I have a friend who claims that we have only seen the tip of the iceberg wrt the global derivatives market. I am posting this because I don't know enough about his concerns to address subject - I don't know if this is a credible concern or not. His perspective is that, less China, global financial collapse is all but a certainty. http://jutiagroup.com/2008/07/24/global-derivatives-market-now-valued-at-114-quadrillion/ Also, I didn't spot a good answer to this. Does anyone have a good link showing the US dollar equivalent of ~ all of currency that exists globally, at this time. My assumption has been that there are derivatives, and then there are unfunded derivatives. His understanding is that we have a quadrillion dollars in unfunded or highly leveraged derivatives, which far exceeds the global gdp. He claims that the true scope of the problem is not being reported.