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Speaking at a conference at the National Institute of International Finance, JPMorgan Chase CEO Jamie Dimon warned that a global conflict involving nuclear powers is imminent.
“World War III has already begun. Battles are already being fought on the ground and are being coordinated across multiple countries,” Dimon said at the annual event in Washington, D.C., on October 24.
He described nuclear proliferation as a greater existential threat than climate change, citing the growing cooperation between China, Russia, Iran and North Korea against Western powers.
Dimon revealed that JPMorgan is preparing extreme scenarios to address such a conflict. With global tensions escalating, his remarks raised questions about how to protect investments in uncertain times. Experts like Warren Buffett advise not to hold cash, but instead to focus on productive assets such as farmland and real estate, which offer stability in times of crisis.
Dimon’s comments coincided with the conclusion of the BRICS summit, where Brazil, Russia, India, China and South Africa were able to deepen their cooperation with a group of non-Western countries such as Iran, Egypt and the United Arab Emirates.
