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 situation, present and/or situation:
“No people can more exactly interpret the inmost meaning of the present situation in Ireland than the American Negro. The scheme is simple. You knock a man down and then have him arrested for assault. You kill a man and then hang the corpse.”
—W.E.B. (William Edward Burghardt)
“At present I feel like a caged animal, bound up by the luxury, comfort and respectability of my position. I can’t get the training that I want without neglecting my duty.”
—Beatrice Potter Webb (1858–1943)
“... the task of youth is not only its own salvation but the salvation of those against whom it rebels, but in that case there must be something vital to rebel against and if the elderly stiffly refuse to put up a vigorous front of their own, it leaves the entire situation in a mist.”
—Jane Addams (1860–1935)