Quote from Savings Beagle on December 22, 2021, 10:10 am

In case you weren't aware, in October of 2019, a global pandemic exercise titled Event 201 was held in New York, NY.  Most who comment on Event 201 now state it was not predictive of what was to come, simply a pre-planned preparatory simulation whose timing was coincidental.

Now we have another simulation coordinated by and including ten countries, the International Monetary Fund, World Bank and Bank of International Settlements looking at a collapse of the global financial system.

I am not saying this is about to happen.  Or even will happen.  I'm sure similar simulations are run somewhat regularly.  But, considering the financial conditions of many countries around the world - large debt loads, primarily - and the added economic strains resulting from Covid-19 and related mitigation actions, it is something of which to be aware.  If for no other reason than the fact that major governments and financial entities feel it's something that needs to be considered.

Below is the first part of the article "IMF, World Bank & 10 Countries Held Alarming "Simulation" of Global Financial System Collapse" by Zero Hedge/Tyler Durden.

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.

You can read the full article at this link.