{"id":61045,"date":"2021-12-22T07:33:55","date_gmt":"2021-12-22T12:33:55","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61045"},"modified":"2021-12-22T07:33:55","modified_gmt":"2021-12-22T12:33:55","slug":"imf-world-bank-10-countries-held-alarming-simulation-of-global-financial-system-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61045","title":{"rendered":"IMF, World Bank &#038; 10 Countries Held Alarming &#8220;Simulation&#8221; Of Global Financial System Collapse"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/markets\/imf-world-bank-10-countries-hold-alarming-simulation-global-financial-system-collapse\">IMF, World Bank &amp; 10 Countries Held Alarming &#8220;Simulation&#8221; Of Global Financial System Collapse<\/a><\/h3>\n<header class=\"ArticleFull_header__11o5_\">\n<h1 class=\"ArticleFull_title__2cUI6\">IMF, World Bank &amp; 10 Countries Held Alarming &#8220;Simulation&#8221; Of Global Financial System Collapse<\/h1>\n<footer class=\"ArticleFull_headerFooter__2Nt6Y\">\n<div class=\"ArticleFull_headerFooter__authorInfo__huJvw\"><img decoding=\"async\" class=\"ArticleFull_headerFooter__authorPhoto__2G1M8\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/thumbnail\/public\/pictures\/picture-5.jpg\" alt=\"Tyler Durden's Photo\" \/><\/p>\n<div class=\"ArticleFull_headerFooter__author__2Ch4r\">BY TYLER DURDEN<\/div>\n<\/div>\n<div class=\"ArticleFull_headerFooter__date__3T7FN\">TUESDAY, DEC 21, 2021 &#8211; 11:20 PM<\/div>\n<\/footer>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p>Earlier this month\u00a0<em>Reuters\u00a0<\/em>produced a report which didn&#8217;t receive nearly enough attention among the American public &#8211; its contents would be sure to alarm most people concerned with the outbreak of yet more &#8216;global catastrophes&#8217;. At the very least it&#8217;s curious timing: amid the recent pandemic induced disruption in global supply chains,\u00a0<strong>powerful nations and banking institutions decided to get together to run a global economic collapse scenario<\/strong>.<\/p>\n<p>The report\u00a0<a href=\"https:\/\/www.nasdaq.com\/articles\/exclusive-imf-10-countries-simulate-cyber-attack-on-global-financial-system\">described that<\/a>\u00a0Israel led a &#8220;<strong>10-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.&#8221; It was centered on a catastrophic scenario in which &#8220;hackers were 10 steps ahead of us,&#8221; according to one official who took part.<\/p>\n<figure class=\"caption caption-img inline-images image-style-inline-images\" role=\"group\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/collapse_1.jpg?itok=sQwAPlm9\" alt=\"\" width=\"500\" height=\"333\" data-entity-type=\"file\" data-entity-uuid=\"b319da28-98b5-45c6-8210-b24c9f6c94ca\" data-responsive-image-style=\"inline_images\" \/><figcaption><em>Collapse, illustrative image via Reuters<\/em><\/figcaption><\/figure>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-video\" class=\"Advert_verticallySpaced__wnPy3\" data-google-query-id=\"CIHo0LK09_QCFYXq4QodgUAFhQ\">\n<div class=\"ac-widget-placeholder ac-reset\" data-loaded-pid=\"zerohedgecom\" data-loaded-wid=\"0011r00002RYAhn_1419\">\n<div id=\"ac-lre-player-ph-ext-vrSYZHzrv4nmE60P6Vqqz8wtjIdeP9HQ\" class=\"ac-lre-player-ph-ext ac-lre-ph-playlist-hide-scroll-bar ac-lre-carousel-horizontal ac-lre-carousel-legacy\">\n<div id=\"ac-lre-player-ph-vrSYZHzrv4nmE60P6Vqqz8wtjIdeP9HQ\" class=\"ac-lre-player-ph ac-lre-desktop\">\n<div class=\"ac-lre-wrapper luminous-theme is-floated-outer-title\">\n<div class=\"ac-player-ph\">\n<div class=\"ac-player-wrapper ac-floated-player\">\n<div class=\"ac-lre-player\">\n<div id=\"ac-lre-vjs-vrSYZHzrv4nmE60P6Vqqz8wtjIdeP9HQ\" class=\"video-js vjs-default-skin ac-lre-vjs-vrSYZHzrv4nmE60P6Vqqz8wtjIdeP9HQ-dimensions vjs-fluid vjs-controls-enabled vjs-workinghover vjs-v7 vjs-has-started cc-hidden vjs-user-inactive vjs-layout-x-small ac-lre-small-player vjs-playing lx-size-0\" lang=\"en-us\" tabindex=\"-1\" role=\"region\" aria-label=\"Video Player\">\n<div class=\"vjs-control-bar\" dir=\"ltr\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>Dubbed\u00a0&#8220;Collective Strength&#8221;, 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\u00a0<strong>International Monetary Fund (IMF), World Bank and Bank of International Settlements<\/strong>\u00a0were also involved.<\/p>\n<p>The financial-geopolitical gaming simulation was set amid a scenario where sensitive data was\u00a0<strong>leaked on the Dark Web, which combined with &#8220;fake news&#8221; 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\u00a0<em>Reuters<\/em>.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/header>\n","protected":false},"excerpt":{"rendered":"<p>IMF, World Bank &amp; 10 Countries Held Alarming &#8220;Simulation&#8221; Of Global Financial System Collapse IMF, World Bank &amp; 10 Countries Held Alarming &#8220;Simulation&#8221; Of Global Financial System Collapse BY TYLER DURDEN TUESDAY, DEC 21, 2021 &#8211; 11:20 PM Earlier this month\u00a0Reuters\u00a0produced a report which didn&#8217;t receive nearly enough attention among the American public &#8211; its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[150,2077,317,418,434,683,888],"class_list":["post-61045","post","type-post","status-publish","format-standard","hentry","category-economics","tag-collapse","tag-cyberattack","tag-financial-system","tag-imf","tag-international-monetary-fund","tag-reuters","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61045"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61045\/revisions"}],"predecessor-version":[{"id":61046,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61045\/revisions\/61046"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}