Excerpted from another petition author: http://www.petitiononline.com/fedres/petition.html
This petition calls for the abolishment, by Congress of The Federal Reserve Act of 1913. To return all the rights and profits, from the creation of money, to the citizens and the U.S. Government. It is outrageous that private banks and the FED can create our money and collect interest on it. If we must pay interest, let it be the United States of America that receives it. Private banks create money out of thin air and enslave WE the People to a life of debt. If we are to be indebted let it be to our country and not the bankers. We must demand that their spending be audited, like their involvement in bailouts, political campaigns, real estate, insurance, foreign affairs, and war.