Economist Slams "Crooked" Colleagues Amidst Financial Isolation Fears
Translated & summarized from Ice by baba
Economist Shlomo Maoz strongly criticized Israeli economists and media for creating panic over potential financial isolation, calling them "crooks." He asserted Israel is economically stronger than major European nations and dismissed sanctions fears. Maoz cited positive economic indicators like falling inflation and job growth, contrasting them with what he called "lies and falsehoods" in public discourse.
The story in 5 lines · by baba
- Economist Shlomo Maoz called fellow economists "crooks" for fueling panic over financial isolation.
- Maoz stated Israel is economically stronger than Britain, Italy, and France.
- He dismissed fears of European banks impacting Israeli banks, predicting their collapse.
- Maoz cited falling inflation from 5.5% to 1.5% and strong job growth.
- He claimed Israeli families have seen a 50% wealth increase under the current government.
Economist and senior lecturer Shlomo Maoz has fiercely criticized fellow economists and media outlets for what he describes as deliberately fueling panic regarding potential financial isolation and sanctions against Israel. The controversy stems from Prime Minister Benjamin Netanyahu's recent remarks about preparing for financial isolation and transitioning to blockchain technology and digital currencies. These statements triggered widespread criticism from banking officials, opposition leaders, and financial analysts, who warned that such declarations could brand Israel as a "leper state" attempting to circumvent sanctions, similar to Iran and Russia.
Maoz, however, dismissed these concerns during a heated interview on i24NEWS with Sharon Gal. He asserted that any European bank attempting to interfere with an Israeli bank would collapse within a week. "Europe is the garbage of the world today," Maoz stated, adding that Israel is currently stronger than Britain, Italy, and France. He directly attacked his professional peers, calling them "crooks" and accusing them of teaching falsehoods instead of their own theories. Maoz insisted that the data cited by critics is sourced from the Bank of Israel and the Central Bureau of Statistics and is well-documented.
To support his optimistic outlook, Maoz presented several positive economic indicators that he believes are being ignored in public discourse. He claimed that Israeli families have become wealthier under the current government, with an average increase of 222,000 shekels, representing a 50% gain. Maoz highlighted a drop in inflation from 5.5% to 1.5%, the absence of unemployment with 144,000 job openings, and the growth of industry, noting that Israel exports $1.2 billion in high-tech services weekly. He concluded by reiterating that the widespread panic is based on "lies and falsehoods."
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