Creating wealth from thin air Available to Purchase

Posits that the entire financial future of the world, owing to financial instruments, will change – to the benefit of society. States that the arrival of derivatives poses three dangers: systemic risk; lack of control of the use of derivatives; and the risk of capital market mis‐reporting. Concludes that there is a chance to create enormous wealth but there is also scope for disaster – how these pan out depends on the right financial engineering.