Present Situation
In 1997, $1,300 million were exchanged every day on Foreign exchange market, about $475 billions per year.
The world financial transactions have jumped from $1,100,000 billions dollars in 2002 to $2,200,000 billions dollars in 2008 : 95% of this global amount is only used for speculation.
Read more about this topic: Financial Transaction
Famous quotes containing the words present and/or situation:
““I don’t suppose there’s a man going, as possesses the fondness for youth that I do. There’s youth to the amount of eight hundred pound a-year, at Dotheboys Hall at this present time. I’d take sixteen hundred pound worth, if I could get ‘em, and be as fond of every individual twenty pound among ‘em as nothing should equal it!””
—Charles Dickens (1812–1870)
“It is necessary to turn political crisis into armed crisis by performing violent actions that will force those in power to transform the military situation into a political situation. That will alienate the masses, who, from then on, will revolt against the army and the police and blame them for this state of things.”
—Carlos Marighella (d. 1969)