Internet petitions are useless, of course, but if we're not going to do what we all know we really should be doing in order to resist, due to to our laziness, our lack of physical courage, and our general lack of moral fiber, then they're as good a form of conscience-salving going through the motions as any.
You may want to read some of the the comments of the petitioners to get a fix on the current situation in Iceland. If Iceland's citizens don't bail out the private banks that got them into this pickle it might send a message to the rest of the world, not to mention the country's Jewish first lady. http://en.wikipedia.org/wiki/Dorrit_Moussaieff
Save the People of Iceland - the Official Petition
The people of Iceland must be internationally supported, so they can feel safe in voting down debt-slavery. If Iceland falls, it won't be long before other countries suffer similar financial extortion.
Normally I do not bother with petitions, because in a nation with rigged elections, the government just ignores them. But in this case, I feel that a visible public expression of peaceful non-cooperation with the printers of pretty pieces of paper (henceforth known as the PPPP) is needed.
The Icelanders didn't create these debts, the debts were created for them. And that seems to be the standard practice of these private central banks; to so contrive affairs that the politicians are either coerced or bribed into borrowing vast sums of pretty printed paper, then force the general population into debt servitude in perpetuity.
Remember, the trap of a reserve banking system is that the moment that first pretty printed paper goes into circulation, more money is owed the banks than is actually in existence, meaning the debts the people are plunged into can never be repaid.
If the money is imaginary, then so are the debts!