jim willie's latest ... spot on

I notice the US dollar is getting hit today, starting in Asia. Already down about 1% against the euro which is over 1.42.

In "Imminent Erosion of USDollar Seawall" Jim Willie wrote:

"The USDollar is vulnerable here and now, as a new wave of bank losses is imminent from numerous types of mortgages along with some basic types. Let's see if the grapevine is correct, that the USDollar will begin to see a trashing initiative starting this weekend, out of Asia. They must be impatient beyond description. This autumn is expected to see some rather tumultuous events unfold, as the US financial structures are breaking across most of its ramparts even as loyalty to it is fading like a mist. There will be no return to the US of yesteryear, only a tragic march. Even the venerable Goldman Sachs seems under fire, for alleged NYSE tracking software with the potential for market manipulation."

Full article at http://www.gold-eagle.com/editorials_08/willie071609.html