CEO Jamie Dimon painted a bleak picture for investors on Thursday.
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The most influential banker in the United States, CEO of JP Morgan Chase Jamie Dimon says that World War III has already begun.
According to the Marketwatch website, Dimon told an investor conference on Thursday that the enemies of the United States, China, Russia, North Korea and Iran, are joining forces in the wars in Ukraine and the Middle East.
According to Dimon, these parties want to destroy the international system that was built under the leadership of the United States after World War II.
“The risk is huge. World War III has already begun. Different states are coordinating the battles going on in many countries,” Dimon said, according to Marketwatch.
According to Dimon, JP Morgan Chase anticipates different future options all the time. Based on them, nuclear annihilation is humanity’s greatest risk, greater than even climate change, Dimon said, according to Marketwatch.
Political popularity
Jamie Dimon has accumulated enormous political capital over the decades, The New York Times reports.
Dimon played a key role in buying Bear Stearns and Washington Mutual during the 2008 financial crisis. In the spring of 2023, Dimon was involved in helping to solve the market problems caused by the collapse of Silicon Valley Bank.
The New York Times reported earlier this week that Dimon is endorsing the US presidential election Terrible Harris and would be willing to take over as Treasury Secretary in the Harris administration if he wins. Dimon is registered as a Democratic Party voter.
However, according to Fox News, Dimon would be willing to accept the cabinet role from both Kamala Harris and From Donald Trump too. According to The New York Times, over the years Dimon has also considered joining the presidential race himself.
The article was originally published in Kauppalehti.
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