Jaimie Dimon is the Chairman and CEO of America’s largest bank, JP Morgan Chase. In an exclusive interview with the British Broadcasting Corporation (BBC), Dimon said he believed the United States should invest in more military hardware. From bbc.com :
Global security has been a recent focus for the JP Morgan boss, with his letter to shareholders earlier this year warning the US would run out of missiles in seven days of a South China Sea war.
Reflecting on how the world could combat risk factors, he pointed to greater military investment.
“People talk about stockpiling things like crypto, I always say we should be stockpiling bullets, guns and bombs.
“The world’s a much more dangerous place, and I’d rather have safety than not.”
Dimon did not denigrate President Donald Trump. Dimon was not complimentary of President Donald Trump. The JP Morgan CEO believes the U.S. Federal Reserve was doing a good job. In the past, Dimon has skirted questions about JP Morgan Chase Bank’s stance on gun control. It appears he has tried to avoid the issue while pleasing and provoking both Second Amendment supporters and those who want a disarmed population.
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In his letter to Shareholders in the 2024 annual report, many of the policies supported by Dimon will sound familiar as policies supported by President Trump. Dimon makes the case that the USA must be militarily strong in order to survive and prosper.
The Atlantic, Pacific, and Arctic oceans do not present the barriers to the use of military force that existed even 60 years ago. Long-range bombers, intercontinental missiles, hypersonic missiles, cyber warfare, and the more common use of orbital space have made our ocean barriers far less effective. Peace depends on a strong military. This is the common observation made through thousands of years of history. From the letter:
As President Ronald Reagan once wisely said, “The only way to stay safe is peace through strength.” Having the best military is expensive, but it is not nearly as expensive as dealing with what would happen without it. We must maintain the world’s strongest military, without question.
This correspondent does not think Jaimie Dimon was talking about the approximately 530+ million firearms in private hands in the USA. Dimon does not mention them directly. Those arms significantly strengthen the United States Military. They make taking control of a hostile population more expensive and difficult, complicating actions by potential occupying forces. They aid in keeping a tradition of defense of country popular. They aid military recruitment. They assure the people of the United States the US government is more trustworthy than most other governments, as the ultimate authority of arms exists in the people themselves.
Chairman and CEO Dimon does not touch on the use of local and state militias to aid in domestic security. As seen in the Ukraine/Russia war, drone warfare can be an important part of homeland defense. This correspondent would like to see a national policy to integrate citizen drone operators into a system of state and local militias, which could make a militia system a more effective part of national defense.
Citizen operators of complex computer systems are already a major part of our defense of cyberspace. Alternate communications systems, such as an alternate Internet backbone operating from orbit (Starlink), could make the United States’ communications system more robust.
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About Dean Weingarten:
Dean Weingarten has been a peace officer, a military officer, was on the University of Wisconsin Pistol Team for four years, and was first certified to teach firearms safety in 1973. He taught the Arizona concealed carry course for fifteen years until the goal of Constitutional Carry was attained. He has degrees in meteorology and mining engineering, and retired from the Department of Defense after a 30 year career in Army Research, Development, Testing, and Evaluation.
every American should do just that stockpile weapons of defense
Well reasoned article Dean, as usual. Thank you.
“People talk about stockpiling things like crypto”What Kind of idiot would say we should stockpile crypto?As soon as any sizeable war occurs, one of the first weapons to be deployed is going to be EMP’s. The entire internet, along with all crypto, will be inaccessible.
This article brings up a conundrum. Why Israeli Mossad was able blow up Hamas terrorist pagers & cell phones, to destroy Irans defensive capabilities, kill Hamas terrorists inside Iran in a couple days? Intelligence. Patriotism. Resolve. (Knowing how to STFU) when needed for years about an operation. Does anyone on here actually think we the USA have the capability of truly covert intelligence? These Karen’s can’t figure out who leaked the overturning of Roe v Wade. They Docx Ice all day long. No way the left could keep a secret that long. We the 2A Patriots could defend a ground… Read more »
Back in 1941, after the attack on Perl Harbor, Yamamoto, the man who planned the attack was asked why he did not invade the U.S. mainland. He said, ” There would be a gun behind every blade of grass.” The average American who lives in free states is much more armed and supplied than those in 1941. If the day comes when America is invaded or there is an Oct 7th type of attack, you can bet that Joe Citizen will have nothing better to do than to engage and destroy the enemy. This will likely happen before the military… Read more »
After a quick read of this article, and having worked 18 years for JPMC, I’m left wondering how many shares of America’s Military Industrial Complex are we going to find in Jamie’s personal investment portfolio, that he now seeks to drive up the share prices of.
Dimon couldn’t care less about the plebs. He was speaking to his banker and billionaire pals.
We plebs are the ones they’re worried about.
I recognize that the banker rep is talking about the country on a national/government level. As many comments here are referring to much more local resistance to hypothetical threats by foreign military on their local soil, I will add this: I have enough ammo hoarded to last a 7-day war with Chi-coms or whoever and have organized my people so that there are two people reloading for every one of us who is shooting. I predict that when the SHTF, our barrels will be red hot, at least for a while. Also, while there is a lot of talk about… Read more »
Guns…CHECK….Ammo….HOARDING, CHECK ETERNALLY IN PROGRESS…..Bombs…NOW WE’RE TALKING!!!! Any advertised sales to note???
Guns/firearms: Check
Bullets/ammunition: Check
Bombs: Thanks to my large collection of Hollywood movies on DVD, I have many “bombs”…
😉