The following petition will go live on the https://petitions.whitehouse.gov/ website once systemaccounting.org achieves its goal of 5,000 initial signatures:
Release a U.S. Treasury Payment App to separate the services of transacting & accounting from the business of "banking"
To promote the conditions that enable economic growth and stability, the federal government will begin phasing out its role of centralizing a "borrowing & lending" function in favor of supplying a system-wide measuring function that protects financial markets from privileged access, false information, and systemic-risk. The efficient allocation of capital depends on easily-accessible, verifiable rates of return; NOT legally-defined business models such as 12 U.S.C. § 1841 (c). Therefore, to protect the integrity of the financial system, the U.S. Treasury is instructed to release a payment app to the public that empowers individuals to pay one another directly through an accounting system instead of a "banking" system. Visit systemaccounting.org for a full demonstration & explanation.
*If you agree with the petition's statement, please scroll down and register to sign at the bottom, then use your Twitter and Facebook accounts to spread the word. Only an email address is required to register. Once the petition becomes available on the White House website, you will receive an email directing you to its location. Then, simply navigate to the live petition and sign.