True or False - The Stock Market is a Scam

[DetlefK]

11. The derivative-market is worth more money than exists in the whole world.

The stock-market consists of so many loosely correlated systems, that it's an almost perfect random.
There are scientific workgroups focused on AI, statistics and predictions.
Their programs are so good, that they can predict your pick in a binary dilemma, provided that the program had some time to study you.
It's just cold, hard math, but sometimes their accuracy is frightening. (It's really hard to trick them.)
But even they can't predict the stock-market.

The stock-market is random, but that doesn't make him fair, because the playing-field isn't leveled. Hight-Speed-trading, complicated financial products only absolute pros get... And of course insider-trading, which is no victim-less crime, because the damage is spread out over the millions of other traders.

And let's not forget the derivatives. The whole market covering something north of $600 TRILLION.
The gross world product of 2011 was $70 trillion.
1. The banks made up value and backed it up through some private financial means. Which means, the banks essentially created their own currency.
2. What to do with bursting bubble, when even the combined world economy hasn't enough money for a bail-out?