The Shadow Market: How the Global Economy Is Controlled by Wealthy Nations and What Investors Need to Know to Prosper in It

Overview

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, ...

See more details below
Other sellers (Paperback)
  • All (41) from $1.99   
  • New (19) from $1.99   
  • Used (22) from $1.99   
The Shadow Market: How a Group of Wealthy Nations and Powerful Investors Secretly Dominate the World

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$11.66
BN.com price

Overview

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, Eric J. Weiner’s up-to-date account gets out in front of daily events, with proof of his argument destined to appear in the news for years to come. 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.

DID YOU KNOW?

***The Pentagon has run elaborate simulations of global financial war. Result: America lost, and the shadow market won.

***The U.S. dollar is under siege as a global currency; oil-producing nations have already begun secret discussions about replacing it in oil trading.

***While Greece was burning in the spring of 2010, the shadow market nations were spending hundreds of billions of dollars all over the world rather than helping to fix the European crisis. Why? Because it wasn’t their problem.

***With its wealth of natural resources, Brazil may be more powerful than Germany, France, and Great Britain put together, and may soon rival the United States for economic supremacy in the Western Hemisphere.

***In April 2009, China told the International Monetary Fund to sell 3,217 tons of gold. How much did China buy? That’s a secret. What else is China buying? As many of the oil reserves in non–Middle Eastern countries as it can, including in Canada. It has bought so many Australian natural resource companies that Australia is getting nervous. And some would say that China has, in effect, already purchased Taiwan.

***Many of the shadow market countries are racing to improve their food-security risks by buying large swaths of farmland in other countries, potentially at the risk of starving the local citizens. Saudi Arabia has a farm the size of Connecticut in Indonesia, and Korean industrial giant Daewoo controls half the arable land of Madagascar.

***Iran is China’s third largest oil supplier and in return receives significant protection from Chinese diplomats, who are increasingly important players on the geopolitical stage.

***The shadow market countries will soon control nearly $20 trillion in assets, a sum greater than the gross domestic product of the United States. 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.

Read More Show Less

Editorial Reviews

From the Publisher
"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

Read More Show Less

Product Details

  • ISBN-13: 9781439109168
  • Publisher: Scribner
  • Publication date: 10/11/2011
  • Pages: 336
  • Sales rank: 815,396
  • Product dimensions: 5.50 (w) x 8.50 (h) x 0.90 (d)

Meet the Author

Eric J. Weiner has covered business and economics issues for 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.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 7 Customer Reviews
  • Anonymous

    Posted January 27, 2011

    Authoritative information of independent wealth funds

    The Shadow Market explains how oil rich countries (China, Kuwait, Abu Dhabi, Singapore, Saudi Arabia, and even Norway) are turning their mass cash holdings into power. As these oil countries buy influence through the markets they clash with western values and interest.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted October 8, 2010

    No text was provided for this review.

  • Anonymous

    Posted July 20, 2011

    No text was provided for this review.

  • Anonymous

    Posted October 9, 2010

    No text was provided for this review.

  • Anonymous

    Posted December 11, 2010

    No text was provided for this review.

  • Anonymous

    Posted July 29, 2011

    No text was provided for this review.

  • Anonymous

    Posted March 2, 2011

    No text was provided for this review.

Sort by: Showing all of 7 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)