"Countries May Consider Nuclear Weapons
If U.S. Military Support Is Absent"
Jamie Dimon, CEO of JPMorgan Chase, the largest bank in the United States, has emphasized the importance of military alliances amid rapidly changing geopolitical conditions.
In an interview with Fox Business scheduled to air on June 2 (local time), Dimon said, "If you look at the big picture, tectonic plates are shifting," adding, "We need to understand this." He went on to mention not only changes in the global economy but also horrific wars, worldwide proxy terrorist activities, North Korea, and the potential proliferation of nuclear weapons as examples of geopolitical changes.
Known as the "Emperor of Wall Street," Dimon stressed, "The most important thing is to maintain military alliances," and emphasized that "it is crucial to bear all necessary expenditures to ensure we have the strongest military in the world and to unite Western military alliances as one."
Dimon stated, "If countries around the world decide they can no longer rely on the United States for military protection, they will seek other alternatives," adding that acquiring nuclear weapons could become a realistic option. He further said, "To make the world safe and free for democracy, maintaining military and economic alliances is key," and added that the United States should focus on policies that maintain, expand, and grow its economic alliances, including supporting a stronger Europe.
Regarding President Donald Trump's reciprocal tariff policies, Dimon said they were "somewhat excessive," and assessed that "the best we can hope for is to wrap up important matters with about 15 major trading partners."
Fox Business also reported that Dimon pointed out the increase in U.S. debt and urged politicians to focus on other factors that can drive economic growth after completing tax cut legislation.
According to foreign media outlets such as The Independent, Dimon also addressed these changes in international affairs during his speech at the "Reagan Economic Forum" on May 30, stressing that for national security, investment should be made in defense rather than Bitcoin. He said, "We should not be stockpiling Bitcoin. We know what we need. This is not a mystery," emphasizing that guns, ammunition, tanks, airplanes, drones, and rare earth elements should be prioritized.
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