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The Shadow Market: How a Group of Wealthy Nations and Powerful Investors Secretly Dominate the World [Kindle Edition]

Eric J. Weiner
5.0 out of 5 stars  See all reviews (1 customer review)

Print List Price: $16.00
Kindle Price: $10.38
You Save: $5.62 (35%)
Sold by: Simon and Schuster Digital Sales Inc

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Book Description

Acclaimed financial journalist Eric J. Weiner reveals how foreign countries and private investors are increasingly controlling the global economy and secretly wresting power from the United States in ways that our government cannot reverse and about which the average American knows nothing.

The most potent force in global commerce today is not the Federal Reserve, not the international banks, not the governments of the G7 countries, and certainly not the European Union. Rather, it is the multi-trillion-dollar network of super-rich, secretive, and largely unregulated investment vehicles—foreign sovereign wealth funds, government-run corporations, private equity funds, and hedge funds—that are quietly buying up the world, piece by valuable piece.

As Weiner’s groundbreaking account shows, the shadow market doesn’t have a physical headquarters such as Wall Street. It doesn’t have a formal leadership or an index to track or a single zone of exchange. Rather, it comprises an invisible and ever-shifting global nexus where money mixes with geopolitical power, often with great speed and secrecy.

Led by cash-flush nations such as China, Kuwait, Abu Dhabi, Singapore, Saudi Arabia, and even Norway, the shadow market is hiring the brightest international financial talent money can buy and is now assembling the gigantic investment portfolios that will form the power structure of tomorrow’s economy.

Taking advantage of the Great Recession and subsequent liquidity problems in the United States and Europe, the major players of the shadow market are deploying staggering amounts of cash, controlling the capital markets, and securing not only major stakes in multinational companies but huge tracts of farmland and natural resources across the world. Yet that’s not all; they’re also pursuing political agendas made possible by their massive wealth and are becoming increasingly aggressive with the United States and other governments.

Highly informative and genuinely startling, The Shadow Market moves the conversation from “international competition” to “global financial warfare,” and stands as an urgent must-read for anyone interested in the future of the global economy, America’s position in the world, or how and where to invest money today.

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Editorial Reviews

Review

"Dense and disturbing...Weiner succeeds in making the case that something fundamental has changed in the world with the rise of Eastern and Middle Eastern economies, and that is worth paying attention to." -The New York Times Book Review

"Eric J. Weiner out-hustles the global influence peddlers."  -Vanity Fair

"Alarming...a bleak survey of how flush authoritarian governments deploy financial means to achieve geopolitical ends."  -Bloomberg BusinessWeek

"Unnerving...consistently engaging...a revealing - and troubling - overview of the uses of money and power at the international level."  -Kirkus Reviews

"Does a good job of captivating you."  -Crain's Chicago Business

"Informative, admirably lucid."  -Publishers Weekly

"Weiner explains how the U.S. is ceding dominance to countries with more cash and less debt. His book explains how to succeed as an investor in the world of the shadow market"-Worth 

About the Author

Eric J. Weiner has covered business and economics issues for more than fifteen years as a writer and editor. His critically acclaimed first book, WHAT GOES UP: The Uncensored History of Modern Wall Street as told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, was published in September 2005 by Little, Brown and Company, and was selected as one of the year's best books by Barron's magazine and one of the year's "Most Enriching Reads" by Kiplinger's. He is a former columnist and reporter for Dow Jones Newswires, and he has written for The Wall Street Journal, Los Angeles Times, The Boston Globe, The Village Voice, and countless other major publications. He also is a contributor to the news and opinion website The Huffington Post. He lives in Great Barrington, Massachusetts, with his wife, Paige, and their son, Jake.

Product Details

  • File Size: 1936 KB
  • Print Length: 336 pages
  • Publisher: Scribner; Reprint edition (September 21, 2010)
  • Sold by: Simon and Schuster Digital Sales Inc
  • Language: English
  • ASIN: B003LL3KDO
  • Text-to-Speech: Enabled
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  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #515,303 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Format:Paperback
This book clearly explained so many world events that never rang true as reported in the usual sound bytes we've grown to expect from the media: why the Lockerby bomber was freed, why the Rio Tinto employees were arrested, why Iceland's economy tanked so suddenly. This was an easy reading story of how the various wealthy countries interact with each other, where the money comes from, the differences in how various countries manage their funds, and why our financial systems seem so out of control. It is always surprising how ingeneously manipulative the powerful are. Global economics will never again by as dull as it was before reading this book. I highly recommend it for anyone who wants to understand how the world is evolving.
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