Why Derivatives Are "Weapons of Financial Mass Destruction'

In a March 2003 BBC interview, Warren Buffet, termed derivatives 'financial weapons of mass destruction created by mad men'. He said they endangered buyer, seller and global markets alike. At that time their 'value' stood at $9 trillion. Today, that number has reached $1.4 quadrillion when the global economy is valued at $45T and they continue to expand geometrically endangering us all. More information: click here.