The World for Sale

The World for Sale

  • Downloads:1037
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-04-05 11:51:09
  • Update Date:2025-09-06
  • Status:finish
  • Author:Javier Blas
  • ISBN:0190078952
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

Meet the traders who supply the world with oil, metal and food - no matter how corrupt, war-torn or famine-stricken the source。

'The definitive, eye-opening story of the most powerful and secretive traders in the world。' Bradley Hope, co-author of Billion Dollar Whale

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The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones。


We rarely stop to consider where they come from。 But we should。

In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources。

It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres。

And it is the story of how some traders acquired untold political power, right under the noses of Western regulators and politicians - helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring, and funnelling cash to Vladimir Putin's Kremlin in spite of strict sanctions。

The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works。

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'Blas and Farchy shine light on what's long been the financial markets' darkest corner - the crucial, yet underappreciated, role commodity traders play in global finance and geopolitics 。 。 。 The World For Sale is a fascinating, eye-opening read。' Gregory Zuckerman, author of The Man Who Solved the Market

'Javier Blas and Jack Farchy deftly peel back the curtain on the amoral swashbucklers of capitalism who trade in commodities 。 。 。 The World for Sale is a gripping account of how they achieved their stranglehold over the world economy, and their troubling influence on global politics。' Brad Stone, author of The Everything Store

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Reviews

Zac

Incredibly insightful story about commodity traders and how their story is interwoven with many of the political and economic developments of the 20th and 21st century。 Blas and Farchy make the book palatable and accessible to those with less experience in commodity trading。 I really enjoyed their deep dives on individuals in the industry, and how Phillip Brothers gave rise to many of the big players in the industry。 Well worth the read for anyone who is interested in learning more about the ind Incredibly insightful story about commodity traders and how their story is interwoven with many of the political and economic developments of the 20th and 21st century。 Blas and Farchy make the book palatable and accessible to those with less experience in commodity trading。 I really enjoyed their deep dives on individuals in the industry, and how Phillip Brothers gave rise to many of the big players in the industry。 Well worth the read for anyone who is interested in learning more about the industry 。。。more

Arup

Must read if you are interested in commodities - even if you only look at securities and not physical。 This is a first of a kind peek into the modus operandi of commodity traders and is replete with amazing stories。

Luke

Good, but could have been a lot more in-depth。

Don Kitson

Sort of like a documentary/history the world of commodity trading。 The period is the last 30 years。

Bert

Very interesting history of smart arbitrage and corruption

jaga

Interesting look at the history of the commodity traders, including their nefarious dealings with rogue states and other brushes with the law。 Explains a lot about the global economy and how the business has evolved from small-ish independent companies to global behemoths, some of which are publicly traded companies or operations within broader financial institutions。 Ties in nicely with many of the geopolitical crises over the years, such as the 1970’s oil embargo, the gulf wars, Russian oligar Interesting look at the history of the commodity traders, including their nefarious dealings with rogue states and other brushes with the law。 Explains a lot about the global economy and how the business has evolved from small-ish independent companies to global behemoths, some of which are publicly traded companies or operations within broader financial institutions。 Ties in nicely with many of the geopolitical crises over the years, such as the 1970’s oil embargo, the gulf wars, Russian oligarchs, etc。 。。。more

Ramya Sathyanarayanamoorthy

This was an amazing read。 I work in the world of commodities。 Hence, it was extra interesting and informative。

Neil Bradford

Simply excellent pacy story of commodity trading。

Will

This may be a business book, but the pages turn as easily as any airport thriller。 Farchy and Blas weave a compelling narrative from the rise of one of the most important, but least known, engines of the global economy: the commodity traders who buy and sell the raw materials vital to every day life, from crude oil to coffee。 They include men (and they're all men) like the late Marc Rich, the godfather of the industry who made a fortune selling Iranian oil to South Africa in the 70s and 80s, but This may be a business book, but the pages turn as easily as any airport thriller。 Farchy and Blas weave a compelling narrative from the rise of one of the most important, but least known, engines of the global economy: the commodity traders who buy and sell the raw materials vital to every day life, from crude oil to coffee。 They include men (and they're all men) like the late Marc Rich, the godfather of the industry who made a fortune selling Iranian oil to South Africa in the 70s and 80s, but became a fugitive from U。S。 justice。 The book is full of eye-popping examples of unscrupulous business practice -- suitcases stuffed with cash and ships sailing incognito -- and high-stakes deals that hit the jackpot, like buying million of tons of aluminum from the mafia-ravaged wreckage of post-Soviet Russia。 But the wonderful anecdotes all add up to a bigger story about how globalization brought huge power and wealth to ambitious men willing to take risks in the wild frontiers of the world economy。 If you're interested in the nexus of money, power and geopolitics, this is a must read。 。。。more