven't watched it, but we're going to read it.

That's exactly what we're going to do.

Now, we can probably do it better if we can, no question about it.

But then we really ought to do it all at once.

But I've reached a good period of understanding.

I've sort of loosed it.

I thought I didn't know how to do it.

We can do it all at once.

Then we can program it.

We've got a background.

We've got a background all of a sudden.

Then I can have the whole thing.

And for the better of the risk we run, and this goes back to what we've talked before, is that you, we constantly do the best that we can.

You know, you swear you're going to be in on that.

You're going to get it back.

No, you're never going to get it back.

You're going to get it back.

Well, eventually we might be able to manage it.

Oh, sure.

If we do our program, I meant the closure.

Well, the closure, the other way over the next several years, we'll start improving our position in at least the other countries that would buy gold, life, and so forth.

But it's nowhere to be settled.

But it does seem that we will have an erosion of assets.

It could be a suspension.

We can move into it.

In Europe, or here, we talked to, I said, we have voters from the Fed people, Shala Kuhn, and New York, excuse me.

They talk to people constantly.

And there's no feeling of panic.

In the United States, particularly.

We don't see it here.

I certainly wouldn't see it.

No, no.

Now, it could hit any time.

And if they do, they'll do two.

It won't be unusual.

Two or three billion dollars at that point.

What do we do at that point?

All they do is close the door.

So the International Monetary Fund, we had one for a long year.

And then, well, from then on, it's just a question of what you are and what you weren't.

Then we ought to put the whole package in.

That's one step in the whole package that we ought to move right on.

And I mean, I can't deal with that.

You just don't kind of deal with it.

And you can, of course, go with it.

Refuse to burn foreign currencies into dollars.

And you do that to improve the economy.

That's all.

It's just people paying out all their assets.

Because if you pay out all your assets, is there a way to make people do that?

Yes.

What's the reaction to that?

No.

Well, in my judgment, we ought not to, because that creates, this creates real, what you could, what you could do that.

Oh, you can't do that.

What I meant is, is that, I mean, I just, I just, I just, I just, I just, I just,

I think there's a very bad feeling in the panel that you would like to preserve your single action rather than quite the other way and very little time to spend with the crew on board.

You see, we can verify that this code is gold and it won't be caught over purely hours, but then do nothing else with that one.

You can do that in a great few weeks.

Oh yeah, you can do that in a great few weeks.

That's what I'm talking about.

But you're going to have a hell of a lot of pennies now in the international markets if you close the door without it and do nothing else.

That's the point.

I don't know if you can't quote it.

I would consider you can't quote it.

Well, you can, but the way they all knock you out.

The other is just such a beautiful fight.

Now, all of them.

Why would anybody put this?

Why would anybody do it?

But for all scholars, basically,

not a particularly responsible reporter.

He was kind of like a junior critic who would hear from others and others.

There's a lot of, there's all sorts of scholarly kind of things.

I'm saying that nobody should even be talking about that stuff.

They shouldn't be talking about it.

I don't know about that.

Well, it's too damn precise in terms of the staff.

He just says, you know, it goes.

It's all right now.

So somebody has said, he's not touching me.

He's not touching me.

Somebody has said, he's not touching me.

He's not touching me.

I don't see it.

I don't think that will ever happen again because we know you won't leave.

We know Schultz won't leave.

We know I won't leave.

So you're never sure that you're going to leave.

Well, I'm never sure.

I don't think he's going to leave.

Well, he sat down politically, and he said, I would like to talk to Wilbur.

He would have had this hour-and-a-half conversation, an hour-and-a-half conversation with Wilbur over this and President Kellogg.

And he said, now, we ought to, I said, now, let's co-operate.

Frankly, he did.

President, you're still with me.

He just thinks we're all fucked up for sure.

He thinks our time is all wrong.

He's looking something up for us to do.

He's just loving.

He said, well, we can't wait that long.

He said, we've got to love the world of Japanese.

So let's not talk about the evaluation.

Let's talk about approval, program on trade.

Well, he wants to do something.

He wants to now.

He wants to get into this thing.

He grabbed me and said, I want to put together a whole program for you, no later than the first of September.

I said, that would be good.

And I was very moved.

And I said, if you want to work on some Japanese program.

I said, Christ, you've got to see it.

You've got to pay for it.

He hasn't been able to do anything with them yet.

I said, why do you want to work with my bull guys?

And he said, well, they work.

He took 30 minutes.

But he's just itching to finish that.

Well, this means he's got to go back, you know, to his staff and follow up.

So any time you broach yourself with people who don't really know, then they've got to go try to find out.

Well, in the process of acquiring, they tell.

I mean, they give themselves a little bit of tenure.

But the mere question, the mere probing or answer would be .

Now, that would probably be the way this happened.

And I don't say it happened.

You see, he has been actually very concerned about .

There's only one other way to do this.

You say, all right, I've worked on this.

You say, that color.

What's the question?

What do you mean by that?

And that's easily, easily done in a bunch of the properties.

And the other property owner is .

And we're .

How many ?

I was .

In context, I don't think we should bother.

I mean, in 30 days, I think you're a great person.

You're a great person.

I don't believe we're not living in a time like this.

But it's understandable that we didn't even have it just to speak of.

And unfortunately, it's a model that's clearly defined in issues.

It's definitely a hard thing to do after those that produce excuses and other problems that are defined in issues and excuses and institutions.

Well, I think you're right.

America is the problem.

I think once we make this move, I'm afraid...

I couldn't agree more.

But I'm afraid it will be misunderstood in the light of what you did.

There's no plan that fits into it.

On the one hand, the ATW thing wasn't put into it.

They raised you above what you recommended, but it's for the purpose of the appellate local government.

There's one other thing we can do here, John.

We can start the program.

Do you like coffee?

I take iced tea.

That's right.

It shows you how you can't run a government.

You know, let me... Let me tell you something.

We're trying to share a story.

The other day,

And the telecoms were very, very, very, very complex.

Why did you mention the telecoms?

I don't know.

So I ask you a question.

I said, I always ask you a question, but I'd say that this administration is pursuing an agenda.

We have to do it.

In fact, it's in several channels.

I don't know the record, but I'm probably going to be clear.

No, I'm going to stay with her.

All right.

Thank you.

because of this kind of stuff that she's doing.

Now, of course, this comes out, and you've done this, and you see how it's going to jump.

But, by and large, we have an article in the Times Magazine that we did this time, and we said, you know, it's a variety of people.

See my point?

Well, I didn't think that would happen.

So, uh... Do you think that thing would ever come off?

It just won't.

Now, let's come back to this.

It disappeared when we were coming.

Yeah.

It made a trigger.

Right.

Yeah, this time.

So, you had this picked up.

It won't.

Yeah, this time.

It won't for this guy.

It's picked up by the top of the nation.

In New York, Bob was regarded as having a legal name, and so forth and so on.

I asked him once before to take a Paul Scott story.

You recall the Paul Scott story I asked you to check for me in the last two weeks.

We had one.

I don't remember, but I've had, there's been, there's been several Paul Scott stories where he's had one.

No, it was not foreign policy.

The other one.

It was a... No.

It was something directly, you know, directly related to... China or something.

Yeah.

I don't know what it is.

That is precisely that.

It really is.

And it is utterly devastating.

Utterly devastating.

And it is not only that, it is truly, truly against our interest to put it out.

Now listen, the point is, that he got, that's the path here that I'm going to take.

You know Scott, he's not alive at all.

What the hell is this now?

You know, I told you to check this and nothing has done any better than that.

I want you to go back and check the Paul Scott's records and find out who in the gallery was talking to him.

Now, this isn't about the Scott, you know.

That's the best we can go about it.

He's telling us, he's the one that came in the first instance.

Oh, and that's what he did.

I see.

He's the goal of the people, the goal of the people.

He advocated the export, the rebate, the import.

He knows it.

You know, they heard it.

See, after you and I left, George Hughes and Earl Booker and Paul McCracken said, the two will make it through.

And hell, he took my book, that thick black book, and his sister kept it from us.

We were very passionate about it.

He took it all the way with him.

He knows all about it.

He's read all the papers.

He sure knows about it.

He has to know about it.

But he doesn't know about that dear old one.

Oh, yeah, I don't want to hear it.

He doesn't know about the date.

He doesn't know about the date, but he knows that all these things are under consideration.

He's in a way, he ought to do something quicker and all that sort of thing.

I don't think he wants to either.

Well, I don't want to lay this in front of you.

I know you don't.

But God damn it, we've got to.

And this is the question.

When I was going to ask you, you chose the question of what if a leash on a guy who doesn't come with a leash?

The only other thing the council recognized about him is that Jeff called him 24 hours after this was first discussed.

If you recall the first discussion, what trigger?

Now, the reason I don't think the trigger

We went through this entire exercise, for you to say, John, you've been here a few months, right?

Oh, that's what I mean.

As a council member, I'll make the point, there could be a hell of a campaign here.

Well, there could be, for the reason Paul came in, and he said, after he came in and talked to me, after Paul came in and talked to me, he said, I've already picked up the report.

When Christ was asking the question, how do you do this?

How do you, how do you, I spoke about it over and so forth, because he didn't know it.

You remember, he was the one that talked to you about it, and you called me, and Paul and I talked about it, and we set up this group of four, and they did talk.

Now, they don't have all the details.

I'm sure they don't have all the details.

And he's also, he's come down, he's not sophisticated enough to talk to people about that.

He just isn't, right?

He really isn't.

We've got to get our people to quit running the hell around when they don't know what the hell they're talking about.

It says something about getting people to do that.

The whole point about this is to put it off in the whole lot.

You can't talk on the crane.

There is such a thing.

Well, that's the vote.

That's why it seems to me that it's either here

And I'll say this to the fed people, we went over this great potato world and this crisis occurred in the spring, where the Germans, Mark, Adam, the Berns were in it, and the Tritons were in it, and that's not, it's nothing to do with it.

Is it caused by our contingency?

No, that's new.

There's a clue that if I had, there it is.

Is this Paul Scott?

Is Scott on the report?

We had another one, what the hell was it, a couple weeks ago, and I remember I sat in there, right on the nose, and I said, how it looked like he had been... What happens with something like that?

Something that seemed to come right out of the bowels of the administration.

Somebody was talking to him.

He was very conservative.

I'd be a regular, but he didn't hear me.

He did at times.

He's a rat, but he's at least a rat in a way that he isn't just hauling with him.

What I can't get at is the reason we've got to know about it is not to punish him.

I mean, we've got to come up with a government that hasn't been charged with death.

I mean, I'm not just going to tell you it's never going to happen.

It's going to happen right now.

I've always been worried about .

I just think he does some people.

He's like them.

I don't think .

He asks questions.

He's interested.

He talks about things.

People read into him.

He's just so incredibly nice, even as far as in Washington, the press and politics is concerned.

You can see the problem.

They're all worried about right now.

They're worried about the other thing that's really getting much more play than this, which is that they're all tired together.

These people are high as fish in hell.

I didn't know Peterson was involved in this.

But I think he studied under him.

That was later.

We talked about the plan at a certain date.

That's right.

That's what I'm writing.

And then the question came up, should you bring Peterson to any of the hires that you know of?

Bob was only headed from, he had the idea of whether it would go on a certain date.

That's correct.

Yeah.

That's because he was on it in January because of the prognosis.

That's right.

But as far as I know, Peterson's been in the beginning.

Yes, sir.

In fact, he came in and advocated.

Is he in on your whole bundle or just on this part of it?

The way this came up, he came up with the idea of the import tax and the airport rate tax.

Totally unrelated to that.

Probably floating.

by some extra, far extra police kind of these ties together.

And then Fred Onham came along.

And I said, well, we've got a program.

Yeah, well, uh, that's... See, John put together the whole program out of those two kids.

Right.

Well, we put it together back in spring, but... No, but I mean, uh, with the way the cars run along the road.

That's correct.

After those kids, they put this whole program together.

That's right.

But we've had, like, the golden rule, and all of this last for years, and we put over the whole thing with fire, and fire, with burns, with dead air, fire, everyone.

That's one side of the family that's trying to guess what about this one.

But we survived.

We didn't start this one.

We didn't even think of another one like that one.

I'm just telling you, part of the $700 billion chain,

I don't think this is the real one.

Because the situation is that nervous.

You know?

You look how worried I am.

I've seen the rest of the world.

That's a very good idea.

I mean, all of our energy is sponsored, obviously.

I would all want to be out doing it again, like everybody wants to do it.

And the more we get down to it, trying to get it out there, and they can't do it again.

I figure I have become, I have become convinced that we're just foolish to have some evidence around this White House.

I think we can all talk about it.

I mean, those that are not pros, just talk.

You've got to come apart so I can only cover it.

I just can't help it.

I'm not good at it.

You're not good at it?

You're not personal?

Well, you may be giving him a bum rap.

That's the thing that worries me.

You're not good at it.

I think you've got to be careful with it.

He tends to be extremely voice-guided.

He's an activist.

He's got a lot of drive.

He's got a lot of good ideas.

But he's just got to channel it.

He's got to pipe down the gun.

I understand he's talking about other things.

But not this.

He's talking horror, a crime, anybody else.

This is the worst thing anybody's ever talked about.

The worst thing anybody knows.

I don't understand.

All right, I want you to call.

I want you to call my crack.

I'm asking anybody who's talking to stop.

I just want to know.

Don't tell them the story.

Anybody who's talking to stop.

I want you to call me.

I'm asking you or anybody who's talking to stop.

I'm going to tell them.

I'm going to tell them the story.

I said, all right.

I said, well, here's the story.

I didn't read it.

I didn't read it all the time.

You know, it wasn't interesting.

I passed it off as a note to myself.

If you ask him, he says,

Is there any other way to go about asking him correctly about his job?

Check the other story.

That's the other possible way.

The man that put out the other story could be putting this one under his guy, and frankly, if it's important, and so forth, and not within the council of economic advisors, but within the NSC system.

It's a solely economic story.

Usually what happens is the guy has one source,

And what's this going to be?

I checked every one of those areas.

I checked the other stories to see what I did was this type of thing.

One other, let's see what we can do.

One other interesting thing.

I don't know if we have one.

I'm just going to check.

I don't know if we have one.

And that's the meaning of the Haines-Fried Laws, the words that are modified in American countries.

But I don't even know how to think about it.

It's not good for me.

But for a certain reason, that when we're really getting to this point, I don't know if you're familiar with that, but we're extremely short on the number of laws and terms that are intended for such things as proxies and ploys

Platinum, Chrome, and all the other prototypes that are all out of our country.

I had the raw materials consumed in the war in the United States.

Other countries know it.

In the next five years, we have a real energy crisis.

The Europeans will soon just win this war and they're going to have to fight and die for us, for our communities, for what they're going to reform.

But when it comes down to the real battle, Europe will try to pull me up.

We have a corporation.

But they're not going to run around there, first of all, to do this.

They're passing their conditions, which is why they're going to do it.

Now, all of this adds up to that there's another facet to it, which is important.

And that is something that they're going over to our countries, particularly if they're dealing with a national issue, or having them go into partnership with governments.

They don't go into partnership with other companies.

They go into partnership with governments.

Texas Eastern, for instance,

And I was with him the whole weekend.

John Harper, John Harper, Peterson, Ed Spear of the United States of America, Backstreet, Backstreet Goodrich, Chairman of the Board of Executives and Translators.

That was the crowd.

And we got all of that.

We did this in the morning.

They're extremely concerned about this whole particular area and the application of any government, technical issues, whatever the hell we're talking about in Morocco.

Morocco doesn't.

They're here to hire any government.

So all across the world, these various big companies belong to them.

Members are having to go to fucking work governments together.

Plus, if I'm not mistaken,

to import out to the U.S. Steel, probably about Japanese imports.

One of them kicked us around.

Ed Spears said, I know what I'm talking about.

We've got 29% of the steel industry in the U.S. And he said, we cannot export one steel rod to the U.S. without the attachment, the clarity of what the attachment steel is.

And he said, we have lost the aluminum rockets in the entire east coast of the United States.

We don't have any aluminum rockets.

And he said, yet we cannot ship one piece of aluminum

Fabricated road, ended the plant, I mean ended the plant without the permission of the Franks aluminum industry.

They said we're part of it, we're going in here, we're the part of it.

We didn't know about it.

And we can't get one bit of America to do that.

And this is what we're doing.

And then they want to talk about the gas and all those other things.

Well, us people, the gas mills and they had to tell us about it.

But we have liberals here.

And there are times when we're creating a slobbering in the world.

But we really are free to create whenever we want to have a nation around the world.

And we have a lot of unhealthy facilities around the world.

We've had enough.

We've had enough of Italy as a different world.

A world where people aren't playing fair with us.

And there's other times.

They don't have to put up with it.

Shall we, how do we leave this now?

I didn't just leave it just like it is, but I'm going to stay until tomorrow.

That's all I have to say.

Because I personally think, John, that our plan is right.

I have a feeling that I know it's right.

I have a plan.

That's what I mean.

I have a feeling that...

doing it right now with the Congress gone and so forth, isn't quite the right time to hit, you know.

Here's a little bit at the end, while the Congress is gone and so forth.

Well, I think if we come back in September after we've thought it all over, and we've also revealed the stuff that I haven't, we're going to be out on the environment every time.

We will be out there.

We won't tell what it's about, but then it'll all come out.

How long has this been going on?

We've been able to study it in May.

Right.

We're ready to go.

We're ready to go now.

If we didn't think it was the right time, it's not like the time for our new policy.

Right.

No question, we've got some press time.

There's one thing that could be done.

I'm not going to recommend it to you.

I don't want to tell you about it because I have a question.

Would you throw that into the pot?

How would you throw that into the pot?

I'm going to get Roy to do it.

We had a long time.

Go and talk to these people.

Talk to them about the big weekend.

Or a week.

Go and talk to them.

You know, wherever you can catch them.

Paul is not that sober.

Paul sees the same weaknesses in his weakness.

He admits there's a divide.

That's it.

You can do that.

You know, it's a good thing for future relations.

That's basically, I think, what I'm concerned about.

Because he is a central banker.

He's got a few other people down the road.

But now...

Paul doesn't think the hell out of the accomplished.

He thinks it's dangerous.

He thinks you might have forced all any precipitous action for a couple of weeks.

But, he says, if they don't react favorably, he said, trigger a run in 24 hours to keep those French.

And he said, if the French took it the wrong way, if they hit them the wrong way,

They started calling on us for gold immediately.

They said, then we would have triggered it.

And that may trigger anyone if you want gold.

But if we go around talking, and what they were talking about was the British, the Germans, and the French.

But, see, the Germans are not going to ask for gold.

Neither are the British.

The British are going to release the Germans.

And the French might.

I don't see anything to be king about it except to assume they're king.

We have the possible advantage that we could forestall a run for two or three weeks, and let Paul go over and talk to him.

But I said to him, what the hell are you going to do when they look at you for a flag and say, are you going to do that?

Are you going to leave here a run if you're going to close a goal and argue?

He said, well, my answer would have to be, I suppose, to be your answer.

He said, my answer would have to be, well, that's obviously the one thing that we would consider.

And I said, well, if I was the Frenchman, and you told me that, I'd run back to you in one hour.

I'd call you to cover all the dollars I had in the French trade with gold.

Because if I thought you would consider that, I'd be disloyal to my government.

If I didn't call on you to go right now,

And I said, I think that's a reaction.

But he does not necessarily recognize that, of course.

That's, of course, that if the French were sympathetic, then we'd have to talk to the Japanese.

We probably could stall it, you know, just keep conversations.

Maybe we could sue things until September.

Maybe we could, that's the only advantage we could get out of it.

You're not going to solve anything.

but you don't tell me you say look we've got a lot of things on the domestic front without you you said we there are a lot of things we can do the president's got a lot of consideration we're all working day and night all the work y'all do just to tighten it up about the first part of our way back to the academy but we're reviewing a lot of these things if y'all participate something now then we're just going to blow it

No.

No, you really ought not to.

You really ought not to.

That problem is that you either trap yourself or you trap them.

That's the problem.

I just don't recommend it.

He's just got to be mature.

He's got to be brought in at the right time.

We cannot have this big movement.

I don't think it'll work, Mr. President.

I think that it'll be black hell, no question.

I don't think it'll work.

I guess we're going to have to try it.

Mr. President, you don't like the way the president, he didn't like that so much.

And I think we don't probably end up like this.

Okay.

Yeah.