Editor, Gazette-Journal:

May I please offer another view in response to "It’s tin-foil hat time, again" (G-J editorial, Jan. 31 issue)? This editorial fails to take into consideration some rather pertinent facts in regards to the current financial condition of this nation.

Since 2008, the currency in circulation has tripled. The national debt exceeds $16 trillion. America is experiencing trillion-dollar deficits. Congress is unable to curb spending or to pass a budget. Since 1971, the dollar has not been backed by anything of value other than the full faith and credit of the federal government, which, by the way, is bankrupt. With 40 cents of every dollar spent by the federal government having been borrowed or created, how much longer can this charade continue?

I believe the historical record clearly illustrates the fallacy of fiat currencies. No fiat currency has ever endured beyond a century. Unfortunately, America has had ample experience with fiat currencies. A few of...