The Shadow Market: How the Global Economy Is Controlled by Wealthy Nations and W

Description: The Shadow Market by Eric J. Weiner 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 Weiners groundbreaking account shows, the shadow market doesnt have a physical headquarters such as Wall Street. It doesnt 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 tomorrows 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 thats not all; theyre 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. Weiners 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, Americas 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 wasnt 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? Thats 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 Chinas 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 doesnt 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. FORMAT Paperback LANGUAGE English CONDITION Brand New Author Biography 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 years best books by Barrons magazine and one of the years "Most Enriching Reads" by Kiplingers. 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. 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"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 Review Quote "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 Details ISBN1439109168 Author Eric J. Weiner Short Title SHADOW MARKET Publisher Scribner Book Company Language English ISBN-10 1439109168 ISBN-13 9781439109168 Media Book Format Paperback DEWEY 330.9 Residence Barrington, MA, US Birth 1967 Year 2011 Publication Date 2011-10-11 Subtitle How the Global Economy Is Controlled by Wealthy Nations and What Investors Need to Know to Prosper in It Country of Publication United States AU Release Date 2011-10-11 NZ Release Date 2011-10-11 US Release Date 2011-10-11 UK Release Date 2011-10-11 Pages 336 Imprint Scribner Book Company Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:137921045;

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