Conversation: 580-005
Prev:  580-004 Next: 580-006Start Date: 29-Sep-1971 10:33 AM
End Date: 29-Sep-1971 11:15 AM
Participants:
Nixon, Richard M. (President); Schweitzer, Pierre-Paul; Connally, John B.; Burns, Arthur F.; White House photographer; Bull, Stephen B.; Recording Device: Oval Office
Full Tape Conversation Start Time: 00:26:09
Full Tape Conversation End Time: 01:09:35
NARA Description:
On September 29, 1971, President Richard M. Nixon, Pierre-Paul Schweitzer, John B. Connally, Arthur F. Burns, White House photographer, and Stephen B. Bull met in the Oval Office of the White House from 10:33 am to 11:15 am. The Oval Office taping system captured this recording, which is known as Conversation 580-005 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 580-5 Date: September 29, 1971 Time: 10:33 am - 11:15 am Location: Oval Office The President met with Pierre-Paul Schweitzer, John B. Connally, and Arthur F. Burns at 10:33 am; the White House photographer was present at the beginning of the meeting. Greetings Seating arrangements The President's speaking appearances -Europe -Washington, DC The President's trip -Anchorage, Alaska -[Emperor of Japan] Hirohito -Historic significance of trip to Alaska Manolo Sanchez entered at an unknown time after 10:33 am. Refreshments -Coffee -Tea Sanchez left at an unknown time before 11:15 am. Emperor Hirohito and Empress Nagako -Speaking English at meetings -Comparison of speaking versus comprehending a language -Thelma C. (“Pat”) Nixon -Translation -Benefits -Takeo Fukuda [Photograph session] Japan 7 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 580-5 (cont.) -Trip to the US by Emperor of Japan -Herbert Stein's comment -Council of Economic Advisors [CEA] US economic policies -Phase II -Forthcoming meeting -Preparation -Amount of material -Date -Remarks by Connally and Burns -The President's support -International Monetary Fund [IMF] International economic relations -US position in the world -US State Department views -Negotiations -Options on stance -Opposing views of UD international economics -Isolationism -Senate and House elections -International trade -Labor unions -New York -Businessmen -Isolationist tendencies -Leadership role of the US -Need for support by the public -The President's previous meeting with Paul G. Hoffman of the United Nations [UN] -US financial support for the UN -Herter Committee -Marshall Plan -Reciprocal trade -Policies -Cold War era after World War II -US position -Korean War -Vietnam War -US foreign aid as issue 8 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 580-5 (cont.) -Banking, loan analogy -US position in the world -Potential problems -World responsibilities -Speakers for the US -Types of statement -Isolationism -Economic strength of the US -US economic policy -Negotiations -US contributions -Defense -Foreign aid -New York bankers -US position politically as well as economically -Types of negotiations with foreign countries -Prime Minister Edward R.G. Heath -European economic community -West Germany -Willy Brandt -Berlin Agreement -Inflation -Georges J.R. Pompidou -Italy -Political situation -Japan -Comparison to West Germany -Effect of post World War II status -Political problems around the world -Japan -Germany -Britain -France -Political situations -Feelings towards the US -Possible position of foreign countries in the world -US position twenty-five years earlier -Eisenhower administration -Changes in the US -US position in the world -Responsibility 9 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 580-5 (cont.) -New economic system -Competition within the world Multinational organizations -UN -IMF -Interests of each foreign country -Potential effect of monetary chaos -Negative results in world and in the US International economy -US position -Need for change -US interests -Defending interests -Method of defending interests -Public compared to private statements -Schweitzer's actions and statements -Criticism of the President -Convertibility -Import surcharge -The President's speech -Negotiation -IMF -US role -The President's august 15, 1971 speech -Schweitzer's reaction -Convertibility -Questions directed to Schweitzer -Handling -Achievement of US trade goals -Currency realignment -Effect of policies -Heath, Pompidou -Dollar as reserve currency -US position on monetary reform -Special drawing rights -Schweitzer's term of office -Comparison to the president -Price of gold -France 10 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 580-5 (cont.) -World currencies -Resolutions by the IMF -US policy -Views of other countries -State Department -Latin America -Africa -France -UN compared with IMF -Developing nations -Balance of payments -Negotiations -Importance to US compared with importance to them -Role of major industrial nations -Group of Ten -Political power -Schweitzer's goals and actions -Criticisms -Perception of IMF -Anglo-Saxon institution -The future -Burden-sharing Stephen B. Bull entered at an unknown time after 10:33 am. The President’s schedule Bull left at an unknown time before 11:15 am. -Non-tariff barriers, trade -Monetary affairs -Burns -Monetary system -Past monetary crises -Dwight D. Eisenhower -Causes -Britain -France -Germany -US -Responsibility in the world economic situation 11 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 580-5 (cont.) -Schweitzer -Responsibilities -The President's role -Responsibilities -Political and diplomatic -Meeting with Andrei A. Gromyko -Meetings with officials from the People's Republic of China [PRC] and the Union of Soviet Socialist Republics [USSR] -North Atlantic Treaty Organization [NATO] nations -Europeans -Latin America -Political considerations -Confrontation vs. negotiation -Conflicts on monetary issues -Future of the free world -Europe -United Europe -Common market -Great Britain -US -Japan -Competition with the US -Strength in economics and politics -The PRC -Schweitzer's role -Stability -Negotiations -Cooperation -Press reports -Editorials -Schweitzer's role -U Thant's role in the UN -Relationship with the US The President's schedule -IMF colleagues Burns Schweitzer, et al. left at 11:15 am. 12 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 580-5 (cont.)