Conversation No. 562-6

Date: August 12, 1971

Time: 12:45 pm - 1:17 pm

Location: Oval Office

The President met with H. R. (“Bob”) Haldeman.

George P. Shultz

-Conversation with Haldeman

-Schedule

-Forthcoming speech

-Joint Chiefs of Staff [JCS] briefing

-Meeting with the President

President's schedule

-National Security Council [NSC]

-Henry A. Kissinger

[No conversation]

National economy

-Paul A. Volcker's material

-Shultz

International monetary situation

-Market conditions, August 11, 1971

-Volcker

-Arthur F. Burns

-John B. Connally

National economy

-President's forthcoming program

-Timing of announcement

-Format

-President's possible television speech

-Floating the dollar

-Connally

-Announcement

-Possible story

-Wage and price freeze, import tax

-Investment tax credit

-Possible television speech

John D. Ehrlichman and John W. Dean, III entered at 12:54 pm.

Ehrlichman's previous press briefing

-Declassification

-Cuba

-Consultation

-Robert F. Kennedy

-W[illiam] Averell Harriman

-Arthur Schlesinger

-Lebanon

-New York Times

-Pentagon Papers

-Timing

-1972 election

-Donald Oberdorfer, Jr.'s question

-Pentagon Papers case

-New York Times, Washington Post

-Injunctions

-Ongoing negotiations

-William S. White

-Effect

-William H. Rehnquist's study

-Democrats

-Pentagon Papers

-Declassification

-Vietnam, World War II, Cuba

-Lebanon

-Korea

-Cuba

-Bay of Pigs, missile crisis

-Herbert E. Kaplow's question

-New York Times and Washington Post cases

-Implications

-Classification procedures

-Questions

-Administration’s case

-Oberdorfer's note to Ehrlichman

-Possible article

-Washington Post and New York Times cases

-Administration response

Ehrlichman and Dean left at 1:00 pm.

National economy

-President's forthcoming program

-Handling of announcement

-Television

-Domestic aspects

-Effect on international conditions

-Wage and price freeze and import tax

-Television

-Public opinion

-Handling of announcement

-Connally

-Closing gold window

-Treasury Department

-Purpose

-Stabilizing international monetary situation

-Television

Ronald L. Ziegler entered at 1:04 pm.

Ehrlichman

-Previous press briefing

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Ziegler’s previous press conference

-Jim Naughton's question

-John V. Lindsay

-New York Times

Ehrlichman

-Previous press briefing

-Declassification

-Progress report

-Spending

-World War II records

-Classification authority

-Lebanon, Cuba missile crisis, Bay of Pigs, World War II, Korea

-Foreign policy

-Confidentiality

-January 1971 study

Ziegler left at 1:09 pm.

Ehrlichman's previous press briefing

-Declassification

-President’s involvement in issue

-Washington Post, New York Times

-Press coverage

National economy

-Run on the dollar

-Shultz's views

-Treasury Department

-Volcker

-August 11, 1971

-President's forthcoming program

-Handling of announcement

-Domestic aspect

-Timing

-Television

-Timing

-Congress

-Possible speech

-Possible briefing

-Connally, Shultz, Ehrlichman

-Paul W. McCracken

-Timing

-International aspects

-Compared to domestic aspects

-Congress

-Convertibility of dollar to gold

-Closing gold window

-Shultz’s view

-Symbolism

-Handling of announcement

-International speculation

-Possible effect

-Inflation

-Inflation

-Import tax

-Closing gold window

-Handling of announcement

-Timing

-Psychological effect

-Connally

-Speculators

-Timing

-Closing gold window

-Congress

-President's conversation with Shultz, August 11, 1971

-Briefing the press

-John A. Scali's possible role

Volcker

-Market prediction

-West Germany

-International economic conditions

-Domestic impact

The President and Haldeman left at 1:17 pm.