Killing Floor

“I don’t know exactly,” I said. “Jersey police say he got stabbed during a mugging outside his home.”

“But you remain skeptical?” Kelstein asked.

“My brother made a list of contacts,” I said. “You’re the only one of them still alive.”

“Your brother was Mr. Joe Reacher?” he said.

I nodded.

“He was murdered last Thursday,” I said. “I’m trying to find out why.”

Kelstein inclined his head and peered out of a grimy window.

“I’m sure you know why,” he said. “He was an investigator. Clearly he was killed in the course of an investigation. What you need to know is what he was investigating.”

“Can you tell me what that was?” I said.

The old professor shook his head.

“Only in the most general terms,” he said. “I can’t help you with specifics.”

“Didn’t he discuss specifics with you?” I said.

“He used me as a sounding board,” he said. “We were speculating together. I enjoyed it tremendously. Your brother Joe was a stimulating companion. He had a keen mind and a very attractive precision in the ma

“But you didn’t discuss specifics?” I said again.

Kelstein cupped his hands like a man holding an empty vessel.

“We discussed everything,” he said. “But we came to no conclusions.”

“OK,” I said. “Can we start at the begi

Kelstein tilted his great head to one side. Looked amused.

“Obviously,” he said. “What else would Mr. Joe Reacher and I find to discuss?”

“Why you?” I asked him bluntly.

The old professor smiled a modest smile which faded into a frown. Then he came up with an ironic grin.

“Because I am the biggest counterfeiter in history,” he said. “I was going to say I was one of the two biggest in history, but after the events of last night at Princeton, sadly now I alone remain.”

“You and Bartholomew?” I said. “You were counterfeiters?”

The old guy smiled again.

“Not by choice,” he said. “During the Second World War, young men like Walter and me ended up with strange occupations. He and I were considered more useful in an intelligence role than in combat. We were drafted into the SIS, which as you know was the very earliest incarnation of the CIA. Other people were responsible for attacking the enemy with guns and bombs. We were handed the job of attacking the enemy with economics. We derived a scheme for shattering the Nazi economy with an assault on the value of its paper currency. Our project manufactured hundreds of billions of counterfeit reichsmarks. Spare bombers littered Germany with them. They came down out of the sky like confetti.”

“Did it work?” I asked him.

“Yes and no,” he said. “Certainly, their economy was shattered. Their currency was worthless very quickly. But of course, much of their production used slave labor. Slaves aren’t interested one way or the other whether the content of somebody else’s wage packet is worth anything. And of course, alternative currencies were found. Chocolate, cigarettes, anything. Altogether, it was only a partial success. But it left Walter and me two of history’s greatest forgers. That is, if you use sheer volume as a measure. I can’t claim any great talent for the inky end of the process.”

“So Joe was picking your brains?” I asked him.

“Walter and I became obsessed,” Kelstein said. “We studied the history of money forging. It started the day after paper money was first introduced. It’s never gone away. We became experts. We carried on the interest after the war. We developed a loose relationship with the government. Finally, some years ago, a Senate subcommittee commissioned a report from us. With all due modesty, I can claim that it became the Treasury’s anticounterfeiting bible. Your brother was familiar with it, of course. That’s why he was talking to Walter and me.”

“But what was he talking to you about?” I said.

“Joe was a new broom,” Kelstein said. “He was brought in to solve problems. He was a very talented man indeed. His job was to eradicate counterfeiting. Now, that’s an impossible job. Walter and I told him that. But he nearly succeeded. He thought hard, and he applied strokes of appealing simplicity. He just about halted all illicit printing within the United States.”

I sat in his crowded office and listened to the old guy. Kelstein had known Joe better than I had. He had shared Joe’s hopes and plans. Celebrated his successes. Sympathized over his setbacks. They had talked at length, animatedly, sparking off each other. The last time I had spoken to Joe face to face was very briefly after our mother’s funeral. I hadn’t asked him what he was doing. I’d just seen him as my older brother. Just seen him as Joe. I hadn’t seen the reality of his life as a senior agent, with hundreds of people under him, trusted by the White House to solve big problems, capable of impressing a smart old bird like Kelstein. I sat there in the armchair and felt bad. I’d lost something I never knew I’d had.

“His systems were brilliant,” Kelstein said. “His analysis was acute. He targeted ink and paper. In the end, it all boils down to ink and paper, doesn’t it? If anybody bought the sort of ink or paper that could be used to forge a banknote, Joe’s people knew within hours. He swept people up within days. Inside the States, he reduced counterfeiting activity by ninety percent. And he tracked the remaining ten percent so vigorously he got almost all of them before they’d even distributed the fakes. He impressed me greatly.”

“So what was the problem?” I asked him.

Kelstein made a couple of precise little motions with his small white hands, like he was moving one scenario aside and introducing another.

“The problem lay abroad,” he said. “Outside the United States. The situation there is very different. Did you know there are twice as many dollars outside the U.S. as inside?”

I nodded. I summarized what Molly had told me about foreign holdings. The trust and the faith. The fear of a sudden collapse in the desirability of the dollar. Kelstein was nodding away like I was his student and he liked my thesis.

“Quite so,” he said. “It’s more about politics than crime. In the end, a government’s primary duty is to defend the value of its currency. We have two hundred and sixty billion dollars abroad. The dollar is the unofficial currency of dozens of nations. In the new Russia, for instance, there are more dollars than rubles. In effect, it’s like Washington has raised a massive foreign loan. Raised any other way, that loan would cost us twenty-six billion dollars a year in interest payments alone. But this way, it costs us nothing at all except what we spend on printing pictures of dead politicians on little pieces of paper. That’s what it’s all about, Mr. Reacher. Printing currency for foreigners to buy is the best racket a government can get into. So Joe’s job in reality was worth twenty-six billion dollars a year to this country. And he pursued it with an energy appropriate to those high stakes.”

“So where was the problem?” I said. “Geographically?”

“Two main places,” Kelstein said. “First, the Middle East. Joe believed there was a plant in the Bekaa Valley that turned out fake hundreds which were practically perfect. But there was very little he could do about it. Have you been there?”

I shook my head. I’d been stationed in Beirut for a while. I had known a few people who had gone out to the Bekaa Valley for one reason or another. Not too many of them had come back.

“Syrian-controlled Lebanon,” Kelstein said. “Joe called it the badlands. They do everything there. Training camps for the world’s terrorists, drug processing laboratories, you name it, they’ve got it. Including a pretty good replica of our own Bureau of Printing and Engraving.”

I thought about it. Thought about my time there.