and the fourth one is a visit with brent scowcroft. the fifth one is not getting into the white house at all and a... >> guest: fifth one's two visits with scowcroft. c-span: yeah. and then the sixth one, which is probably gonna sound unfair, was a visit with vice president quayle. >> guest: well, that--that's sort of outside that. that--that--that's a separate kind of thing, but, yes, when--when he was not going to be in the white house itself. c-span: now how did you two work out who got to do what on this >> guest: well, we'd--i would get recommendations from the national security adviser, who, in turn, would've talked to jim baker or, if it was somebody active in the defense system of another country, to cheney. intelligence people might or might not be a part of such a decision. and we just had a protocolary sense, also, as to how--how to treat a visitor without -- without appearing to side with or undermine--side with the visitor against the--the seated prime minister or seated president of a--of the visit--of the visitor's count

that time served as chairman of the council of advisers and also by national security adviser brent scowcroft to took notice. together for then greenspan tried to convey what they feared might happen if oil prices went up by 15%. the economies of the western industrialized world were still absolving the oil shock of three years earlier. many of you remember that time in 1933. oil prices quadrupled destabilizing the world economy and triggering the deepest recession in the united states since the 1930's and put millions of people out of work and cost big corporations like pan am to appeal to the federal government for bailout money. in europe at that time soaring fuel costs have helped drive portugal's economy to the wall and weaken the economies of spain, greece, italy, and great britain to the point where the governments were forced to appeal to international lenders for financial lifelines. with the resources of international lending agencies like the international monetary fund and the world bank these countries had turned to private banks in the united states to help them meet their inter