Close the Federal Reserve, Institute Debt-Free Currency

All money is created as a debt. The US Gov't requests a loan from the Federal Reserve and they provide the principal as well as place interest on the loan. The loan is to be paid back, principal and interest in full. However, they can only create the principal of the loan. Therefore, in a closed economy the interest can never be repaid and we are forced to rely on a global economic structure. We need to abolish money as it exists currently, and create a new debt-free based economy where the US govt controls it's own money, not a privately held company. In doing this we could stabilize the world economy as well as revaluate the USD.I ask President Obama to break our bonds to the Federal Reserve and establish in it's place a Treasury Bank to create our Nation's currency, and hold our assets.