Endgame

The End of The Debt Supercycle And How It Changes Everything

By: John Mauldin

Narrated by: Sean Pratt

Length: 9 hrs and 40 mins

Publisher's summary

"We all know we have seen the end of an era, and now we have courtside seats to watch the Endgame unfold. We are watching the end of Act I: The Debt Supercycle. Now we will get to see how Act II: The Endgame plays out."—John Mauldin & Jonathan Tepper (Chapter 1)

Hundreds of books have been written about the financial crisis that engulfed the world after Lehman Brothers went bankrupt. But what if the bigger financial crisis is ahead of us, not behind us? As John Mauldin and Jonathan Tepper deftly illustrate in this controversial audio book, the crisis was more than a half-century in the making. The Great Financial Crisis, however, was merely Act I. Act II has now begun.

The massive household deleveraging and historic shift of private debt onto government balance sheets now underway all over the world represents the end of a 60-year global Debt Supercycle. We have now entered the Endgame, a time when bankruptcies and defaults (disguised as "restructuring") will not be of households and companies but of governments. The stakes are now higher. The coming crises will offer policymakers few good choices and many bad ones. It will require extraordinary clarity and courage from leaders, courage that so far is largely completely lacking. Yet, despite the authors' dark forecast, the message in Endgame is not all gloom and doom. The book lays out positive steps governments can take to weather the worst of the stormy days ahead, minimize the inevitable pain and discomfort most of us can expect to experience, and chart a bold new course to sustained economic growth and prosperity. It also offers investors an abundance of useful analysis and expert advice on how to protect their assets during the worst of it and prosper from the many new opportunities that will emerge globally as they present themselves.

In Part 2, the authors take listeners on a country-by-country tour—including the United States, UK, European countries, and Japan—clearly explaining the problems each country faces, as well as the good and bad policy options open to each, and the investment pitfalls and opportunities likely to be found in each national economy.

Whether you call it the Great Recession, the Great Financial Crisis, or the Global Debt Crisis, what we are experiencing is unlike anything seen in 80 years. Now is not the time to succumb to panic and superstition. It is a time for courage and intelligent decision making informed by the brand of rational analysis and wisdom you'll find in Endgame.

©2011 John Mauldin (P)2011 Gildan Media Corp

good read so far some right calls some bad.

its past the time of this books audience. however it has some gems of economic knowledge. being optimistic they think grand of the future some of which is now and the reality much like project 2000 it was long on hope and very short on recognizing the economic will to hold back inovation.

Layman's explanation of debt crisis; it's not over

This book gives the listener an explanation of the the 2008 debt crisis and how ongoing economic policies in most of the advanced countries are further deepening the problem. It is a very well done documentary-type book with numerous references to other studies, yet is very easy to understand and is actually entertaining. I will have to buy the actual book just for reference.
I read the "Economist" every week and thought I had a handle on the debt crisis for most countries, but this book lays it all out in easy to understand cause and effect terms. Highly recommended!

WOW !!

Any additional comments?

Enjoyed very much performance and all the information has been shared by author .
I have better understanding of almost everything what has an impact on mine and other people life's . Easy to understand and apply some adjustments .
Very grateful for this education and I think every American Citizen should know this book.

An Educational Fear Ride

At first I was turned off by this book. In the first part of the book the author treats the reader like a third grader. In a section entitled ???Why Greece Matters??? the author, in a letter which he apparently wrote to his own children, first begins with a 15 minuet preamble where he repeatedly stresses that he is about to tell us why Greece matters. I couldn???t bear it any longer, so I left the book alone for a couple of months. Finally after finishing other similarly themed books such as The Real Crash by Peter Schiff, which by the way makes many of the exact same arguments, I decided to keep reading. I was pleasantly surprised. The book is actually filled with all kinds of in-depth and interesting details about market risks, debt troubles, inflation and deflation possibilities. It also includes some very specific predictions country by country towards the end. It seems that the authors??? are just not use to relating their knowledge to a general audience.

A bit dry but very interesting...

Mauldin's views are fascinating and hopefully not a future prediction... but good to know just in case.

Important to know

Would you recommend this audiobook to a friend? If so, why?

Yes. The audiobook provides important insights to the state of the world.

Was this a book you wanted to listen to all in one sitting?

Yes

Any additional comments?

I recommend the book to all.

Most Important Book I Have Read In 30 Years

This book is without question one of the most important books I have ever read.
If you vote, care about the future value of your savings/investments, and/or
care about the economic future of your children & grandchildren, read it.
Then, if you agree with me about its value, send it to your Federal
Representatives. It is a fascinating "world tour" of our Macro Economic
future, is easy to read and understand, written for a broad audience.

There's never been a more timely and useful book

Would you listen to Endgame again? Why?

Yes, and again and again and again. Very dense with information and the more time that passes, the clearer it becomes that his forecasts are coming true.

Any additional comments?

This is a sobering book about the reality of the unwinding of the global debt that has accumulated over the last 50-odd years, which both explains how we got there (without pointing political fingers) and describes the road ahead for regions around the world. While Mauldin does his best to end on a high note, the assessment of the dramatic change in how we've been living for the last several decades are alarming even for those who've been trying to keep up with current events. Mauldin explains how the wealth and prosperity of the last several decades was created and how there are few options going forward to preserving the affluence we've been accustomed, at least in the short to mid-term 5-10 years.

The information he provides is useful and when combined with common sense strategies for minimizing debt and asset protection, can be very helpful looking forward.

Eye Opening!

I will likely have to listen to it more again to absorb even more but even though some of the higher concepts of macro-economics were outside if my expertise, he does present it in a way that your average college student can understand.

is there an endgame?

What did you like best about Endgame? What did you like least?

Informative ,truthful to the point. Its still opinions, I'm personal looking for answers. But only end up with more questions

What was your reaction to the ending? (No spoilers please!)

having more questions