The world's most powerful banker isn't mincing words anymore. Honestly, it’s getting a bit scary. Jamie Dimon, the CEO of JPMorgan Chase, has spent the last year dropping breadcrumbs—and more recently, actual boulders—about the state of global security. He isn't just talking about a "bad quarter" or a "market correction" anymore.
He's talking about the end of the world as we know it.
During a series of high-stakes summits, most recently at the Institute of International Finance in late 2024 and continuing into the early days of 2026, Dimon has repeatedly stated that World War III has already begun. You might think that sounds like hyperbole. It isn't. Not when the guy who moves $10 trillion a day across 160 countries is the one saying it.
He’s looking at the "evil axis" of Russia, Iran, and North Korea, with China sitting on the fence, and he sees a coordinated effort to dismantle the Western world. To him, the battles in Ukraine and the Middle East aren't isolated incidents. They are the opening salvos of a global realignment.
Why Jamie Dimon Warns of Imminent WWIII
Dimon's logic is pretty straightforward, though the implications are massive. He points to the fact that we have major powers—nuclear-armed powers—openly coordinating military strategies for the first time in decades.
It’s about the "tectonic plates" shifting.
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In his 2024 annual letter and subsequent talks at the Reagan National Defense Forum, Dimon highlighted that the "false sense of security" the West enjoyed since 1945 is dead. We relied on the idea that trade would stop wars. We thought that if everyone had a McDonald's, nobody would shoot at each other.
We were wrong.
The CEO warns that nuclear blackmail is back on the menu. If Vladimir Putin or the regime in Iran feels backed into a corner, the old rules of "mutually assured destruction" might not hold up like they used to. This is why he calls it the most dangerous time for the world since 1941.
The "Shocking" Scenarios at JPMorgan
You've got to wonder what goes on in the basement of JPMorgan. Dimon admitted that his risk-management teams have run economic scenarios that would "shock" the average person.
- Supply Chain Collapse: Imagine every chip, every rare earth mineral, and every gallon of oil being used as a weapon of war.
- Hyper-Inflation: Dimon thinks we are headed for "stickier" inflation. He’s prepared the bank for interest rates to hit 8% or higher if the global order breaks.
- Infrastructure Sabotage: Cyber warfare is the invisible front line Dimon worries about daily.
Jamie Dimon Urges Protection Strategies for Everyone
So, what are we supposed to do? Sit and wait? Dimon doesn't think so. He has a very specific set of recommendations, and surprisingly, they aren't all about buying stocks.
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1. National Level: Stockpiling and Strength
Dimon recently caused a stir by telling the U.S. government to stop obsessing over Bitcoin and start obsessing over bullets. He literally told the Reagan National Economic Forum in May 2025 that the U.S. should be stockpiling:
- Guns and ammunition
- Tanks and drones
- Rare earth minerals
He noted that if a war broke out in the South China Sea today, the U.S. might run out of certain missiles in just seven days. That’s a terrifying thought for the world's supposed superpower.
2. Personal and Business Protection
For the rest of us who don't run a country, the strategies are about resilience. Dimon emphasizes that "the walls protecting any company are not particularly high."
Cash and Liquidity
Keep your powder dry. In a world where the "determinative factor" of the economy is a war, having access to liquid assets is everything. Dimon has famously kept JPMorgan in a position of "fortress balance sheet" strength, and he suggests individuals do the same. Don't be over-leveraged when the music stops.
Diversification Beyond the S&P 500
Most people have their entire retirement tied to ten big tech stocks. Dimon points out that if the geopolitical order fractures, those companies are the most vulnerable to supply chain shocks. He has personally noted that in this chaotic environment, Gold could easily climb to $10,000 an ounce. It's a classic hedge for a reason—it doesn't rely on a government's ability to pay its debts.
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The "Enemy Within" Strategy
Interestingly, Dimon argues that the best protection against external war is fixing internal rot. He calls political polarization the "enemy within." For a business or a family, this means building strong, local networks and ensuring you aren't reliant on a single, fragile system for your survival.
Is it too late to prepare?
Dimon isn't a doomer. He's a pragmatist. He believes the U.S. still has the "moral, military, and economic power" to lead, but only if it wakes up.
Mistakes happen. That's his biggest fear. A small skirmish in the Red Sea or a miscalculation in the Taiwan Strait could spiral before anyone can hit the brakes. He wants us to stop being naive. The peace we’ve known for 80 years was an anomaly, not the default state of humanity.
Actionable Steps for the Uncertain Road Ahead
If you're looking at your portfolio or your business plan and feeling the sweat start to bead, here is what Dimon’s warnings suggest you do right now:
- Stress Test Your Life: Run your own "shocking scenarios." What happens to your income if the internet goes down for a week? What happens if gas prices double overnight due to a Middle East blockade?
- Hard Assets Over Paper: Look at things with intrinsic value. Whether it's real estate, physical commodities, or even just a deep pantry, "stuff" matters more than "claims on stuff" during a hot war.
- Watch the Fed: Dimon is currently vocal about protecting the Federal Reserve’s independence. If the Fed becomes a political tool, inflation protection becomes your number one priority.
- Invest in Defense: Whether it's the $1.5 trillion JPMorgan is funneling into national security industries or simply investing in cybersecurity for your own home, protection isn't an expense—it's a necessity.
The "tectonic plates" are moving. You can either be standing on the fault line or moving to higher ground. Jamie Dimon has made his choice; the question is whether the rest of the market will listen before the next major tremor hits.
Strategic Priorities for 2026
| Priority Area | Action Step |
|---|---|
| Capital | Maximize liquidity; reduce high-interest debt immediately. |
| Assets | Diversify into physical gold or "hard" commodities to hedge against $10,000/oz scenarios. |
| Security | Audit digital vulnerabilities and supply chain dependencies (where your food/energy comes from). |
| Perspective | Move away from "soft landing" optimism; prepare for a "long-term struggle" mindset. |
To stay ahead of these shifts, focus on building a "fortress" around your personal finances. This means prioritizing "real" value—skills, physical assets, and local resilience—over speculative gains that rely on a peaceful global status quo that Jamie Dimon says is already a thing of the past.