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To: Frank Pembleton who wrote (92947)	8/1/2001 10:54:49 AM
From: Edmond Katonica	Respond to of 95453

For better or for worse the world economies have become independent. We gain a great deal from being the world’s reserve currency. A large part of the foreign dollars will never be presented for good a service. They are largely used in the shadow economies of so many countries. I exported goods out of India and lived there, they had three currencies. 1. The rupee that was used for every day living. 2. The dollars that was used {illegally} for commerce 3. Gold, but gold in bullion form was illegal except for jewelry., which makes for a poor investment. It was used by the middle class as a safety net, Three currencies that served different needs. Turkey is another place were a huge shadow economy is present , and were the dollar is the medium. But all this is no Marshall Plan.