It seems everywhere we turn nowadays the new fear, amidst everything else that has been amplified, is the animosity surrounding a breakdown and failure of the grid; an internet crash, a hack, a “glitch,” even a solar flare. Whatever the case maybe, there is growing paranoia in regards to these possibilites.
Now the World Economic Forum is sounding the alarm again with the potential for a major fault in the system.
It’s leader, Klaus Schwab, once warned and lamented that a breach in the grid and internet systems would make the Covid pandemonium look like a small thing in comparison to this new behemoth of a problem.
Now the Forum is making a similar assertion per a recent video they just released, titled, “How Climate Change Could Disrupt Digital Financial Systems.”
The video that offered no narration, but with subtitles on the screen with symphonic music with a curious and thought-provoking tone, had this this to say:
What if extreme weather froze your bank account?
The world’s digital financial systems are increasingly interconnected. Companies have to come to rely on one another… In a network of critical interdependencies. This means disruption can more easily grow and spread throughout the system – with repercussions that could affect all of us…
It means that a severe snowstorm, for example, or a cyberattack… Could cut off people’s access to money, both in-person and online. A situation that could lead to widespread panic and a loss of trust.
An average cyber ‘ripple event’ impacts 10 additional companies… Beyond the firm originally affected.
Last year’s cyberattack on U.S. software company SolarWinds… Highlighted the risks of interconnectedness. Hackers hid code in IT monitoring software sold by SolarWinds. So when SolarWinds rolled out updates to its software It sent out the hacked code, too. By attacking a single weak spot… the hackers were able to access thousands of companies’ IT systems.
Threats like this can create uncertainty as well as huge losses. But we can mitigate them if we work together. Policy-makers, regulators, financial institutions, tech firms and customers… Must all play their part in safeguarding the system.
Attached to their Twitter is an October 28th article the Forum released talking about how these technologies keep generating new risks in financial services, but is also key to mitigation.
They direct attention to three different risk factors, one being Digital Interdependencies – explaining that as more companies and technologies interconnect, “any entity that plays a critical role in enabling financial services can cause ecosystem disruptions and cascading implications.” They also note those that offer “core capabilities,” citing cloud data and storage, as an example. If these go down, “one can comprehend the severity of the risk,” they say.
It was not long ago that Google Cloud services offline temporarily, bringing down a host of many large chains and platforms.
The Forum secondly places attention on social media influence, and how these platforms are enticing people to do and think certain things. “Individual actors and malicious programs (e.g. bots, deepfakes) can influence sentiment and, thus, investing behavior and other financial decisions.”
Their third point places attention on “Risk Model Vulnerabilities, Gaps in Entity-based Regulation, Conflicting National Priorities and New Drivers of Financial Exclusion.”
Diving into these risks may give the impression of a highly pessimistic future for our increasingly digital financial system.
It is sensible to be concerned, however, there is also plenty good news – strategic and immediate action can help with risk prevention, intervention and resolution.
The WEF then gives their three ways we can mitigate these potential problems. Firstly, the organization says we “need” individual entities to take “thoughtful action” to addressing these problems, by having “deep consideration for their role in the ecosystem and relation to each risk.”
As they go onto define, their type of action is “implementing geospacial network mapping to strengthen mitigation for Digital Interdependencies.”
This is an emerging application that allows an entity to better detect and manage vulnerabilities as they arise. Organizations can connect geospacial data with network maps to monitor their physical and digital footprints. This helps in quick identification of service disruptions or cyberattacks interfering with operations, allowing for real-time intervention.
These proposals are similar to the ones proposed at the COP26 conference.
The Forum’s second solution are more multilateral efforts.
Public and private sector players can collectively create enhanced scenario planning exercises and develop extensive stress tests with a broader ecosystem orientation.
Imagine, for example, that ecosystem actors develop a multilateral financial market alert system: Big Techs and regulators collaborate on an advanced false-information detection system with a shared live feed, which is then leveraged for the identification of “red flag events” and broader market warnings. Deep learning techniques could be the foundation of such a system, as they are robust and well-equipped to deal with complex interaction patterns between social networks and financial markets.
And lastly, the Forum says increased technological mitigation must take place, though, they also admit that the implementation of even more technology adds to “rise to new risks” in financial sectors.
To fully mitigate the risks surfacing today, and those that will inevitably take shape as unintended consequences follow even newer innovations, collective action will be key.
AUTHOR COMMENTARY
By faith Noah, being warned of God of things not seen as yet, moved with fear, prepared an ark to the saving of his house; by the which he condemned the world, and became heir of the righteousness which is by faith.
Hebrews 11:7
Regular readers know that I have been warning about a coming planned crash of the grid and internet on a much larger scale. They are increasing left and right on purpose. I believe ‘they’ are subtly getting the masses’ minds conditioned to subliminally accept it; while collecting data on the masses’ reactions, and simulating what the fallout will be like.
In terms of banking, this is why I have advocated from the get-go to keep the bare minimums in your bank to pay bills, but that’s it. Because all that has to be done is the flip has to be switched, and your money is gone.
On top of all this, with the WEF is saying what needs to be done, they essentially are admitting to a perpetual cycle of problems. They blame tech for the problems, so then they say we need MORE tech to fix the problem. It’s kind of like in a RPG video game where you have the “critical strike” option where you go for the big attack but your defenses open up wider. It’s classic Problem. Reaction. Solution. It’s the same tried and true method for control.
Moreover, as noted in this report, that COP26 proposal is a formality. This is why I spend my time talking about: it’s important stuff that gets totally overshadowed by most.
The Coming “Global Citizen” Test That Will Be Mandated For People To Use The Internet
Internet Shutdowns Are The New Weapons Of Choice For Control
World Governments Have Internet “Kill Switches” That Are Flipped When Things Get “Rowdy”
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I recently accidentally found a clip of an old movie talking about how they are planning to bring about their antichrist. It sounds like exactly what is happening right now with the planned disruption of the food supplies and the fall of currencies. It’s as if like the elites created that movie even though it is supposed to be a “Christian” one. The movie is called “Early Warning”.
https://youtu.be/XPjafnh-Y_0
For the body of Christ:
2 Corinthians 1:3-5
3 Blessed be God, even the Father of our Lord Jesus Christ, the Father of mercies, and the God of all comfort;
4 Who comforteth us in all our tribulation, that we may be able to comfort them which are in any trouble, by the comfort wherewith we ourselves are comforted of God.
5 For as the sufferings of Christ abound in us, so our consolation also aboundeth by Christ.
Very interesting, brother. I have been thinking about this scenario: What if they do another global lockdown, followed by heavy snowfall and extreme cold, and then take down the power grid! I had not thought of the fact that people will literally not be able to buy ANYTHING because their electronic payment methods will not work! WOW!