Iran not moving on bomb, say US spies

IRAN has not produced the highly enriched uranium necessary for a nuclear weapon and has not decided to do so, US intelligence officials told Congress.

The Derivatives Time-Bomb: The Real WMD

A £516 Trillion Derivatives ‘Time-Bomb’

Not for nothing did US billionaire Warren Buffett call them The Real ‘Weapons Of Mass Destruction’

The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world’s output: it’s been called the “ticking time-bomb”.

It’s a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it’s a market that is set to come to a crashing halt – the Great Unwind has begun.