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?"