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TELCON
Rogers/Kissinger
11:21 a. m.
12/2/71
devaluation
K: On the Connally
******** business no one here knew it was going to be
floated out there. I want to bring you up to date. We had a meeting here
before he left and he fought against even mentioning it in internal discussions.
He should indicate a willingness for realignment. He should reserve right for
devaluation before meeting with Pompidou. We don't know what to say to the
press.
R: Freezing money markets all over.
K: Connally said in the EOB that be sure the President won't consider it after
the meeting because Burns will leak it.
R: We will see progress being made. Nothing else to say.
K: We will say the same thing.
R: It is the only way to play it. I talked with Connally and said this is how I feel.
Can't talk with anybody. I said business leaders feel the same way.
K: Just mention the business community. This is only deal that seems possible
and he accused me of orchestrating my approach to you, which isn't true.
R: We got the cat out of the bag. The other ministers were speechless.
K: To go to 10%.
R: 5-6 was what I had in mind.
K: That's right. It's a new ball game.
R: We will have a settlement now. Can't avoid it.
K: One other thing. I was invited to the Overseas Writers thing and I turned
it down because I had to speak before the Business Council. I didn't know
that you were going to speak.
R: It's a dull speech but answering questions after was fun. Sitting in on the
meeting with Golda?
K: No. They will be alone.
R: If someone sits in, for cosmetics it's better if Al does.
K: OK but the intention is that they will meet alone.
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"ocrText": "TELCON\nRogers/Kissinger\n11:21 a. m.\n12/2/71\ndevaluation\nK: On the Connally\n******** business no one here knew it was going to be\nfloated out there. I want to bring you up to date. We had a meeting here\nbefore he left and he fought against even mentioning it in internal discussions.\nHe should indicate a willingness for realignment. He should reserve right for\ndevaluation before meeting with Pompidou. We don't know what to say to the\npress.\nR: Freezing money markets all over.\nK: Connally said in the EOB that be sure the President won't consider it after\nthe meeting because Burns will leak it.\nR: We will see progress being made. Nothing else to say.\nK: We will say the same thing.\nR: It is the only way to play it. I talked with Connally and said this is how I feel.\nCan't talk with anybody. I said business leaders feel the same way.\nK: Just mention the business community. This is only deal that seems possible\nand he accused me of orchestrating my approach to you, which isn't true.\nR: We got the cat out of the bag. The other ministers were speechless.\nK: To go to 10%.\nR: 5-6 was what I had in mind.\nK: That's right. It's a new ball game.\nR: We will have a settlement now. Can't avoid it.\nK: One other thing. I was invited to the Overseas Writers thing and I turned\nit down because I had to speak before the Business Council. I didn't know\nthat you were going to speak.\nR: It's a dull speech but answering questions after was fun. Sitting in on the\nmeeting with Golda?\nK: No. They will be alone.\nR: If someone sits in, for cosmetics it's better if Al does.\nK: OK but the intention is that they will meet alone."
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