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Earlier this month, the Reuters news agency released a report that did not get nearly enough public attention – its content would certainly alarm most people concerned about the outbreak of further “global catastrophes”.

At least the timing is strange: amid the recent pandemic disruption in global supply chains, powerful nations and banking institutions decided to band together to play out a scenario for the collapse of the global economy.

By doing Message It is described that Israel was “conducting a simulation of a major cyber attack on the global financial system with ten countries in order to strengthen cooperation that could help minimize the potential damage to financial markets and banks”.

The focus was on a disaster scenario in which “the hackers were 10 steps ahead of us,” said an officer who participated in the simulation.

The exercise, entitled “Collective Strength” took place in Jerusalem (after being relocated from the originally proposed location in Dubai) and also included the participation of the United States, the United Kingdom, the United Arab Emirates, Austria, Switzerland, Germany, Italy, the Netherlands and Thailand. Officials from the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements were also involved.

The financial and geopolitical game simulation took place in a scenario in which sensitive data is leaked on the dark web, which in combination with “fake news” that is spreading in societies leads to the collapse of global markets and a subsequent run on the banks .

In addition, the simulation envisioned a number of devastating hacks that targeted the global foreign exchange systems and also disrupted transactions between importers and exporters, according to Reuters.

A severe crisis lasting around one and a half weeks was simulated in the simulation. The events were accompanied by a film and a narrator who played the fast-moving events ‘live’ … (Crash ahead? The market strategist sees similar warning signs as before the dot-com bubble burst)

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These events are causing havoc in the financial markets, said a spokesman in a film shown to attendees as part of the simulation and seen by Reuters.

The report on the simulation, which took place under the auspices of the Israel Ministry of Finance, further states:

Banks are asking for emergency liquidity support in a variety of currencies to put an end to the chaos as counterparties withdraw their funds and restrict access to liquidity, causing confusion and ruin for banks, the narrator said.

Participants discussed multilateral measures to deal with the crisis, including coordinated bank holidays, grace periods, SWAP / REPO agreements and a coordinated decoupling from major currencies.

The supposedly “successful” ten-day exercise aimed to prepare every country to limit the global damage from a major cyber event or threat.The signs are pointing to a storm: financial crisis 2.0? Turkey 2021 and Lehman 2008)

The most important finding was that only through rapid global cooperation and open communication between nations can a complete collapse of the global (or perhaps more western-led) financial system be prevented.What follows on the collapse of the financial system, where central banks have created money out of nothing for over 100 years?)

Interestingly, some participants said that in the event of a cyber disruption of this magnitude, they would act faster in reality than in the simulation. They said that “in a real-world cyberattack situation, governments would act faster than they would in the simulation,” according to Reuters.

“A European tax official said that if such an attack were to occur, his country would not wait 10 days to act.

However, we doubt that much of the Western public will feel “comforted” by global elites grappling with a simulated scenario of global meltdown.

As if the years 2020 and 2021 in the context of the pandemic weren’t enough catastrophe and crisis scenarios in the “real world”, the question arises as to why a “simulated” scenario has to be played out at all.

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Sources: PublicDomain /zerohedge.com am 23.12.2021

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