{"id":101740,"date":"2021-12-23T10:10:04","date_gmt":"2021-12-23T14:10:04","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=101740"},"modified":"2021-12-23T10:11:04","modified_gmt":"2021-12-23T14:11:04","slug":"beware-imf-world-bank-10-countries-held-a-simulation-of-global-financial-system-collapse","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=101740","title":{"rendered":"

BEWARE!<\/b> IMF, World Bank & 10 Countries Held A ‘Simulation’ Of Global Financial System Collapse<\/h2>"},"content":{"rendered":"

Technocrats At IMF, World Bank
\nPlus 10 Countries Held Alarming \u201cSimulation\u201d Of Global Financial
\nSystem Collapse<\/strong><\/h1>\n

\"\"<\/p>\n

POSTED BY: VIA ZEROHEDGE<\/p>\n

\n
\n

Just as the Great Panic of 2020 pandemic was carefully scripted with Event 201 in October 2019, a cyber-attack induced collapse of the global financial system has just concluded with the direction of the Technocrat-laden IMF and the World Bank. Skeptics are greatly concerned that this could turn out to be another self-fulfilling prophecy.<\/h3>\n
\n

In order for Technocracy to rise, the current economic order must die. This was the case during the Great Depression when Technocracy was first codified by scientists and engineers at Columbia University. A global financial collapse would drive billions to the streets causing unprecedented conflict and loss of life at the hands of authoritarian tyrants. \u2043 TN Editor<\/p>\n<\/div>\n

Earlier this month\u00a0Reuters\u00a0<\/em>produced a report which didn\u2019t receive nearly enough attention among the American public \u2013 its contents would be sure to alarm most people concerned with the outbreak of yet more \u2018global catastrophes\u2019. At the very least it\u2019s curious timing: amid the recent pandemic induced disruption in global supply chains,\u00a0powerful nations and banking institutions decided to get together to run a global economic collapse scenario<\/strong>.<\/p>\n

The report\u00a0described that<\/a>\u00a0Israel led a \u201c10-country simulation of a major cyber attack on the global financial system<\/strong>\u00a0in an attempt to increase cooperation that could help to minimize any potential damage to financial markets and banks.\u201d It was centered on a catastrophic scenario in which \u201chackers were 10 steps ahead of us,\u201d according to one official who took part.<\/p>\n

Dubbed\u00a0\u201cCollective Strength\u201d, the exercise was held in Jerusalem (after being moved from the original proposed location of Dubai) and included the participation also of the\u00a0United States, UK, United Arab Emirates, Austria, Switzerland, Germany, Italy, the Netherlands and Thailand. Officials from the\u00a0International Monetary Fund (IMF), World Bank and Bank of International Settlements<\/strong>\u00a0were also involved.<\/p>\n

The financial-geopolitical gaming simulation was set amid a scenario where sensitive data was\u00a0leaked on the Dark Web, which combined with \u201cfake news\u201d reports going viral across societies<\/strong>, 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\u00a0Reuters<\/em>.<\/p>\n

The simulation set out a severe crisis period lasting\u00a0about a week-and-a-half. Events were guided by a film and narrator which related the fast moving\u00a0\u2018live\u2019 events<\/a>\u2026<\/p>\n

\u201cThese events are creating havoc in the financial markets,\u201d<\/strong>\u00a0said a narrator of a film shown to the participants as part of the simulation and seen by Reuters.<\/em><\/p>\n

Further the report detailed of the simulation hosted under the aegis of\u00a0Israel\u2019s Finance Ministry:<\/p>\n

\u201cThe banks are\u00a0appealing for emergency liquidity assistance in a multitude of currencies to put a halt to the chaos as counterparties withdraw their funds<\/strong>\u00a0and limit access to liquidity leaving the banks in disarray and ruin,\u201d the narrator said.<\/em><\/p>\n

The participants discussed multilateral policies to respond to the crisis, including\u00a0a coordinated bank holiday, debt repayment grace periods, SWAP\/REPO agreements and coordinated delinking from major currencies<\/strong>.<\/em><\/p>\n

Ostensibly what was a \u201csuccessful\u201d ten day exercise was aimed toward each country being prepared to contain\u00a0the 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\u00a0prevent total collapse of the global (or perhaps rather Western-led) financial system.<\/p>\n

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\u00a0\u201cin a real cyber attack situation governments would take action more quickly than in the simulation,\u201d according to Reuters. \u201cOne European financial official said that in the case of such of an attack, his country would not wait 10 days to act.\u201d<\/p>\n

However,\u00a0we doubt much of the Western public will feel \u201ccomforted\u201d by global elites engaged in a simulated global meltdown \u2018readiness\u2019 scenario<\/strong>. Again, as if 2020 and 2021 under the pandemic weren\u2019t enough of a \u201creal world\u201d disaster and crisis scenario, one questions the need to game out a \u2018pretend\u2019 scenario in the first place.<\/p>\n

Read full story here\u2026<\/a><\/p>\n

___
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Technocrats At IMF, World Bank Plus 10 Countries Held Alarming \u201cSimulation\u201d Of Global Financial System Collapse<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-101740","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/101740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101740"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/101740\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}