Debt Of Honor (1994)

by Tom - Jack Ryan 06 Clancy

  "So. Now what?" he asked a man clearly out of his depth. The answer was entirely predictable.

  "I do not know. This matter is beyond me. I am a bureaucrat. I do not make policy. I am afraid for us now, and I don't know what to do."

  Koga managed an ironic smile and poured some more tea for his guest. "You could well say the same of me, Kimura-san. But you still have not answered a question for me. I, too, have contacts remaining. I knew of the actions taken against the American Navy last week, after they happened. But I have not heard about the nuclear weapons." Just speaking those two words gave the room a chill for both men, and Kimura marveled that the politician could continue to speak evenly.

  "Our ambassador in Washington told the Americans, and a friend at the Foreign Ministry--"

  "I too have friends at the Foreign Ministry," Koga said, sipping his tea.

  "I cannot say more."

  The question was surprisingly gentle. "Have you been speaking with Americans?"

  Kimura shook his head. "No."

  The day usually started at six, but that didn't make it easy, Jack thought. Paul Robberton had gotten the papers and started the coffee, Andrea Price turned to also, helping Cathy with the kids. Ryan wondered about that until he saw an additional car parked in the driveway. So the Secret Service thought it was a war. His next step was to call the office, and a minute later his STU-6 started printing the morning faxes. The first item was unclassified but important. The Europeans were trying to dump U.S. T-Bills, and nobody was buying them, still. One such day could be seen as an aberration. Not a second one. Buzz Fiedler and the Fed Chairman would be busy again, and the trader in Ryan worried. It was like the Dutch kid with his thumb in the dike. What happened when he spotted another leak? And even if he could reach it, what about the third?

  News from the Pacific was unchanged, but getting more texture. John Stennis would make Pearl Harbor early, but Enterprise was going to take longer than expected. No evidence of Japanese pursuit. Good. The nuke hunt was under way, but without results, which wasn't surprising. Ryan had never been to Japan, a failing he regretted. His only current knowledge was from overhead photographs. In winter months when the skies over the country were unusually clear, the National Reconnaissance Office had actually used the country (and others) to calibrate its orbiting cameras, and he remembered the elegance of the formal gardens. His other knowledge of the country was from the historical record. But how valid was that knowledge now? History and economics made strange bedfellows, didn't they?

  The usual kisses sent Cathy and the kids on their way, and soon enough Jack was in his official car for Washington. The sole consolation was that it was shorter than the former trip to Langley.

  "You should be rested, at least," Robberton observed. He would never have talked so much to a political appointee, but somehow he felt far more at ease with this guy. There was no pomposity in Ryan.

  "I suppose. The problems are still there."

  "Wall Street still number one?"

  "Yeah." Ryan looked at the passing countryside after locking the classified documents away. "I'm just starting to realize, this could take the whole world down. The Europeans are trying to sell off their treasuries. Nobody's buying. The market panic might be starting there today. Our liquidity is locked up, and a lot of theirs is in our T-Bills."

  "Liquidity means cash, right?" Robberton changed lanes and speeded up. His license plate told the state cops to leave him alone.

  "Correct. Nice thing, cash. Good thing to have when you get nervous--and not being able to get it, that makes people nervous."

  "You like talking 1929, Dr. Ryan? I mean, that bad?"

  Jack looked over at his bodyguard. "Possibly. Unless they can untangle the records in New York--it's like having your hands tied in a fight, like being at a card table with no money, if you can't play, you just stand there. Damn." Ryan shook his head. "It's just never happened before, and traders don't much like that either."

  "How can people so smart get so panicked?"

  "What do you mean?"

  "What did anybody take away? Nobody blew up the mint"--he snorted--"it would have been our case!"

  Ryan managed a smile. "You want the whole lecture?"

  Paul's hands gestured on the wheel. "My degree's in psychology, not economics." The response surprised him.

  "Perfect. That makes it easy."

  The same worry occupied Europe. Just short of noon, a conference call for the central bankers of Germany, Britain, and France resulted in little more than multilingual confusion over what to do. The past years of rebuilding the countries of Eastern Europe had placed an enormous strain on the economies of the countries of Western Europe, who were in essence paying the bill for two generations of economic chaos. To hedge against the resulting weakness of their own currencies, they'd bought dollars and American T-Bills. The stunning events in America had occasioned a day of minor activity, all of it down but nothing terribly drastic. That had all changed, however, after the last buyer had purchased the last discounted lot of American Treasuries--for some the numbers were just too good--with money taken from the liquidation of equities. That buyer already thought it had been a mistake and cursed himself for again riding the back of a trend instead of the front. At 10:30 A.M. local time, the Paris market started a precipitous slide, and inside of an hour, European economic commentators were talking about a domino effect, as the same thing happened in every market in every financial center. It was also noted that the central banks were trying the same thing that the American Fed had attempted the previous day. It wasn't that it had been a bad idea. It was just that such ideas only worked once, and European investors weren't buying. They were bailing out. It came as a relief when people started buying up stocks at absurdly low prices, and they were even grateful that the purchases were being made in yen, whose strength had reasserted itself, the only bright light on the international financial scene.

  "You mean," Robberton said, opening the basement door to the West Wing. "You mean to tell me that it's that screwed up?"

  "Paul, you think you're smart?" Jack asked. The question took the Secret Service man aback a little.

  "Yeah, I do. So?"

  "So why do you suppose that anybody else is smarter than you are? They're not, Paul," Ryan went on. "They have a different job, but it isn't about brains. It's about education and experience. Those people don't know crap about running a criminal investigation. Neither do I. Every tough job requires brains, Paul. But you can't know them all. Anyway, bottom line, okay? No, they're not any smarter than you, and maybe not as smart as you. It's just that it's their job to run the financial markets, and your job to do something else."

  "Jesus," Robberton breathed, dropping Ryan off at his office door. His secretary handed off a fistful of phone notes on his way in. One was marked Urgent! and Ryan called the number.

  "That you, Ryan?"

  "Correct, Mr. Winston. You want to see me. When?" Jack asked, opening his briefcase and pulling the classified things out.

  "Anytime, starting ninety minutes from now. I have a car waiting downstairs, a Gulfstream with warm motors, a car waiting at D.C. National." His voice said the rest. It was urgent, and no-shit serious. On top of that came Winston's reputation.

  "I presume it's about last Friday."

  "Correct."

  "Why me and not Secretary Fiedler?" Ryan wondered.

  "You've worked there. He hasn't. If you want him to sit in on it, fine. He'll get it. I think you'll get it faster. Have you been following the financial news this morning?"

  "It sounds like Europe's getting squirrelly on us."

  "And it's just going to get worse," Winston said. And he was probably right, Jack knew.

  "You know how to fix it?" Ryan could almost hear the head at the other end shake in anger and disgust.

  "I wish. But maybe I can tell you what really happened."

  "I'll settle for that. Come down as quick as you want," Jack told him. "Tell the driver West Exe
cutive Drive. The uniformed guards will be expecting you at the gate."

  "Thanks for listening, Dr. Ryan." The line clicked off, and Jack wondered how long it had been since the last time George Winston had said that to anyone. Then he got down to his work for the day.

  The one good thing was that the railcars used to transport the "H-11" boosters from the assembly plant to wherever were standard gauge. That accounted for only about 8 percent of Japanese trackage and was, moreover, something discernible from satellite photographs. The Central Intelligence Agency was in the business of accumulating information, most of which would never have any practical use, and most of which, despite all manner of books and movies to the contrary, came from open-source material. It was just a matter of finding a railway map of Japan to see where all the standard-gauge trackage was and starting from there, but there were now over two thousand miles of such trackage, and the weather over Japan was not always clear, and the satellites were not always directly overhead, the better to see into valleys that littered a country composed largely of volcanic mountains.

  But it was also a task with which the Agency was familiar. The Russians, with their genius and mania for concealing everything, had taught CIA's analysts the hard way to look for the unlikely spots first of all. An open plain, for example, was a likely spot, easy to approach, easy to build, easy to service, and easy to protect. That was how America had done it in the 1960s, banking incorrectly on the hope that missiles would never become accurate enough to hit such small, rugged point targets. Japan would have learned from that lesson. Therefore, the analysts had to look for the difficult places. Woods, valleys, hills, and the very selectivity of the task ensured that it would require time. Two updated KH-11 photosatellites were in orbit, and one KH-12 radar-imaging satellite. The former could resolve objects down to the size of a cigarette pack. The latter produced a monochrome image of far less resolution, but could see through clouds, and, under favorable circumstances, could actually penetrate the ground, down to as much as ten meters; in fact it had been developed for the purpose of locating otherwise invisible Soviet missile silos and similarly camouflaged installations.

  That was the good news. The bad news was that each individual frame of imagery had to be examined by a team of experts, one at a time; that every irregularity or curiosity had to be reexamined and graded; that the time involved despite--indeed, because of--the urgency of the task was immense. Analysts from the CIA, the National Reconnaissance Office, and the Intelligence and Threat Analysis Center (I-TAC) were grouped together for the task, looking for twenty holes in the ground, knowing nothing other than the fact that the individual holes could be no less than five meters across. There could be one large group of twenty, or twenty individual and widely separated holes. The first task, all agreed, was to get new imagery of the whole length of standard-gauge rails. Weather and camera angles impeded some of that task, and now on the third day of the hunt, 20 percent of the needed mapping still remained undone. Already thirty potential sites had been identified for further scrutiny from new passes at slightly different light levels and camera angles which would allow stereo-optic viewing and additional computer enhancement. People on the analysis team were talking again about the 1991 Scud-hunts. It was not a pleasant memory for them. Though many lessons had been learned, the main one was this: it wasn't really all that hard to hide one or ten or twenty or even a hundred relatively small objects within the borders of a nation-state, even a very open, very flat one. And Japan was neither. Under the circumstances, finding all of them was a nearly impossible task. But they had to try anyway.

  It was eleven at night, and his duties to his ancestors were done for the moment. They would never be fully carried out, but the promises to their spirits he'd made so many years before were now accomplished. What had been Japanese soil at the time of his birth was now again Japanese soil. What had been his family's land was now again his family's land. The nation that had humbled his nation and murdered his family had finally been humbled, and would remain so for a long, long time. Long enough to assure his country's position, finally, among the great nations of the world.

  In fact, even greater than he'd planned, he noted. All he had to do was look at the financial reports coming into his hotel suite via facsimile printer. The financial panic he'd planned and executed was now moving across the Atlantic. Amazing, he thought, that he hadn't anticipated it. The complex financial maneuvers had left Japanese banks and businesses suddenly cash-rich, and his fellow zaibatsu were seizing the opportunity to buy up European equities for themselves and their companies. They'd increase the national wealth, improve their position in the various European national economies, and publicly appear to be springing to the assistance of others. Yamata judged that Japan would bend some efforts to help Europe out of her predicament. His country needed markets after all, and with the sudden increase in Japanese ownership of their private companies, perhaps now European politicians would listen more attentively to their suggestions. Not certain, he thought, but possible. What they would definitely listen to was power. Japan was facing down America. America would never be able to confront his country, not with her economy in turmoil, her military defanged, and her President politically crippled. And it was an election year as well. The finest strategy, Yamata thought, was to sow discord in the house of your enemy. That he had done, taking the one action that had simply not occurred to the bonehead military people who'd led his country down the path of ruin in 1941.

  "So," he said to his host. "How may I be of service?"

  "Yamata-san, as you know, we will be holding elections for a local governor." The bureaucrat poured a stiff shot of a fine Scotch whiskey. "You are a landowner, and have been so for some months. You have business interests here. I suggest that you might be a perfect man for the job."

  For the first time in years, Raizo Yamata was startled.

  In another room in the same hotel an admiral, a major, and a captain of Japan Air Lines held a family reunion.

  "So, Yusuo, what will happen next?" Torajiro asked.

  "What I think will happen next is that you will return to your normal flight schedule back and forth to America," the Admiral said, finishing his third drink. "If they are as intelligent as I believe them to be, then they will see that the war is already over."

  "How long have you been in on this, Uncle?" Shiro inquired with deep respect. Having now learned of what his uncle had done, he was awed by the man's audacity.

  "From when I was a nisa, supervising construction of my first command in Yamata-san's yards. What is it? Ten years now. He came down to see me, and we had dinner and he asked some theoretical questions. Yamata learns quickly for a civilian," the Admiral opined. "I tell you, I think there is much more to this than meets the eye."

  "How so?" Torajiro asked.

  Yusuo poured himself another shot. His fleet was safe, and he was entitled to unwind, he thought, especially with his brother and nephew, now that all the stress was behind him. "We've spoken more and more in the past few years, but most of all right before he bought that American financial house. And so, now? My little operation happens the same day that their stock market crashes ... ? An interesting coincidence, is it not?" His eyes twinkled. "One of my first lessons to him, all those years ago. In 1941 we attacked America's periphery. We attacked the arms but not the head or the heart. A nation can grow new arms, but a heart, or a head, that's far harder. I suppose he listened."

  "I've flown over the head part many times," Captain Torajiro Sato noted. One of his two normal runs was to Dulles International Airport. "A squalid city."

  "And you shall do so again. If Yamata did what I think, they will need us again, and soon enough," Admiral Sato said confidently.

  "Go ahead, let him through," Ryan said over the phone.

  "But--"

  "But if it makes you feel better, pop it open and look, but if he says not to X-ray it, don't, okay?"

  "But we were told just to expect one, and there's two."<
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  "It's okay," Jack told the head uniformed guard at the west entrance. The problem with increased security alerts was that they mainly kept you from getting the work done that was necessary to resolve the crisis. "Send them both up." It took another four minutes by Jack's watch. They probably did pop the back off the guy's portable computer to make sure there wasn't a bomb there. Jack rose from his desk and met them at the anteroom door.

  "Sorry about that. Remember the old Broadway song, 'The Secret Service Makes Me Nervous'?" Ryan waved them into his office. He assumed the older one was George Winston. He vaguely remembered the speech at the Harvard Club, but not the face that had delivered it.

  "This is Mark Gant. He's my best technical guy, and he wanted to bring his laptop."

  "It's easier this way," Gant explained.

  "I understand. I use them, too. Please sit down." Jack waved them to chairs. His secretary brought in a coffee tray. When cups were poured, he went on. "I had one of my people track the European markets. Not good."

  "That's putting it mildly, Dr. Ryan. We may be watching the beginning of a global panic," Winston began. "I'm not sure where the bottom is."

  "So far Buzz is doing okay," Jack replied cautiously. Winston looked up from his cup.

  "Ryan, if you're a bulshitter, I've come to the wrong place. I thought you knew the Street. The IPO you did with Silicon Alchemy was nicely crafted--now, was that you or did you take the credit for somebody else's work?"

  "There's only two people who talk to me like that. One I'm married to. The other has an office about a hundred feet that way." Jack pointed. Then he grinned. "Your reputation precedes you, Mr. Winston. Silicon Alchemy was all my work. I have ten percent of the stock in my personal portfolio. That's how much I thought of the outfit. If you ask around about my rep, you'll find I'm not a bullshitter."