Nixon White House Tapes — Conversation 002-082 Date: Tuesday, May 4, 1971 at 8:08 PM Participants: Nixon, Richard M. (President); Burns, Arthur F. Recording device: White House Telephone Source: https://www.easynixon.org/tapes/002-082 This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Do not cite it as authoritative. [0:00] Hello? [0:11] Hello? [0:11] Hi, Arthur. [0:12] Yes. [0:12] Yes. [0:12] Yes, yes. [0:12] You got a hold of him? [0:13] Yeah, he told me. [0:15] Yeah. [0:21] Yeah. [0:22] Good. [0:35] Good. [0:35] Good. [0:44] Good. [0:44] Good. [0:44] Good. [0:44] Good. [0:45] Good. [0:45] Good. [0:45] Good. [0:45] Now the other thing, Arthur, is just that on another subject, I think you [0:49] And Volcker, you have confidence in him, haven't you? [0:58] All right. [0:58] Now, you and Volcker and McCracken and the other people know things about this. [1:04] We've got to grapple with this damn thing of the international monetary thing. [1:08] Set a plan, decide what we want, and let's grapple with it now. [1:14] You don't think so? [1:14] I don't mean this week, but I... [1:19] You'd rather keep staving it off? [1:36] I would. [1:36] If I could shape the world, I would stave off until November 17 and then go to work promptly. [1:38] What? [1:38] I'd go to work immediately. [1:39] On the plan. [1:39] Because I don't know what to do. [1:40] Right. [1:40] I get it. [1:40] Okay. [1:40] Well, we'll have to play it by ear. [1:41] Yeah, but in the meantime, let's get a plan together. [1:43] Because we've been living with this for two and a half years. [1:47] Okay. [1:48] That's right, that's right. [1:50] Well, this is fine. [1:51] I'm awfully glad you called him. [1:52] Did you report, did you tell Connolly about your call? [1:56] No, no, I don't know. [1:56] Call him and let him know, will you please? [1:59] Yes, I will. [1:59] Good, Arthur, good. [2:01] We've worked well together. [2:02] Good, and we'll have another meeting of the quadriads, probably. [2:05] I can listen to the conversation. [2:06] Good. [2:17] Good. [2:17] And he said he would resign if they went the other way. [2:22] Good. [2:22] Good. [2:23] Fine. [2:23] Thanks for calling.