Endgame

Praise for Endgame

"This is an extremely powerful, sobering, well-written and
highly accessible book. It will demonstrate to you why there are no
painless solutions to the mounting debt problems around the
world--something that too many people are yet to realize. It
will take you on a well-documented journey through the debt
supercycle, making stops around the world and at critical
junctures. And it is a must-read for anyone wishing to understand
the global debt dynamics and ways to protect against its bad
consequences."

--Mohamed A. El-Erian, CEO, PIMCO, and author of When
Markets Collide

"No one has thought more creatively about the economy. Mauldin's
weekly newsletter is a must-read, and his book is even more
important if you want to understand a rapidly changing
world."

--Newt Gingrich, Former Speaker of the House of
Representatives

"Successful investors explore all possibilities. You should read
this book so you can succeed in case the Endgame is our
future."

--Jim Rogers, author of A Gift to My Children

"I read everything John Mauldin writes. He travels the world and
shares his financial stories like a good friend sharing a drink.
Mauldin is that rarity--a skeptical optimist--who calls 'em
straight and rewards his clients and fans."

--Rich Karlgaard, Publisher and Columnist, Forbes
magazine

"There's clearly something important going on in the world
economy. Something big. Something powerful and dangerous. But
something as yet undefined and uncertain. We are all feeling our
way around in the dark, trying to figure out what it is. John
Mauldin must have night vision glasses. He does an excellent job of
seeing the obstacles. You should read this book before you knock
over a lamp and stumble over the furniture."

--William Bonner, President and CEO, Agora Inc. , and
author of Dice Have No Memory and Empire of Debt

"Endgame is not only a highly readable and informative account
of the causes of the recent global economic and financial meltdown,
but it also provides investors with a concrete investment strategy
from which they can benefit while this final act in financial
history is being played out."

--Marc Faber, Managing Director, Marc Faber, Ltd. , and
Editor, Gloom, Boom & Doom Report

1;Endgame: The End of the Debt Supercycle and How It Changes Everything;7 2;Contents;13 3;Preface;15 4;Acknowledgments;19 5;Introduction: Endgame;21 6;Part One: The End of the Debt Supercycle;31 6.1;Chapter 1: The Beginning of the End;35 6.2;Chapter 2: Why Greece Matters;51 6.3;Chapter 3: Lets Look at the Rules;65 6.4;Chapter 4: The Burden of Lower Growth and More Frequent Recessions;93 6.5;Chapter 5: This Time Is Different;111 6.6;Chapter 6: The Future of Public Debt: An Unsustainable Path;129 6.7;Chapter 7: The Elements of Deflation;153 6.8;Chapter 8: Inflation and Hyperinflation;177 7;Part Two: A World Tour: Who Will Face Endgame First?;195 7.1;Chapter 9: The United States: The Mess We Find Ourselves In;201 7.2;Chapter 10: The European Periphery: A Modern-Day Gold Standard;235 7.3;Chapter 11: Eastern European Problems;253 7.4;Chapter 12: Japan: A Bug in Search of a Windshield;267 7.5;Chapter 13: The United Kingdom: How to Quietly Inflate Away Your Debt;281 7.6;Chapter 14: Australia: Could It Follow in Irelands Footsteps?;293 7.7;Chapter 15: Unintended Consequences: Loose Monetary Policies and Emerging Markets;303 8;Conclusion: Investing and Profiting from Endgame;313 9;Epilogue: Some Final Thoughts;317 10;Notes;321 11;About the Authors;329 12;Index;331