Nixon White House Tapes ›Tape 272 › Conversation 272-004
Nixon & Shultz on International monetary policy and Economic crisis
Monday, August 9, 1971 · 1:48 PM–1:58 PM ET · Old Executive Office Building ·10 min
AI Summary
President Nixon and George P. Shultz met to discuss preparations for a forthcoming meeting, focusing on the current international monetary situation and the potential for a perceived economic crisis. The participants also addressed pending HEW legislation, specifically evaluating the political feasibility of sustaining a potential presidential veto in Congress. Additionally, the President requested a review of retail sales figures to better gauge the national economic outlook before their next high-level consultation.
- International monetary policy
- Economic crisis
- Presidential veto
- HEW legislation
- Retail sales
Audio
Transcript (AI-generated)
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NARA Description
On August 9, 1971, President Richard M. Nixon, George P. Shultz, and unknown person(s) met in the President's office in the Old Executive Office Building from 1:48 pm to 1:58 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 272-004 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 272-004 Date: August 9, 1971 Time: 1:48 pm - 1:58 pm Location: Executive Office Building The President talked with George P. Shultz. President's schedule -Forthcoming meeting An unknown person entered at an unknown time between 1:48 pm and 1:58 pm. Unknown activity The unknown person left at an unknown time between 1:48 pm and 1:58 pm. Page | 2 White House Tapes of the Nixon Administration, 1971-1973 Richard Nixon Presidential Library and Museum, NARA Online Public Access Catalog Identifier: 597542 International monetary situation -Status -John B. Connally -Texas -Pressure for action -Perception of crisis -Paul A. Volcker Pending legislation -Possible vetoes -Department of Health, Education and Welfare [HEW] -Sustaining vote in Congress -Chance -Unknown person -Political support -Forthcoming meeting National economy -Retail sales -President's schedule
Also recorded on August 9, 1971
- 272-001 12:55 PM · 4 sec — President Richard M. Nixon and Manolo Sanchez met in the President's office in the Old Executive Office Building at an unknown time between 12:55 pm and 1:48 pm.
- 272-002 12:55 PM · 1 min — President Richard M. Nixon and unknown person(s) met in the President's office in the Old Executive Office Building at an unknown time between 12:55 pm and 1:48 pm.
- 272-003 12:55 PM · 8 sec — President Richard M. Nixon and the White House operator met in the President's office in the Old Executive Office Building at an unknown time between 12:55 pm and 1:48 pm.
- 272-005 1:58 PM · 19 sec — President Richard M. Nixon and H. R. ("Bob") Haldeman met in the President's office in the Old Executive Office Building at an unknown time between 1:58 pm and 2:01 pm.
- 272-006 2:01 PM · 14 sec — President Richard M. Nixon and Alexander P. Butterfield met in the President's office in the Old Executive Office Building from 2:01 pm to 2:02 pm.
- 272-007 2:02 PM · 40 sec — President Richard M. Nixon and Manolo Sanchez met in the President's office in the Old Executive Office Building at an unknown time between 2:02 pm and 2:15 pm.
- 272-008 2:02 PM · 7 min — President Richard M. Nixon and Rose Mary Woods met in the President's office in the Old Executive Office Building at an unknown time between 2:02 pm and 2:15 pm.
- 272-009 2:15 PM · 44 min — President Richard M. Nixon, Stephen B. Bull, John B. Connally, Manolo Sanchez, and H. R. ("Bob") Haldeman met in the President's office in the Old Executive Office Building from 2:15 pm to 2:55 pm.
Cite this conversation
Conversation 272-004, August 9, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/272-004 (accessed September 18, 2026).