Here is an excerpt form Jim Willie today followed by the opening paragraph and the website. Looks like the pressure building behind gold and silver must be developing like the ice jams on the Red River this morning…all the way from Fargo to north of Winnipeg. The snow melts in earnest starting Sunday. The water cresting doesn’t care what country it is in. Like gold, water seeks it’s own level.

“However, come the end of May/June/July 2009, the United States will be put through the meat grinder once and for all. You have no idea how pissed off the creditor nations are with the unmitigated arrogance and delusional bulxxhit coming out of Washington DC / Wall Street. I have never heard people be so furious and vocal on how the US needs to be dealt with from here on forward, as demonstrated during an early morning conference call we had with Europeans, including Russians and Asians. All on the call are heavy-duty decision makers.

China: Partner, Adversary

Jim Willie CB, GoldenJackass.com

-- Posted Friday, 27 March 2009 | Digg This Article | Source: GoldSeek.com

A crisis of global confidence in the USDollar is upon us. Foreigners have begun to lose respect for USGovt approach to problem solving, for US bank administration, and for USDollar custodial management. Foreigner creditors have suffered deep losses from fraudulent bond export, continue to sit atop mountains of US$-based debt securities, and watch current events in horror. The heap of moldy paper includes both USTreasury Bonds and USAgency Mortgage Bonds. Foreigner creditors see the USDollar valuation propped up by liquidation forces rather than USEconomic strength. Foreigner creditors see the USTBond yields forced down by liquidation forces rather than USGovt debt integrity. Foreigners are aghast at four new trends. They lose respect when the financial market rules change periodically, obviously to favor the insiders, elite, and connected. They lose respect when the approach taken by the Obama Admin is marred by lack of consistency, coordination, or even thorough research. They lose respect at the flow of $trillion$ in rescues and redemptions for failed institutions, most of which are responsible for the global crisis. They lose respect at the prospect of $trillion$ in ongoing federal budget deficits as far as the eye can see. They lose respect at the prospect of $trillion$ in monetized US$-based bonds, with the prospect of repeated announcements.

See…

http://news.goldseek.com/GoldenJacka...