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Netanyahu's 'Bypass Economy' Proposal Threatens Israel's Financial Stability
Prime Minister Benjamin Netanyahu's "bypass economy" proposal, which suggests shifting to a blockchain-based system, is a dangerous idea that could lead to international sanctions and economic ruin for Israel, according to columnist Ben Caspit.
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What happened
- 01Prime Minister Netanyahu's "bypass economy" proposal could lead to Israel becoming a pariah state with sanctions.
- 02The shift to a blockchain economy would cripple Israel's high-tech sector and financial stability.
- 03Columnist Ben Caspit warns of losing pensions, savings, and international commerce.
- 04Caspit attributes potential US sanctions to the current government's extreme elements.
- 05He calls for a return to sanity, democracy, and sound economic policy to avert crisis.
Caspit argues that such a move would isolate Israel, cripple its high-tech sector, and cause widespread financial loss for citizens. He urges a return to democratic principles and sound economic policy to avert disaster.
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