The most powerful players in the banking industry have shown themselves to be a politicized arm of Washington. This collusion has occurred outside of any judicial or administrative process. The reach of these companies is global and violates the most basic principles of sovereignty. In Europe, VISA and MasterCard together control 97% of the card payment market. Alternatives have been aggressively opposed by VISA and US embassies. The European Central Bank announced plans in 2008 to introduce a European card system. A similar 2010 proposal in Russia together with a bill banning individualized VISA transaction records from going to the US were met with intervention by the US Embassy in Moscow. VISA calls itself the world’s largest currency, but every transaction is controlled by the VISA corporation and the groups that influence it. VISA is a national security problem and a threat to state sovereignty. No state, individual or organization has full economic autonomy or privacy if they rely on VISA. It is able to provide significant intelligence on not only individual behaviour and economic relationships but on large sections of the entire microeconomy and the movement of labour.