we petition the obama administration to:
End Legal Tender Laws & Allow for Competing Currencies

The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy. One Federal Reserve Note in 2011 has the same purchasing power as three cents in 1913. This massive fiat money inflation has negatively affected the standard of living of all Americans. The Fed's manipulation of interest rates also correlates directly to the boom & bust cycles in the economy, which has resulted in terrible mis-allocations of labor & capital.

The Fed has lost credibility and should not have a currency monopoly. Congress has left us in a very vulnerable position relying on the FRN. The time has come to allow for currencies such as gold, silver, bitcoin, and whatever the market will bear to compete with the Federal Reserve Note.
Created: Sep 26, 2011