Financial weapon of the mass defeat

At the beginning initially March (Warren Buffett), talk with annual message to shareholder of its companies Berkshire Hathaway, has named the derived instruments financial weapon of the mass defeat , time bomb, threatenning economic system . Really in this grandiose financial industry all so bad? The Situation obviously requires the explanations.

Guru has made noise
Probably, this address Uorrena Baffeta has not made so much noises if his author was not financial guru calibre Alana Grinspena and billionaire with the second in the world by condition after Ticket Geytsa ($30 mlrd., on estimation Forbes). The Broad resonance is conditioned else and that that is put under doubt practicability existence to key financial industry.

Unlike market, on which calculations on deal are realized immediately, (not wholly appropriately named in Russia urgent contract) provide the calculations in stipulated moment in the future. Moreover real incoms and losses of the parties of the contract are defined one or several parameters, importances which will form at the time of calculation. Most actively bargain the contracts on percent rates on bond and bank deposit, on stock indexes S&P 500, DAX, KOSPI, on oil Brent, on gold, on corn and сою and miscellaneous. The Contracts can be a little экзотичнее. For instance, contract on importance temperature of the air in Central Europe at July 2003. Herewith suppressing part derived instrument is not connected with supply of real goods, but serves basically instrument of the selling the risk. The Market observable and most quickly developing part of world financial system.