Netanyahu Wants to Ban Cash, Gold, and Silver in Israel - Bank of Israel Says....No?!
The Deep State in Israel is fighting itself as real war engulfs the entire country, and my plans should the gold and silver ban go through.
Netanyahu's proposal to ban gold and silver ownership in Israel faces opposition from the Bank of Israel, citing potential economic disruption and historical failures.
The move is seen as part of a broader effort to eliminate physical cash and establish totalitarian control over monetary systems.
Long-term interest rates have risen since the recent rate cut, indicating a normalization of the 10Y-3M yield curve incoming.
Gold bullion bank shorts have increased significantly, creating a precarious situation for both long and short positions amidst potential dollar crunch risks.
Israel to Ban Gold and Silver Ownership? Deep State Infighting
There's some infighting going on with the Israeli deep state. Netanyahu wants to ban the 200 shekel bill and also criminalize ownership of "significant amounts" of "cash substitutes" (that's what it says in the circle below) including gold and silver.
On the one hand, this isn't surprising because Israel was the first country to force inject its whole population with mRNA sludge. It looks like it will be the first to try banning gold and silver ownership as well. The stage this is at is a series of recommendations by "expert economists" to the Knesset, the parliament.
As I always say, the Israelites lead, in both good and evil. It's just how it is. Nothing to do about it. In this case, the leadership is certainly evil. The attempt to ban gold and silver is part of an effort to end physical cash, starting with the 200 shekel bill. (About $55)
On the other hand, the Bank of Israel today came out with a statement that only the head of the central bank has the right to discontinue a cash bill denomination. I can only find it in Hebrew, but run it through google translate will give you a good idea. Basically, they are publicly telling Netanyahu no. I wonder what is going on here. My guess is the Bank of Israel is not comfortable with this given what happened in India in 2016 (See Maneco64's video on this here), basically 1.5 million jobs were lost when they outlawed their highest denomination bills, there was a huge cash shortage, and the goal of smashing the black market was not achieved. What would happen is that prices would go up dramatically as all those evading taxes through cash would have to raise their prices significantly or cut back supply. Wartime is not a great time to manage price inflation, so maybe they're saying no.
The fact that this deep state effort is happening specifically during an escalating war
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