Who controls the issuance of money controls the government!
New taxes are so unpopular that most 'social' handout schemes are originally enacted without enough increased taxation to pay for them. The result is chronic government deficits, paid for by the issuance of additional paper money.
The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.
It doesn't matter how good the card is if the issuance process is flawed.