Nixon White House Tapes — Conversation 747-004 Date: Wednesday, July 19, 1972 at 11:33 AM Participants: Nixon, Richard M. (President); Mills, Branford; Sedlar, Thomas S.; Flanigan, Peter M.; White House photographer Recording device: Oval Office Source: https://www.easynixon.org/tapes/747-004 This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Do not cite it as authoritative. [0:01] Yes, sir. [0:04] You got the report there. [0:05] Well, this is the last year's report, so why don't you hold that? [0:32] You don't have this one? [0:36] No, we are hoping to have a picture and a letter on it. [0:38] This is one of those organizations that you would ask your parents if you want to reach out to them. [0:47] No. [0:47] They don't know. [0:50] But it's an enormous amount. [0:53] Thank you. [0:54] But it doesn't happen. [0:56] It doesn't happen. [0:58] It doesn't happen. [1:01] But we're hoping that we can present to you a new plan of what we are, can do, what we're up to on the program, on the board, and so, you know. [1:16] Yeah, let's put them on straight on. [1:21] All right. [1:22] All right. [1:24] Now we have some plans, which I'm talking a little bit bigger, about how we can assist U.S. business companies with all the competition, which is increasing very, very much with the U.S. into governmental support. [1:38] One thing that's occurred to me in a speech in my issue that I'm going to get to, we were discussing recently the problem with law speakers. [1:47] So as we move into this business of possible trade, so they're going to really kind of break the boss leaders. [1:58] They were right in our heart. [1:59] And now we're going to play a very tough game. [2:01] I told you before we left, we had to have some other standings on that part. [2:05] They've come into our country, but they're going to control it. [2:10] We think the Japanese are going to sell the French and the Russians. [2:13] So I don't know what all the people are going to do. [2:17] All your deals in the entire year of the Congress should be made with a debt constituent. [2:28] understandings that we're not going to go with them. [2:36] We have no authority right now to operate in other than Yugoslavia. [2:42] That's a project. [2:43] That's a project. [2:45] Oh, absolutely. [2:46] We don't do that today. [2:47] Why do you say you're going to do this project? [2:49] Because we don't have authority under the Foreign Assistance Act, and it was a special amendment. [2:55] President Tito came here last year, and she was kind of authorizing us to operate in Romania. [3:00] Why aren't they with the others? [3:01] Because they don't... Because they are, under the Foreign Assistance Act, they are excluded from the non-Soviet nations. [3:09] Oh. [3:10] How did Romania got in? [3:11] Romania got in under a special amendment. [3:14] which we had to . [3:16] . [3:16] . [3:17] . [3:17] . [3:17] . [3:17] . [3:17] . [3:17] . [3:17] . . [3:43] I want to be sure that's not, and also we've got to, so if you do, should we wait? [3:50] Well, I would put it this way. [3:54] Is Peterson aware of this game? [3:56] No. [3:58] Now, isn't that something that's important? [4:00] I think you ought to talk to him. [4:10] I think you better get a wire on Peterson so that they can sort of hold that out as one of the carrots. [4:17] Because I have that very much in mind. [4:19] And I agree that it has to, with the Soviet, it has to wait for them. [4:24] It has to be part of the whole package. [4:27] Part of the whole package. [4:30] But Henry will have a strong idea. [4:32] It's all about the Poles and the Poles and what he's [4:36] I don't think, I'm not sure we want to do the polls before we do the Russians. [4:40] Maybe, maybe not. [4:42] But maybe this is something that we have to give them something now. [4:47] So I don't want to, and you can give it this now, [4:51] authority, you have congressional authority, and then you get away with it. [4:56] Yeah, at least we'll keep this law here, Senator Javits. [5:00] All right, this is a good little problem that I don't think they're probably aware of over there, but you can get back. [5:06] In other words, we'll work it out, but I think this is one that we can throw into that pot, which doesn't cost us a lot in terms of our political and other relations and people understanding. [5:20] Great. [5:20] And to our private, no private person is going to go and invest in some of our insurance. [5:26] And you can't do that in Russia. [5:29] You can't. [5:30] I want this discussed. [5:32] Wait until Henry gets back. [5:33] I want to discuss it with him. [5:35] And then tell him to get a paper on it and so forth. [5:39] And we'll start, we'll start, we'll start. [5:42] For example, Hammer is not investigating his documents. [5:44] to make sure that he's well in his technology. [5:47] He's going to be paid off in profit when he's not making money. [5:58] Thank you, Mr. . [5:59] There you are. [6:02] A new person wants to come. [6:06] I'm going to . [6:13] I'm always following you around. [6:18] The first time we met was I was lost in the Bohemian Grove. [6:26] I was trying to find your account. [6:30] I was trying to find your account. [6:43] Thank you for your support of our program. [6:54] We really would have raised some money to make us some money. [7:01] I think it's very important that Henry and Floyd understand [7:11] how this group organization plays a role in our order of all the economic things with the Russians and the Poles. [7:18] Because the Hungarians have been really reaching out. [7:21] We want to do something for them, too. [7:23] But understand that's a political decision on both, all three cases, I understand.