Bernanke urges nations to help ease trade gaps

The consequences of an excessive debt burden debt translated into trade/currency imbalances. The more things change, the more they stay the same.

Federal Reserve Chairman Ben Bernanke on Friday urged countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis.

He also called on nations with persistent trade deficits like the United States to narrow their budget shortfalls and save more.

Sources: finance.yahoo.com