Israel considering limiting ownership of gold and silver

[pmbug]

New report shows Israeli prime minister looks to make sweeping monetary changes in fight against illicit money use
Prime Minister Benjamin Netanyahu has asked officials to begin discussing measures to limit the circulation of black market currency to curb illegal activity in Israel.

According to Ynetnews.com, a meeting will be held with Finance Minister Bazalel Smothrich, Bank of Israel Governor Prof. Amir Yaron, Prime Minister’s Office Director-General Yossi Shelley and top officials from the Tax Authority and Task Force for Combating Crime in the Arab Community.

Part of the proposal suggests limiting private ownership of large amounts of cash alternatives such as gold, silver, and coins.
...

Israel to consider limiting ownership of precious metals

New report shows Israeli prime minister looks to make sweeping monetary changes in fight against illicit money use

www.jpost.com

 

[searcher]

From the link above:

As a medium-term goal, the proposal would seek to reduce cash use in Israel drastically and instead encourage bank transfers or credit cards, allowing the government to track illicit transactions better.

 

[pmbug]

Seems clear to me that this proposal is an effort to usher in a CBDC. Tyrants love systems of control.

 

[Voodoo]

They want everyone to go digital so they can blow them up. Sure I'll bite.

 

[nickndfl]

Where only the government owns the barbarous relic. Bad move.