580–5

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.)