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The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources-Javier Blas,Jack Farchy

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Meet the traders who supply the world with oil, metal and food - no matter how corrupt, war-torn or famine-stricken the source. 'Gripping' Economist 'Jaw-dropping' Sunday Times 'Riveting' Financial Times 'Fascinating' Reuters A Financial Times Best Summer Read 2021. __________________________ 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. __________________________ 'This jaw-dropping study shows how much money and global influence is concentrated in the hands of a tiny group . . . A remarkable book . . . As the authors roam from oilfield to wheatfield, they reveal information so staggering you almost gasp.' SUNDAY TIMES 'Rollicking yarns from the biggest ever commodity boom . . . The high level narrative is gripping enough. But it is the details of what these freewheeling companies actually got up to that give the book a thriller-like quality . . . Educational and entertaining.' FINANCIAL TIMES 'A fascinating and revealing story . . . There are tales in the book of breathtaking trades, such as shipments of rebel oil from war-torn Libya or deals bartered amid the brutal "aluminium wars" in the Russia of the 1990s.' ECONOMIST 'A globe-spanning corporate thriller, full of intrigue and double dealing . . . Changes how we see the world, often in horrifying ways . . . New insights and reporting mean that even seasoned observers will be amazed.' SPECTATOR 'Javier Blas and Jack Farchy should be awaiting the call from Hollywood. The World for Sale contains at least half a dozen narrative threads that would form the basis of a good thriller. But the authors' main achievement is to subject the biggest commodity players, and their impact on the real world, to proper critical scrutiny.' REUTERS '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 'The definitive, eye-opening story of the most powerful and secretive traders in the world.' BRADLEY HOPE, co-author of Billion Dollar Whale 'If you have the slightest interest in how the modern world was made, by whom, at what price, and at what profit, this is the book for you . . . Superbly researched.' FOREIGN POLICY '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 'Some of the stories could be straight out of John Le Carré. The difference is they're true . . . Fascinating.' ANDREW NEIL

Book The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources Review :



I preordered this book and waited with great anticipation; it did not disappoint. Blas and Farchy of Bloomberg, two of the leading energy and commodity reporters in the world, take readers deep inside the world of commodity trading - chronicle commodity trading's rise from a boring backwater to kingpin status.The highly accessible and an enjoyable read for industry experts and laypersons alike. The narrative stands riveting, keeping the reader in suspense and thirsty for more. Better still, everything in the book actually happened.Without a doubt, this will be lauded as a critical work in the years to come and be required reading for traders, bankers and business schools around the globe.I just wish there was another volume.Bravo to Blas and Farchy on a stellar work.
You'll hardly gain any new information if you've already read The King of Oil and/or Metal Men, as Marc Rich's story seemingly takes up the majority of the book. You'll gain even less info if you've kept up with news on the physical commodities trading industry over the last few years, as much of the remainder of the book simply rehashes the publicly known dealings of Glencore, Vitol, Trafi, Mercuria and Cargill in the 21st century.

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