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)
“We should be blessed if we lived in the present always, and took advantage of every accident that befell us, like the grass which confesses the influence of the slightest dew that falls on it; and did not spend our time in atoning for the neglect of past opportunities, which we call doing our duty.”
—Henry David Thoreau (1817–1862)
“Our chaotic economic situation has convinced so many of our young people that there is no room for them. They become uncertain and restless and morbid; they grab at false promises, embrace false gods and judge things by treacherous values. Their insecurity makes them believe that tomorrow doesn’t matter and the ineffectualness of their lives makes them deny the ideals which we of an older generation acknowledged.”
—Hortense Odlum (1892–?)