Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By 21st Century Wire
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

International Finance Leaders Meet to ‘War Game’ a Global Financial Collapse

% of readers think this story is Fact. Add your two cents.


Remember Event 201? It was the tabletop ‘global pandemic’ exercise hosted by Johns Hopkins University just weeks before the globalists’ COVID-19 campaign was launched in late 2019. The sponsors of that event include many of the greatest beneficiaries and power-brokers of the new pandemic economy.

For this reason, it is vitally important to pay close attention to these high-level ‘war gaming’ confabs…


By Michael Nevradakis, Ph.D.

High-level international banking officials and organizations last month gathered in Israel for a global “war game” exercise simulating the collapse of the global financial system.

The tabletop exercise was reminiscent of “Event 201” — the pandemic simulation exercise that took place in October 2019, shortly before COVID-19 entered the global scene.

The “Collective Strength” initiative was held for 10 days, beginning Dec. 9, 2021, at the Israeli Finance Ministry in Jerusalem. It was relocated to Jerusalem from the Dubai World Expo over concerns about the Omicron variant.

Israel led a 10-country contingent that also included treasury officials from the U.S., Austria, Germany, Italy, the Netherlands, Switzerland, Thailand and the United Arab Emirates.

Representatives from supranational organizations, such as the International Monetary Fund (IMF), World Bank and Bank of International Settlements (BIS), also participated.

Described as a simulated “war game,” the exercise sought to model the response to various hypothetical large-scale cyberattacks on the global financial system, including the leaking of sensitive financial data on the “Dark Web,” hacks targeting the global foreign exchange system, and subsequent bank runs and market chaos fueled by “fake news.”

However, the main theme of “Collective Strength” appears not so much the simulation of such cyberattacks but, as the name of the initiative implies, the strengthening of global cooperation in cybersecurity and the financial sector.

As reported by Reuters, participants in the simulation discussed multilateral responses to a hypothetical global financial crisis.

Proposed policy solutions included debt repayment grace periods, SWAP/REPO agreements, coordinated bank holidays and coordinated delinking from major currencies.

The idea of simulated delinking from major currencies raised some eyebrows because of its timing — on the same day participants gathered to launch “Collective Strength,” reports circulated that the Biden administration was considering removing Russia from the global electronic-payment-messaging system known as SWIFT, short for Society for Worldwide Interbank Financial Telecommunication.

This measure would be part of a package of economic sanctions the U.S. would levy against Russia should it attack Ukraine.

However, what may raise even more eyebrows is the list of participants in the “Collective Strength” simulation, which includes: the IMF and World Bank, and indirectly, the World Economic Forum (WEF).

It was the WEF, along with the Bill & Melinda Gates Foundation and the Johns Hopkins Bloomberg School of Public Health, which ran the simulated “Event 201” in October 2019.

As previously reported by The Defender, the WEF also supported the development of financial instruments, such as credit and debit cards, that would track “personal carbon allowances” on an individualized basis.

An executive summary issued in November 2020 by the Carnegie Endowment for International Peace, in collaboration with the WEF, provided a rundown of just the type of scenario that was simulated as part of “Collective Strength.”

The report’s authors, Tim Maurer and Arthur Nelson, described a world whose financial system is undergoing “an unprecedented digital transformation … accelerated by the coronavirus pandemic.”

In such a world, the authors argued, “cybersecurity is more important than ever.”

Describing protection of the global financial system as an “organizational challenge,” the report pointed out there is no clear global actor in charge of protecting the global financial system or its digital infrastructure.

The executive summary went so far as to describe a “disconnect between the finance, the national security and the diplomatic communities.”

The solutions identified by Maurer and Nelson included:

  • The need for “greater clarity” regarding roles and responsibilities
  • Bolstering international cooperation
  • Reducing fragmentation and increasing “internationalization” among “siloed” financial institutions
  • Developing a model that can then be used in unspecified “other” sectors.

But which “other” sectors?

This set of recommendations was classified by the authors in their report under “Digital Transformation: Safeguard Financial Inclusion.”

One such recommendation reads as follows:

“The G20 should highlight that cybersecurity must be designed into technologies used to advance financial inclusion from the start rather than included as an afterthought.”

Technology that is “used to advance financial inclusion from the start” would appear to include digital “health passports” and accompanying “digital wallets.”

It also seems to be aligned with the United Nations’ Sustainable Development Goals — in particular, Goal 16.9, which calls for the provision of a digital legal identity for all, including newborns, by 2030.

Goal 16.9 also brings to mind the European Union’s insistence that its vaccine passport, the so-called “Green Pass,” which is used in numerous European countries to bar the unvaccinated and those with natural immunity from all sorts of public and private spaces, protects individuals’ privacy.

In a further connection between two distinct issues — security of the global financial system and public health — the GAVI Vaccine Alliance called for “innovations that leverage new technologies to modernize the process of identifying and registering the children who are most in need of life-saving vaccines.”

However, the use of these technologies would not stop with registering childhood vaccinations. GAVI described potential uses of these “new technologies” as encompassing “access to other services,” including the broadly defined “financial services.”

The authors of the Carnegie Endowment executive summary mirrored their proposals in a spring 2021 article that appears on the IMF’s website, although issues of “financial inclusion” are left out.

While the two authors of the Carnegie report, and the participants in the “Collective Strength” initiative, emphasize the need for the financial system and its digital data to be better protected, it remains unclear how a continued transformation toward a fully digital, cloud-based environment can indeed be considered “secure.”

Consider, for instance, the following remark by Micha Weis, financial cyber manager at the Israeli finance ministry, in reference to “Collective Strength”: “[a]ttackers are 10 steps ahead of the defender.”

Such words don’t offer much comfort to those who are already wary of “FinTech,” or the increasing proximity between “Big Tech” and “Big Finance.”

Similarly, yet another “simulation” of a large-scale and destructive global catastrophe will, for some, bring back recollections of “Event 201” and what followed thereafter — infamously described on March 20, 2020, by then-U.S. Secretary of State Mike Pompeo as a “live exercise.”

This article was originally published at Childrens Health Defense

READ MORE FINANCIAL NEWS AT: 21st Century Wire Financial Files

PLEASE HELP SUPPORT OUR INDEPENDENT MEDIA PLATFORM HERE

ALSO JOIN OUR TELEGRAM CHANNEL

Restore Your Health - Clive de Carle's Natural Vitamin & Mineral Supplements
Get Clive de Carle’s Natural Health essentials of the finest quality, including vitamin & mineral supplements here.

21st Century Wire is an alternative news agency designed to enlighten, inform and educate readers about world events which are not always covered in the mainstream media.



Source: https://21stcenturywire.com/2022/01/11/international-finance-leaders-meet-to-war-game-a-global-financial-collapse/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.