Netanyahu Stuns With Call for Crypto Economy to Bypass Sanctions
Translated & summarized from Channel 13 by baba
Prime Minister Benjamin Netanyahu has called for Israel to prepare for a potential cutoff of U.S. security aid and international economic sanctions by developing an alternative economy based on cryptocurrency. He believes U.S. aid is temporary and expressed a need for armament independence and stronger regional alliances. Business leaders criticized Netanyahu's economic vision, warning it could lead to severe lows and hinder Israel's survival.
The story in 6 lines · by baba
- Prime Minister Netanyahu urged preparing for U.S. aid cutoff and sanctions via crypto economy.
- Netanyahu believes U.S. security aid to Israel is temporary and a matter of time.
- He called for armament independence and strengthening alliances with Middle Eastern nations.
- Netanyahu's "alternative economy" plan involves using cryptocurrency to bypass sanctions.
- Business leaders criticized Netanyahu's economic vision as dangerous and unprecedented.
- The prime minister referenced his "Sparta speech" about Israel's global position.
Prime Minister Benjamin Netanyahu has sparked controversy with remarks made during an interview with a business channel, outlining his views on Israel's economic and political standing and the potential for international economic sanctions. Netanyahu stated that it is "only a matter of time" before U.S. security aid to Israel ceases, and that the country must prepare for economic sanctions by developing an "alternative economy" based on cryptocurrency.
He addressed Israel's dependence on the United States, noting that "we still have two years with President Trump, and I think I am the only one who can work with him." When asked about concerns regarding the post-Trump era, Netanyahu responded, "Aren't you worried? There hasn't been such a friendly president, and it's unlikely there ever will be. So we must prepare for a rainy day, and I am preparing for it. That's why I want armament independence first."
Following recent UK sanctions against settlements, Netanyahu was questioned about fears of further sanctions. "Of course I fear it," he said. "If you think we will continue to receive what I brought twice, tens of billions of dollars in American aid for the defense budget, then get organized and get used to it, it won't happen. It's only a matter of time."
Netanyahu further suggested that banking sanctions are possible and that preparations for an "alternative economy" using cryptocurrencies are necessary, adding that he has "already asked to prepare the plan for this." He also proposed strengthening alliances with Middle Eastern countries as a solution to the potential cessation of American economic aid, stating, "You expand your alliances with the Middle Eastern countries that are now coming to us because of the power we have demonstrated."
This statement echoes Netanyahu's "Sparta speech" from September of the previous year, where he described a world dividing into blocs and Israel's potential isolation. He suggested adapting to a more self-sufficient economy, calling Israel "Athens and Sparta, but we will be Athens and 'Super Sparta.'" In response, the Business Forum, representing approximately 200 leading Israeli business figures, issued a statement criticizing the government's policies under Netanyahu, calling them "dangerous and unprecedented economic and political lows" and warning that his vision would hinder survival in a globalized world.
