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TELCON
Amb. Cromer/Mr. Kissinger
8:28 a. m., May 15, 1973
K:
Hello.
C:
Henry, good morning to you.
K:
How are you?
C:
I'm all right. How are you?
K:
Okay.
C:
Look I think you're in quite trouble with the dollar. The Watergate
thing has overfloated to that field. In terms of the pounds, the dollar
has gone to 256, which is about a 5% drop.
K:
Yeah.
C:
Good as you probably heard, is a 107 dollars this morning.
K:
Yes.
C:
And I thought just as a family friend I ought to tell you about this
because if this goes over into the stock market, the lack of confidence,
then we may have one hell of a problem.
K:
Right. What can we do.
C:
Well I don't know. I'd be delighted to come and talk to you, but I
don't know what we can do. I'ts not only a question of confidence
in the management of affairs, this is bound to sort of go back on
the old place.
K:
Well, not easy to handle in the present atmosphere.
C:
Would it dissolve the problem. I was gonna have a word with Arthur
Byrnes, again for the moment, oh boy, facing--I've not talked to the
Ambassador.
K:
Well, why don't you talk to Arthur Byrnes and and if there's anything
you think I can get done from here, will you call me, as an old friend.
C:
Sure, but I hate being a harbinger of bad news but I though you ought
to know.
R:
Right.
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"ocrText": "TELCON\nAmb. Cromer/Mr. Kissinger\n8:28 a. m., May 15, 1973\nK:\nHello.\nC:\nHenry, good morning to you.\nK:\nHow are you?\nC:\nI'm all right. How are you?\nK:\nOkay.\nC:\nLook I think you're in quite trouble with the dollar. The Watergate\nthing has overfloated to that field. In terms of the pounds, the dollar\nhas gone to 256, which is about a 5% drop.\nK:\nYeah.\nC:\nGood as you probably heard, is a 107 dollars this morning.\nK:\nYes.\nC:\nAnd I thought just as a family friend I ought to tell you about this\nbecause if this goes over into the stock market, the lack of confidence,\nthen we may have one hell of a problem.\nK:\nRight. What can we do.\nC:\nWell I don't know. I'd be delighted to come and talk to you, but I\ndon't know what we can do. I'ts not only a question of confidence\nin the management of affairs, this is bound to sort of go back on\nthe old place.\nK:\nWell, not easy to handle in the present atmosphere.\nC:\nWould it dissolve the problem. I was gonna have a word with Arthur\nByrnes, again for the moment, oh boy, facing--I've not talked to the\nAmbassador.\nK:\nWell, why don't you talk to Arthur Byrnes and and if there's anything\nyou think I can get done from here, will you call me, as an old friend.\nC:\nSure, but I hate being a harbinger of bad news but I though you ought\nto know.\nR:\nRight."
}