Technocrats At IMF, World Bank Plus 10 Countries Held Alarming “Simulation” Of Global Financial System Collapse

Collapse, illustrative image via Reuters
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Just as the Great Panic of 2020 pandemic was carefully scripted and simulated by Event 201 in October 2019, a drill of a cyber-attack induced collapse of the global financial system was recently held under the direction of the Technocrat-laden IMF and World Bank. Skeptics of the latest exercise are greatly concerned that it too, could turn out to be another self-fulfilling prophecy.

In order for Technocracy to rise, the current economic order must die. This was what happened during the Great Depression when Technocracy was first codified by scientists and engineers at Columbia University. Today, a global financial collapse would drive billions to the streets causing unprecedented conflict and loss of life at the hands of authoritarian tyrants. ‚ĀÉ TN Editor

Earlier this month¬†Reuters¬†produced a report which didn’t receive nearly enough attention among the American public – its contents would be sure to alarm most people concerned with the outbreak of yet more ‘global catastrophes’. At the very least it’s curious timing: amid the recent pandemic induced disruption in global supply chains,¬†powerful nations and banking institutions decided to get together to run a global economic collapse scenario.

The report¬†described that¬†Israel led a “10-country simulation of a major cyber attack on the global financial system¬†in an attempt to increase cooperation that could help to minimize any potential damage to financial markets and banks.” It was centered on a catastrophic scenario in which “hackers were 10 steps ahead of us,” according to one official who took part.

Dubbed¬†“Collective Strength”, the exercise was held in Jerusalem (after being moved from the original proposed location of Dubai) and included the participation also of the¬†United States, UK, United Arab Emirates, Austria, Switzerland, Germany, Italy, the Netherlands and Thailand. Officials from the¬†International Monetary Fund (IMF), World Bank and Bank of International Settlements¬†were also involved.

The financial-geopolitical gaming simulation was set amid a scenario where sensitive data was¬†leaked on the Dark Web, which combined with “fake news” reports going viral across societies, resulting in the collapse of global markets and an ensuing run on banks. Further, the simulation envisioned a series of devastating hacks targeting global foreign exchange systems, which also disrupted transactions between importers and exporters, according to¬†Reuters.

The simulation set out a severe crisis period lasting¬†about a week-and-a-half. Events were guided by a film and narrator which related the fast moving¬†‘live’ events

“These events are creating havoc in the financial markets,”¬†said a narrator of a film shown to the participants as part of the simulation and seen by Reuters.

Further the report detailed of the simulation hosted under the aegis of¬†Israel’s Finance Ministry:

“The banks are¬†appealing for emergency liquidity assistance in a multitude of currencies to put a halt to the chaos as counterparties withdraw their funds¬†and limit access to liquidity leaving the banks in disarray and ruin,” the narrator said.

The participants discussed multilateral policies to respond to the crisis, including a coordinated bank holiday, debt repayment grace periods, SWAP/REPO agreements and coordinated delinking from major currencies.

Ostensibly what was a “successful” ten day exercise was aimed toward each country being prepared to contain¬†the global damage coming from some kind of major cyber event or threat. The key takeaway was that only through rapid global cooperation and open communication among nations, would there be opportunity to¬†prevent total collapse of the global (or perhaps rather Western-led) financial system.

Interestingly, some participants said in reality they would in reality move faster than in the simulation in the instance of a cyber disruption of that scale. They said¬†“in a real cyber attack situation governments would take action more quickly than in the simulation,” according to Reuters. “One European financial official said that in the case of such of an attack, his country would not wait 10 days to act.”

However,¬†we doubt much of the Western public will feel “comforted” by global elites engaged in a simulated global meltdown ‘readiness’ scenario. Again, as if 2020 and 2021 under the pandemic weren’t enough of a “real world” disaster and crisis scenario, one questions the need to game out a ‘pretend’ scenario in the first place.

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About the Author

Patrick Wood
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
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CAWS

This is the final solution for the elite. They really don’t even need the clot shot. Once we have centralized crypto currency they just shut you out of your account if you don’t do their bidding. How can they say on the one hand that the systems will collapse from cyber attacks and then try to make all our money digital? It not only leaves us more vulnerable to hacking but gives banks complete control of our lives. Has anybody noticed that cash is disappearing? Will they make large bills worthless like they did in India? 1.2 billion people with… Read more »

Patriot B

Our money is already worthless. It’s not got any more value than a Rothschild. It only holds value because someone deemed that it did. We need precious metal backed money again.

Manuela Alexandrescu

What exactly does disconnecting from major currencies mean?

jayson

in that context, it seems like it could only mean decoupling from the US dollar? since major currencies aren’t pegged to anything else nowadays.

Manuela Alexandrescu

What can we do, should we have cash in the house as an immediate measure?

Erik Nielsen

Be as independent as possible. Secure emergency utilities are established, something physical of value to barter with in house: Cash, gold, silver, m.m.

jayson

ideally yes. a lot of people believe dollars will still work for a while even if there’s financial turmoil. and since a lot of people believe that, it should work. but if it’s a very serious problem, they might not last that long. hopefully it’ll be enough to fill up your tanks and buy supplies.