• Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

    James Rickards: Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.
    James Rickards (2014). “The Death of Money: The Coming Collapse of the International Monetary System”, p.14, Penguin