Bernanke to Congress: Destruction closer than you think

Even Bernake is admitting that if congress doesn't start cutting spending like Ron Paul has been suggesting... we're doomed.

CNBC Reports:

Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them.

Continue:

http://www.cnbc.com/id/41491193/Bernanke_to_Congress_We_re_M...

I realize this was reported in Feb. 2011. The fact that nothing has been done to address his and our concerns makes it even more relevant today.

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BRICS (Brazil, Russia, India, China and South Africa) Move to Unseat US Dollar as Trade Currency

South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies.

Thus, the nation is expected to become party to endorsing the Chinese currency, the renminbi, as the currency of trade in emerging markets.

This means getting a renminbi-denominated bank account, in addition to a dollar account, could be an advantage for African businesses that seek to do business in the emerging markets.

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