Buffett has called derivatives weapons of mass destruction, but still I find not only my understanding but the understanding of my colleagues lacking when it comes to defining the role derivatives must play in this destructive scenario. Harry Dent in the following interview presents the most concise definition of derivatives, how they have been abused and how that abuse must lead to a significant period of badness ahead. The Dent interview starts at almost exactly 1 hour into the program.

www.radio.goldseek.com/dentoct25.php

Bull