CEO of JPMorgan, Jamie Dimon, signals increasing war threats and calls the current world order in danger

In a strong message, JPMorgan Chase CEO Jamie Dimon recently highlighted the threats to global stability, warning that escalating conflicts such as Russia-Ukraine and Israel-Gaza could spiral into a third world war. In a recording of a recent financial conference in Washington obtained by Business Insider, Dimon emphasized that countries like China and Russia appear intent on dismantling the post-World War II world order. whose risk he called “extraordinary.”

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Dimon’s concerns extend to nuclear proliferation, which he considers the greatest risk to humanity. If countries like Iran develop nuclear capabilities, he said, a domino effect could lead to widespread acquisition of nuclear weapons, escalating the threat of nuclear warfare.

He explained that these geopolitical conflicts could reshape history have enormous economic consequences.

“You already have battles coordinated in multiple countries,” Dimon said, as quoted by BI. “The fighting could subside and peace deals could be reached, but ‘mistakes happen,’” he said.

“So as far as I’m concerned, we can’t be naive,” the banker continued. “We cannot take the risk that this will resolve itself. We need to make sure we are involved in doing the right things to solve it the right way, for the sake of the free democratic Western world for the next 100 years.”

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Reinforcing Dimon’s warning, fellow billionaire Ray Dalio also noted last year that the likelihood of conflict between the US and China is increasing, adding another layer of complexity to global economic stability, BI reported. Dimon’s message is clear: securing peace is crucial for long-term prosperity in today’s turbulent climate.

Dimon’s comments come at a time when global tensions are also impacting economic strategies. The economic fallout is hard to ignore as supply chains come under increasing strain and countries shift to self-sufficiency. For investors, this translates into increased uncertainty.

JPMorgan’s CEO emphasized the need for this global leaders to recognize the risks of nuclear proliferation and geopolitical instability. He said failure to tackle these problems with “the right things” could have serious consequences for economic growth and security.

“We have to be very clear that we cannot have a bad outcome there,” he said. “We have never had a situation where a man threatened nuclear blackmail,” adding, “If that doesn’t scare you, it should.”

Dimon has suggested that diplomacy and strategic engagement may be the only ways to curb rising threats, but he remains cautious about whether current world leaders will take action.

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This article CEO of JPMorgan, Jamie Dimon, signals increasing war threats and calls the current world order in danger originally appeared on Benzinga.com