From 'By the Grace of God Economy' to 'Cryptocurrency Economy'

Eilat Nechemyas Verbin analyzes Netanyahu's statements about transitioning to a cryptocurrency economy, warning that this means turning Israel into an underground economy similar to Russia, North Korea, and Iran, leading to economic collapse and harming national security.

In an opinion column on ynet, Eilat Nechemyas Verbin analyzes Prime Minister Benjamin Netanyahu's statements in an interview with the economic channel, where he said he requested preparations for international sanctions by transitioning to a cryptocurrency economy. The writer argues that the real meaning of such a step is turning the Israeli economy into an illegitimate one globally, similar to the economies of Russia, North Korea, and Iran. She warns of a massive economic crisis that would include the disappearance of investors, capital flight from Israel, damage to tax collection, a crazy devaluation of the shekel, and the closure of Israel to trade channels. The writer sharply criticizes Netanyahu, stating that this is his most frightening and dangerous statement, even after missiles from Iran. She calls on the public to understand the severity of the situation and vote in the upcoming elections. The writer's tone is emotional and alarming.