RE:FYI, from Armstrong, re the repo crisisI completely agree that the Fed and other central banks are trapped, and that a crisis will arise when the US and other major economies face the reality that they must either raise interest rates significantly and utterly destroy their economies, or return to a gold standard of some kind. There is no other option. I suspect that, when politicians see how much rates would have to go up to shore up their currencies and deal with the inevitable inflation, a return to a gold standard instead will look pretty darned appealing.