3/4/03

More info on the financialization of the world economy: Yellow Times columnist Paul Harris notes, among other things that:

Currency trading dwarfs all other financial transactions. The daily global volume of currency transactions is nearly $1.5 trillion. It is estimated that 80-90 percent of those transactions have nothing to do with the exchange of goods or services or productivity or exploration or development; they are just speculation. Kind of like an international game of craps. Story

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