Debt of Honor - Tom Clancy [316]
"Now, what are we going to do about it?" Roger Durling asked. "The financial markets have been closed all week. They will reopen at noon on Friday and…"
33—Reversal Points
"It can't possibly work," Kozo Matsuda said over the translation. "Raizo's plan was perfect—better than perfect," he went on, talking as much to himself as the telephone receiver. Before the crash he'd worked in conjunction with a banker associate to use the opportunity to cash in on the T-Bill transactions, which had gone a long way to recapitalizing his troubled conglomerate. It had also made his cash account yen-heavy in the face of international obligations. But that was not a problem, was it? Not with the renewed strength of the yen and corresponding weakness of the American dollar. It might even make sense, he thought, to purchase American interests through intermediaries—a good strategic move once the American equities market resumed its free fall.
"When do the European markets open?" Somehow in the excitement of the moment he couldn't remember.
"London is nine hours behind us. Germany and Holland are eight. Four this afternoon," the man on the other end of the phone said. "Our people have their instructions." And those were clear: to use the renewed power of their national currency to buy as many European equities as possible so that when the financial panic ended, two or three years from now, Japan would be so enmeshed in that multinational economy as to be a totally integral part of it; so vital to their survival that separation would run the renewed danger of financial collapse. And they wouldn't risk that, not after recovery from the worst economic crisis in three generations, and certainly not after Japan had played so important and selfless a part in restoring prosperity to three hundred million Europeans. It was troubling that the Americans suspected a hand in what had taken place, but Yamata-san had assured them all that no records could possibly exist—wasn't that the masterstroke of the entire event, the elimination of records and their replacement with chaos? Businesses could not operate without precise financial records of their transactions, and denied those, they simply stopped. Rebuilding them would require weeks or months, Matsuda was sure, during which time the paralysis would allow Japan—more precisely, his fellow zaibatsu—to cash in, in addition to the brilliant strategic moves Yamata had executed through their government agencies. The integrated nature of the plan was the reason why all his fellows had signed on to it.
"It really doesn't matter, Kozo. We took Europe down, too, and the only liquidity left in the world is ours."
"Good one, Boss," Ryan said, leaning on the doorframe.
"A long way to go," Durling said, leaving his chair and heading out of the Oval Office before saying anything more. The President and National Security Advisor headed into the White House proper, past the technicians who alone had been allowed in. It wasn't time to face reporters yet.
"It's amazing how philosophical it is," Jack said as they took the elevator to the residential floor.
"Metaphysics, eh? You did go to a Jesuit school, didn't you?"
"Three, actually. What is reality?" Jack asked rhetorically. "Reality to them is electrons and computer screens, and if there's one thing I learned on the Street, it's that they don't know investments worth a damn. Except Yamata, I suppose."
"Well, he did all right, didn't he?" Durling asked.
"He should have left the records alone. If he'd left us in free-fall…"
Ryan shrugged.