The head of America’s largest bank told an audience at the Institute of International Finance that his team is running scenarios in preparation for a global conflict involving nuclear powers.
Jamie Dimon, CEO of JPMorgan Chase, told the crowd that war was imminent and nuclear proliferation was a greater existential threat than climate change.
“World War III has already begun. You already have battles on the ground being coordinated in multiple countries,” Dimon said at the annual event in Washington, DC on Oct. 24.
Dimon also claimed the cooperation between China, Russia, Iran, and North Korea to dismantle the Western world order far outweighed any financial issues.
Western powers, including NATO allies, have been pitted against Russia after it invaded Ukraine in 2022. Meanwhile, North Korea has sent an estimated 12,000 soldiers to fight with Russia in Ukraine, CNN reported.
Iran has become involved in the Israel-Palestine conflict, firing missiles on the West’s closest ally in the Middle East, and tensions continue to rise with China following its crackdown in Hong Kong and threatening Taiwan's sovereignty.
JPMorgan Chase has “run scenarios that will shock you” in preparation for a global conflict, Dimon told the audience.
