Concerns about U.S. vulnerability to cyber attacks is rising since the assassination of Iran’s general Qasem Soleimani and with good reason: according to a research paper by the Federal Reserve Bank of New York, a cyber attack on the nation’s five biggest banks could send the U.S. economy into turmoil.
An attack that crippled banks’ ability to send payments among themselves could cause a domino-like turmoil through the economy and take months to sort out and recover from, the paper says.
The report likens the result of an attack to an old-style bank run in which customers want to withdraw their money but can’t.
TREND FORECAST: Generals are always fighting the last war. Beyond cyber attacks on the financial system, “New Millennium Warfare”, a trend detailed by Gerald Celente over the decades, will bring down electric grids and business/government services.
In the event of such attacks, governments will call for a “Bank Holiday,” preventing customers from withdrawing funds, getting access to safe-deposit boxes, and again confiscating gold under the mantra that is necessary to fight the war on terrorism.
