JPMorgan CEO Jamie Dimon said America’s enemies want to dismantle the world order, and the bank’s president said conflicts in Russia and Ukraine, Israel and Gaza could lead to World War III. Dimon said nuclear proliferation is the greatest threat to humanity.
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Jamie Dimon said America’s enemies are seeking to disrupt the world order, and conflicts between Russia and Ukraine and Israel and Hamas could escalate into a new world war.
China and Russia are “clearly talking about dismantling the system” established by the West after World War II, and “the risks are extraordinary,” JPMorgan’s CEO said Thursday. , at the International Finance Association’s annual meeting in Washington, DC. Business Insider obtained a recording of his comments.
Dimon emphasized the risk of a global war, citing his historical knowledge and a recent Washington Post article that said “World War III has already begun.”
“There is already a coordinated ground war going on in multiple countries,” the billionaire banker said. There is a chance there will be less fighting and a peace deal, but “mistakes are going to happen,” he said.
“So, to me, we can’t be naive,” Dimon said. “We cannot pass up the possibility that this problem will resolve itself. We must ensure that we engage in the right actions to resolve the problem properly for the sake of a free and democratic Western world for the next 100 years.” I need it.”
Dimon emphasized the difficulty of preparing for what might happen. “We’re running scenarios that will shock you. We don’t want to mention them.”
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The bank president pointed to Russian President Vladimir Putin’s war against Ukraine as a particularly serious threat.
“We have to be clear that there can be no bad outcome there,” he said. “I’ve never experienced a situation where a man made a nuclear threat,” he said, adding, “If you’re not scared, you should do it.”
Dimon also said the proliferation of nuclear weapons technology is “the greatest risk facing humanity.” He said that if Iran secures a nuclear bomb, many other countries will too, “and it’s only a matter of time before these things explode in major cities around the world.” Ta.
Mr. Dimon has been sounding the alarm about global threats for some time. Speaking at JPMorgan’s third-quarter results this month, he said the geopolitical situation was “dangerous and worsening.”
How conflicts are resolved “can have far-reaching implications for both short-term economic outcomes and, more importantly, the course of history,” he added.
Fellow Wall Street billionaire and financial historian Ray Dalio said last October that the probability of a world war involving the United States and China had jumped from 35% to 50% in the past two years.
