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 am tired of a life of contention, and of being the personal object for the hatred of every man, who hates the present state of things.”
—Thomas Jefferson (1743–1826)
“The abjection of our political situation is the only true challenge today. Only facing up to this situation in all its desperation can help us get out of it.”
—Jean Baudrillard (b. 1929)
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