The following report is by MarketWatch:
The economic outlook “is teeny compared to the geopolitical situation we face,” he told an audience Thursday at the Institute of International Finance’s annual meeting in Washington, D.C.
He lamented the wars in Ukraine and the Middle East, and the growing cooperation between U.S. adversaries including Russia, China, North Korea and Iran.
“They are clearly talking about dismantling the system” set in place by the U.S. and its allies after World War II, which Dimon credits as spawning an era of unprecedented global economic growth.
The risk is extraordinary. World War III has already begun. You already have battles on the ground being coordinated in multiple countries.
He said
He said that risk-management teams at his bank have “run scenarios that will shock you,” in terms of the possible economic implications of a global conflict that spirals out of control.
That’s one reason why the JPMorgan Chase & Co. chief executive said Thursday that nuclear proliferation is “the biggest risk mankind faces,” even ahead of climate change.
The leader of the world’s largest bank is a registered Democrat, but has long had fans in both parties — ones who respect his business-friendly politics and reputation for competence.
Dimon has been floated as a potential candidate for treasury secretary for both parties, as speculation has grown that the Wall Street veteran will soon be ready for his next challenge after running JPMorgan Chase for nearly two decades.
Despite his Democratic ties, next year’s likely Republican Senate Banking Committee Chairman Mike Rounds of South Dakota told Politico earlier this week that Dimon would “be a good choice” to run the Treasury under a Trump administration.
The New York Times reported Tuesday that Dimon “privately” supports Vice President Kamala Harris, but will not say it publicly. The report cited unnamed sources who said that Dimon would consider taking a role in a potential Harris administration, including Treasury Secretary.
AUTHOR COMMENTARY
I suppose this is a bit of a ‘no-brainer’ statement at this point, but the fact that a bankster gangster like Dimon – who is the CEO of one of the largest banks in the world by assets – is saying that World War III has already begun speaks volumes. Obviously someone such as himself is far more privy to insider information well before it sees the light of day.
After the U.S. election on November 5th, and however long that gets strung out, all bets are off and it will be open season. Quite frankly, I think the kitchen sink is going to get thrown at us in 2025, so prepare accordingly and stay close to the Lord and Savior Jesus Christ for salvation and protection in your times of need.
Mark 13:7 And when ye shall hear of wars and rumours of wars, be ye not troubled: for such things must needs be; but the end shall not be yet. [8] For nation shall rise against nation, and kingdom against kingdom: and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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