A collapsing economy simulation is typically not done when everything is milk and honey. Have Central Banks painted themselves into a corner? Are they gearing up to induce more massive money printing?
"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. "
https://www.zerohedge.com/markets/imf-world-bank-10-countries-hold-alarming-simulation-global-financial-system-collapse
Israel on Thursday 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.
The narrator of the film in the simulation said governments were under pressure to clarify the impact of the attack, which was paralyzing the global financial system.
"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.
https://www.nasdaq.com/articles/exclusive-imf-10-countries-simulate-cyber-attack-on-global-financial-system