Babylon's Bankers

BANK OUTAGES WORLDWIDE

Yesterday you might recall I blogged about the latest gimick of the Central Banksters in their push for Central Bank Digitial Currencies (CBDCs) being programmable digital currencies, a technology effectively giving them control not only on how the "money" is spent, but also the value of that money, on a case-by-case basis. In that blog I pointed out that the problem with such a system is its reliance on electronic technology.

Imagine, say, a hardware store in the 1930s, and the power suddenly goes out just as customers are lined up at the cash register to make some purchases. It's no problem for our hardware store owner. He simply lights a kerosene lamp or two from his inventory, rings up the purchases into his hand-crank cash registers, and takes the money and counts back the change.  Imagine the same hardware store owner in, say, 2030. The power goes out, his cash register is down and unable to function, so he lights his kerosene lamps, gets out his abacus, calculates the total costs of purchases, but no one can buy anything because the power is down system wide. A few hours later, the power is back on (temporarily, because the energy used by the central banks for their digital currencies is consuming a lot of power).  People line up to purchase kerosene lamps to light their homes, only to discover that they are not allowed to purchase the kerosene lamps because, after all, these are signs that the purchasers might be "preppers" and planning some sort of "insurrection."

You get the idea.

Well, it seems in a certain sense the latter scenario is already happening, according to this article shared by B.:

Banks Around World Are Suffering Big Outages, Leaving Millions Of Customers In Lurch At Worst Possible Time

Note this:

There’s never a good time for your bank’s IT system to go down. But few can be worse than in the middle of a lockdown. It’s difficult to leave home, your local branch may not be open, and as a result you are more reliant than ever on digital banking services. In New Zealand, now in its seventh week of nationwide lockdown, one of the country’s largest lenders, Kiwibank, went down on Tuesday, leaving many of its customers in the lurch. It is one of a string of IT outages the bank has suffered over the past three weeks, after a DDoS attack on New Zealand’s third largest Internet provider caused IT crashes at a number of lenders, including Commonwealth Bank and Anz Bank.

In a DDoS attack hackers overwhelm a site by getting huge numbers of bots to connect to it all at once, rendering it inaccessible. Servers are not breached, data is not stolen but it can still cause plenty of disruption.

New Zealand is not the only country to have suffered major outages within its banking system in recent weeks. Other countries include the UK, Japan, South Africa, Venezuela and Mexico, though there are no doubt more (if you know of any, It would be great if you could provide details in the comments section).

On September 12, operating failures at Mexico’s largest bank, BBVA Mexico, left 24 million account holders unable to use the bank’s 13,000 ATMs, its mobile app or in-store payments for almost 20 hours. It being a Sunday, customers could not even avail of the lender’s in-branch cash services. The bank blamed the outage on a system update failure and has offered to compensate customers with cash bonuses on purchases when using their credit or debit cards. The bank was also at pains to assure them that their financial data was not compromised.

“It had nothing to do with the outside world,” said Jorge Terrazas, the bank’s director of communicate and corporate identity. “The bank and its customers’ information is secure. What we did was undo the changes to the system and return everything to as it was.”

Less than a week after BBVA’s outage, Santander Mexico, another Spanish-owned Mexican bank, suffered an outage that left customers across the country unable to use their debit cards at the ATM or in stores. Again, it was blamed on internal problems

...

Almost 5,000 miles away from the UK, on the other side of the Atlantic, 16 million customers of Venezuela’s biggest bank, Banco de Venezuela, had to recently endure five days without the bank’s online platform. As tends to happen in these cases, the outage became apparent when bank customers began venting their anger on social media. When the platform was finally restored, on September 20, Venezuela’s vice president Delcy Rodríguez laid the blame on the US government, which she accused of launching an “intense and aggressive” cyber attack against the bank’s IT system.

The attack was apparently an attempt to derail Caracas’ plans to launch a new currency, which went live today (Oct 1) with six fewer zeros. Whether Rodríguez’ allegations are true or not it’s impossible to tell, but Washington certainly has the capability and form. Plus, it is engaged in a no holds-barred economic war against Venezuela.

Sometimes it’s the frequency rather than the duration of the outages that is the biggest problem for bank customers. Yesterday (September 30) Mizuho Bank, one of Japan’s three mega banks, experienced its eighth IT system failure so far this year — almost one every month. In the latest episode a system glitch caused a delay to some foreign exchange transactions. The system outages at Mizuho date back almost two decades and have been broadly blamed on its failure to integrate cultures and systems from the three-way merger of Dai-ichi Kangyo Bank, Fuji Bank, and IBJ that brought the bank into existence, all of 21 years ago. The bank has already spent $3.6 billion trying to fix the problems, but to little apparent avail. (Boldface emphasis added_

Note the implication of the emphasized portion: denial of service attacks can be used as a tool of economic and financial warfare, not only by countries, but presumably by banks. And with this in mind, ask yourself a simple question: do you still think digital currencies, and especially central bank digital currencies, are a good idea?

For me the answer is a definite and resounding NO, and I actually wonder if, with all these outages, someone might be trying to send that message...

See you on the flip side...

19 thoughts on “BANK OUTAGES WORLDWIDE”

  1. Perhaps they’re setting the stage for a new nominee. A Sovietszky trained graduate of Moscow University for the Comptroller of the Currency position. Tweak the networks there, redirect banking traffic over there, and gain a foothold into your bank accounts online and then some.
    Larry Kudlow and Sen Toomey address this administration pick:

    This is the definition of socialism:

    https://www.youtube.com/watch?v=UVUo3ZbLUO4

    One had to play this back a few times as it sounds very much like the Party of the east by going west’s current arrangement (or else). Ears are still on fire.

  2. Thanks to Richard’s very informative and highly credible posting on here.
    It seems that China was buying large amounts of PCR testing machines back in mid 2019, well before the COVID-19 outbreak in Wuhan province! It really does make you wonder! Is this the smoking gun?
    https://www.skynews.com.au/opinion/sharri-markson/data-indicates-dramatic-increase-of-pcr-procurement-contracts-in-wuhan-in-2019/video/9cd25181f42402c83eaf0694b729650c
    https://inews.co.uk/news/world/what-really-happened-wuhan-author-fauci-lab-leak-covid-origin-theory-1213724
    Sharri Markson told Sky News and the i newspaper that evidence from her painstaking research and interviews with insiders in China and Washington DC have added weight to the “lab leak” origin theory. It purports that a leak from the Wuhan Institute of Virology (WIV) in China in late 2019 triggered the pandemic, causing the deaths of more than 4.7 million people worldwide.
    Surely, it is time to hold those responsible for originating and unleashing the pandemic on Planet Earth to account and trial?

      1. They’re more likely the ones running the show. . . . . . . “China does NOT walk the western road of constitutionalism, separation of powers, or judicial independence. . .” His Excellency, Xi Jinping . . . .

        They’re considered innocent under current US law as no one as yet has taken them to task on the international front..

    1. Who knows. And wouldn’t it be interesting if painstaking research in China happened to reveal that the US, Russia, the EU, Britain, Australia or even someone else was responsible for planting a virus say, in the course of the World Military Games in Wuhan, in October 2019.

  3. Does anyone remember hurricanes Irma and Maria four months without power in Puerto Rico? Are the hackers’ mercenaries ronins for the banksters and the deep states whose association can be denied by their employers. But our elites don’t know or care if the supply chain collapse which they are well into destroying now just wondering if these wiseguys know how to find and prepare the food they are really stupid if they dream their supplies will last forever.

  4. Also major social media went down yesterday and massive Global outage – facebook, instagram and whatsapp staff couldn’t even get in to the office, as their access passes stopped working and they couldn’t log in to the network!
    NYT reported part of the reason it took so long to fix the outage was because the people trying to figure out what the problem was couldn’t even physically get into the building or log on to work out what had gone wrong! LOL!
    https://www.nytimes.com/2021/10/04/technology/facebook-down.html
    https://www.bbc.co.uk/news/technology-58793174

    1. Yes, indeed. Thought those power and application failures were more than just interesting talk despite not having any of those apps (noisy and worthless in one’s view). More than just coincidences, too, with all this babbling about banks and digital currencies. More like consequences but then suspicion is not evidence.

      Just breaking from WION, one of India’s major news networks suggests important information regarding polymerase-chain-reaction (PCR) testing kits and laboratory equipment that had an unusually high spike in acquisitions in May2019. That’s May 2019. The Party’s military was one of the main recipients of PCR test equipment for their military hospital and laboratories.

      And military folks wonder why they had some illnesses after those military games over there. Bet some of those military folks brought back an unwelcomed stowaway. Those provincial dermatologists wondered about those unusual rashes they were treating which seemed to merge into respiratory pneumonias and a significantly great uptick in mobile crematoriums and large plums from their corresponding locations, in one’s opinion, of course.

      Gravitas LIVE | China’s pandemic expose: Hubei was buying testing kits in May 2019 | English News

      https://www.youtube.com/watch?v=SDcFIg8nYpk

      Right piece of investigative work by another Australian researcher/reporter/investigator. An excellent adjunct to Sharri Markson’s book actually. Defanging and declawing a rabid Tiger certainly takes some doing.

      One is still questioning those earlier Tibetan Glacier excursions, two of them 1992 &2015, and those unknown microbes of interest, some 28 of them that were not part of the currently known microbial listing of record.

  5. We get it: CASH is king. HOWEVER.
    Too many US dollars are flooding the “homeland”. (chime in with your geopolitics here)
    The influx of worthless “dollars” complicates their Inflation controls. Look at this reverse repo chart:
    $1,600,000,000,000 per NIGHT in FED “buyback” — https://fred.stlouisfed.org/series/RRPONTSYD/
    They will be forced to CLOSE banks for whatever reason in efforts to control economic velocity.
    THEIR SYSTEM IS OVER.

    1. anakephalaiosis

      When the Sheriff of Nottingham can’t get a world war going, and people are running screaming away, from the needles, then he can at least play, with the electrical fuses.

    2. That’s assuming they don’t decide to let inflation rip… I think they prefer to control the timing and amount of it, though.

      I’ve got a suspicion all these “cyberattacks” and “outages” at banks are, in part, a prelude to shutting down the banking system, disappearing a bunch a deposits, and limiting the amount you can spend or withdraw. The purpose would be to get the money supply under control and/or bankrupt the masses to get them to beg for UBI, which the banksters will then helpfully offer in the form of CBDCs.

  6. Maybe this is too simplistic, but we know this so called pandemic impacts on multiple levels, addressing so many goals of Mr. Global. Just announce that the latest and most terrifying trait of this “virus” is that has infested our cash. It’s simply too dangerous for the masses to handle, carry and exchange physical money. The idea fits nicely into the Covid scenario.

      1. Katherine Szabo

        I do most of the laundry in our house. And every now and then I get a nice tip for doing it in cash! I can assure you that US paper money washes and dries just fine.

        1. So true – it’s usually in a pocket and nicely folded too. You can always spray the cash lightly with Lysol. Cash has always been dirty, so remember … wash your hands before touching your face or eating and you’ll be just fine as my “mother the surgical nurse” used to tell me.

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