A report published last year by the WEF-Carnegie Cyber Policy Initiative calls for the merging of Wall Street banks, their regulators and intelligence agencies as necessary to confront an allegedly imminent cyber attack that will collapse the existing financial system.
In November 2020, the World Economic Forum and Carnegie Endowment for International Peace coproduced a report that warned that the global financial system was increasingly vulnerable to cyberattacks. Advisers to the group that produced the report included representatives from the Federal Reserve, the Bank of England, the International Monetary Fund, Wall Street giants such as JPMorgan Chase, and Silicon Valley behemoths such as Amazon.
The ominous report was published just months after the World Economic Forum had conducted a simulation of just such an event—a cyberattack that brings the global financial system to its knees—in partnership with Russia’s largest bank, which is due to jumpstart that country’s economic transformation by launching its own central bank–backed digital currency.
As recently as last Tuesday, the largest information-sharing organization of the financial industry, the Financial Services Information Sharing and Analysis Center (FS-ISAC), whose known members include the Bank of America, Wells Fargo, and Citigroup, warned that nation-state hackers and cybercriminals are poised to jointly attack the global financial system. The CEO of this organization had previously given the same warning, which was published in the World Economic Forum-Carnegie Endowment (WEF-Carnegie) report.
Such coordinated simulations and warnings from those who dominate the current ailing financial system are obviously a cause for concern, particularly given that the World Economic Forum is well-known for its Event 201 simulation about a global coronavirus pandemic that took place just months prior to the COVID-19 crisis.
The COVID-19 crisis has since been cited as the main justification for accelerating what is termed the digital transformation of the financial sector and other sectors, which that the World Economic Forum and its partners have promoted for years. Their latest prediction of a doomsday event, a cyberattack that stops the current financial system in its tracks and initiates its systemic collapse, if it came to pass, would be the final, necessary step required to bring about the Forum’s desired outcome of a widespread shift to digital currency and increased global governance of the international economy.
Given that experts have been warning since the last global financial crisis that the collapse of the entire system was inevitable due to central bank mismanagement and rampant Wall Street corruption, a cyberattack would also provide the perfect scenario for dismantling the current failing system, as it would absolve central banks and corrupt financial institutions of any responsibility. It would also provide a justification for incredibly troubling policies promoted in the WEF-Carnegie report, such as a greater fusion of intelligence agencies and banks in order to better “protect” critical financial infrastructure.