Dollar watching

(1971 May 17)

Then I am worried about the dollar. I listen to all I can on the radio and read all the articles in the paper. I know I couldn't understand those in the technical magazines - I also know that anyone like a bank president (when you have money, especially) would give you an optimistic answer. But to my intuition this affair in Europe - the floating mark in Germany, inflation here at home, the many unemployed growing, Nixon's contradicting himself - it all makes me very uneasy and I feel I should be careful with money.