International finance leaders simulate a global financial meltdown. We need to worry?

Translation of the article by Michael Nevradakis, Ph.D and Independent Journalist from Athens, appeared in https://childrenshealthdefense.org/defender/leaders-war-game-exercise-global-financial-collapse/

Senior officials and international banking organizations met in December 2022 by a “war game” that simulated the collapse of the global financial system. The thing he remembered “Event 201”, l’esercizio di simulazione di una pandemia da Coronavirus che ? stato fatalmente poco dopo seguito dalla entrata globale in scena del COVID-19.

The simulation called “Collective strength” AND ? tenuta dal 9 DECEMBER 2021 presso il Ministero delle Finanze israeliano a Gerusalemme ed ? durata 10 days E.’ was moved to Jerusalem from the Dubai World Expo due to concerns about the Omicron variant.

Israel led a contingent of 10 countries which also included US Treasury officials, Austria, Germany, Italy, Netherlands, Swiss, Thailand and United Arab Emirates.

Representatives of supranational organizations also participated, like the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (to).

Described as a “war game” simulated, the exercise sought to model the response to various hypothetical large-scale cyberattacks on the global financial system, also including the leakage of sensitive financial data in the “Dark Web”, hackers targeting the global exchange system, and the subsequent rush to banks and chaos in the financial market fueled by “fake news”.

The main theme of “Collective strength” non ? sembrata tanto la simulazione di tali attacchi informatici, MA, as the name of the initiative implies, strengthening global cooperation in the financial sector regarding cyber security.

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

The proposed policy solutions included grace periods for debt repayment, SWAP / REPO agreements, coordinated bank suspensions and coordinated cancellation from major currencies.

L’idea di una cancellazione simulato dalle principali valute ha suscitato qualche perplessit? a causa della sua tempistica perch? lo stesso giorno in cui i partecipanti si sono riuniti per lanciare “Collective Strength” There were reports that the Biden administration was considering removing Russia from the global electronic payment messaging system known as SWIFT, abbreviation of Society for Worldwide Interbank Financial Telecommunication. This measure would be part of a package of economic sanctions that the United States would apply against Russia if it attacks Ukraine.

Pu? far sollevare ancora di pi? le sopracciglia la lista dei partecipanti alla simulazione “Collective strength”, the IMF and the World Bank participated, and indirectly, he World Economic Forum (WEF).

Recall that to manage the simulation “Event 201” in October 2019 ? stato proprio il WEF, together with the Bill & Melinda Gates Foundation e alla Johns Hopkins Bloomberg School of Public Health.

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

A report released in November 2020 dalla Carnegie Endowment for International Peace, in collaboration with the WEF, ha fornito una panoramica del tipo di scenario che ? stato simulato come parte di “Collective Strength”.

The authors of the report, Tim Maurer e Arthur Nelson, they described a world whose financial system is suffering “una trasformazione digitale senza precedenti ? accelerata dalla pandemia del coronavirus” So “la sicurezza informatica ? PI? importante che mai”.

Describing the protection of the global financial system as one “organizational challenge”, il rapporto ha sottolineato che non c’? un chiaro attore globale incaricato di proteggere il sistema finanziario globale o la sua infrastruttura digitale, e si ? spinto fino a descrivere una “disconnection between finance, la sicurezza nazionale e le comunit? diplomatiche”.

Solutions identified by Maurer and Nelson include:

• La necessit? of “greater clarity” per quanto riguarda i ruoli e le responsabilit?
• Strengthen international cooperation
• Reduce fragmentation and increase”internationalization” between financial institutions “siloed”.
• Develop a model that can then be used in unspecified terms “Others” sectors.

But they did not indicate which ones “Others” sectors.

Questa serie di raccomandazioni ? stata classificata dagli autori nel loro rapporto sotto “Digital transformation: Safeguard financial inclusion”.

One of these recommendations reads as follows: “The G20 should highlight that cybersecurity must be engineered into the technologies used to promote financial inclusion from the outset, rather than being included as an afterthought”.

La tecnologia che ? “used to advance financial inclusion from the start” it would seem to include “health passports” digital e “digital wallets” Accompanying.

It also appears to be aligned with the United Nations Sustainable Development Goals – in particular, the target 16.9, che chiede la fornitura di un’identit? legale digitale per tutti, including infants, by 2030.

the target 16.9 also brings to mind the insistence of the European Union that its vaccine passport, the so-called “green pass”, that ? usato in numerosi paesi europei per impedire ai non vaccinati e a quelli con immunit? naturale di entrare in tutti i tipi di spazi pubblici e privati, protects the privacy of individuals.

In a further link between two distinct issues – the security of the global financial system and public health – the GAVI Vaccine Alliance asked “innovazioni che sfruttino le nuove tecnologie per modernizzare il processo di identificazione e registrazione dei bambini che hanno pi? bisogno di vaccini salvavita”.

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

The Carnegie Endowment executive summary authors mirrored their proposals in a spring article 2021 which appears on the IMF website, even if the matters of “financial inclusion” they are left out.

While the two authors of the Carnegie report, and the participants in the initiative “Collective Strength”, sottolineano la necessit? che il sistema finanziario e i suoi dati digitali siano meglio protetti, it remains unclear how a continuing transformation towards a fully digital and cloud-based environment can really be considered “safe”.

If you consider, for example, the following observation by Micha Weis, financial cyber manager at the Israeli ministry of finance, in reference to “Collective Strength”: “[A]ttackers are 10 steps forward to the defender”.

Tali parole non offrono molto conforto a coloro che sono gi? diffidenti verso il “FinTech”, or the growing closeness between “Big Tech” E “Big Finance”.

Similarly, yet another “simulation” of a large-scale and destructive global catastrophe, for some, riporter? alla memoria l'”Event 201″ e ci? che ne ? seguito – sadly described the 20 March 2020, by then US Secretary of State Mike Pompeo as a “live exercise”.

Translator's Note (Loris Palmerini): tutto lo scenario simulato realizza in realt? us? that ? stato chiaramente indicato come obbiettivo da realizzare dagli stessi partecipanti che in buona parte sono nell’organizzaizone www.id2020.org, ossia lo scenario ? la realizzazione dei loro scopi dichiarati e da me evidenziati nella conferenza del 24 April 2020 entitled “Covid-19: pandemia o attentato alla libert?”