The Point Of No Return(s) Authored by James Rickards via DailyReckoning.com, Should the U.S. national debt be considered an actual crisis? Does it have the destructive power of a hurricane, tornado, earthquake or other crisis? The short answer is yes but the full explanation requires a financial history lesson. The first point to understand is that debt can be good or bad. Deciding which depends on two criteria: What is the cost of the debt relative to the returns that can be gained from investing it wisely? And what is the size of the debt relative to the income available… — Continue at ZeroHedge News : Read More
