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Telecon
Mr. Kissinger
Minister Schmidt
3/5/73; 2:45 p.m.
S: This is Helmut Schmidt speaking.
K: Hello, Helmut. How are you?
S: Very good of you to call back, Henry. Oh, I am fine. I just left
the hospital.
K: Are you at the hospital?
S: Yes.
K: I saw a picture of you attending a Ministers meeting yesterday.
S: In order to do so I left the hospital, but I am not out of the hospital.
K: Uh-huh.
upon
S: Henry, I call/you because I remember a conversation back in October
last year when we said I should call upon you when monetary problems
tend to become political problems.
K: Absolutely.
S: Henry, I've been with this now
the danger. You will have
recognized that within the last few days the dollar was weak at all the
exchanges all over the world.
K: Right.
S: There are different reasons for it. I think generally speaking and
basically speaking the pound value of the dollar is now okay but there are
a number of psychological factors working against the dollar. Among
these factors is also an official statement of your Administration that
the United States Administration would not do anything in order to maintain
the value of the dollar -- would not intervene, in other words. I had
a conversation over the telephone with GEORGE SHULTZ
.
K: Yes, he told me about it.
S: Pardon?
K: He told me about it.
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"ocrText": "Telecon\nMr. Kissinger\nMinister Schmidt\n3/5/73; 2:45 p.m.\nS: This is Helmut Schmidt speaking.\nK: Hello, Helmut. How are you?\nS: Very good of you to call back, Henry. Oh, I am fine. I just left\nthe hospital.\nK: Are you at the hospital?\nS: Yes.\nK: I saw a picture of you attending a Ministers meeting yesterday.\nS: In order to do so I left the hospital, but I am not out of the hospital.\nK: Uh-huh.\nupon\nS: Henry, I call/you because I remember a conversation back in October\nlast year when we said I should call upon you when monetary problems\ntend to become political problems.\nK: Absolutely.\nS: Henry, I've been with this now\nthe danger. You will have\nrecognized that within the last few days the dollar was weak at all the\nexchanges all over the world.\nK: Right.\nS: There are different reasons for it. I think generally speaking and\nbasically speaking the pound value of the dollar is now okay but there are\na number of psychological factors working against the dollar. Among\nthese factors is also an official statement of your Administration that\nthe United States Administration would not do anything in order to maintain\nthe value of the dollar -- would not intervene, in other words. I had\na conversation over the telephone with GEORGE SHULTZ\n.\nK: Yes, he told me about it.\nS: Pardon?\nK: He told me about it."
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