I really don’t see how this funny money bailout is going to work and if we are really “days away” from a complete and total collapse then that must mean that a new currency will be needed to restore the financial system.  It can’t simply be a new $100 bill printed with Hank Paulson’s picture either, it will have to be some type of IOU that is actually backed by something: gold, oil, copper, etc.

The most obvious choice is gold since it has served as a form of money for thousands of years and it makes sense that gold should come back in fashion by now anyway.    The only problem however is that there isn’t enough gold in the Treasuries reserve to make a currency viable based on this particular precious metal so it seems inevitable that gold seizures will spring up.

I’m actually amazed that the current bill to fix this crisis doesn’t have a clause in there giving the Treasury power to confiscate gold.   Oh well, prepare for the worst now ’cause it’s coming….you gotta keep one step ahead you bloody blokes!