U.S. Treasury Payment App

Petition Closed

U.S. Treasury Payment App

This petition had 2 supporters

Max Funk started this petition to President Barack Obama

Establishing Public Independence 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.

Petition Closed

This petition had 2 supporters