JP Morgan Boss Says World War Three Has Already Begun

One of JP Morgan’s top executives raised the alarm about the onset of the crisis World War IIIBut one expert said this news week It’s not time to panic yet.

Jamie Dimon, the banking institution’s CEO, said in a recent speech at the Institute of International Finance: Current conflict in Ukraine And Middle East The third world war has already started.

Dimon has previously described Russia, North Korea and Iran as “evil axis” that would harm China as well as similar institutions. NATO.

“And they’re talking about doing it now,” Dimon said at the event. “They’re not talking about waiting 20 years. So if you read the history, the risk of this is extraordinary.”

Therefore, it may not be a matter of if but when a larger world conflict will occur.

“World War III has already begun. There are already coordinated wars in multiple countries,” Dimon said.

Dimon said the United States should avoid being naive and allowing larger global events to happen without intervention.

“What we have to think about is, we can’t risk this solving itself. We have to make sure we’re doing the right things to get the problem resolved properly,” he added.

Still, the banking leader said there was a possibility that the threat of World War Three would diminish over time, but if things continued this way the consequences could be dire.

“I’m talking about the risk for us if this goes bad,” Dimon said. “We are running scenarios that will shock you. I don’t even want to talk about them.”

The threat of Russia becoming a nuclear power was one of Dimon’s most important concerns.

“We’ve never had a situation where a guy threatened nuclear blackmail. Something like: ‘If your military starts winning, we’ll introduce nuclear weapons,'” Dimon said. “If that doesn’t scare you, it should.”

Dimon said the proliferation of nuclear weapons is “the greatest risk facing humanity.”

“This is not climate change, this is nuclear proliferation,” he said. “We have to be very careful about what we’re trying to achieve over the next few years.”

The billionaire said that once nuclear energy is in the hands of countries, entire cities could be destroyed.

“It’s only a matter of time before these events start happening in major cities around the world,” Dimon said. “I think we need to have clarity and put a lot of things on the backburner to make sure this turns out right.”

Paul Beck, a political science professor at Ohio State University, said Dimon’s claims have merit, but he does not accept that World War III is inevitable.

The professor said that after the end of the Cold War in 1991, a relative peace was achieved between the USA and Russia, but the course could change.

“It now looks like things have escalated again with Russia and Ukraine and Russia’s efforts to influence the American election,” Beck said. news week.

“And of course there is an ongoing ‘cold war’ with Iran, escalated by Israeli and Chinese threats to Taiwan. Perhaps this is the beginning of World War III, but I’m not ready to accept that milestone yet .”

About a month ago, the former president and senior Republican contestant Donald Trump He said the United States was “coming very close to a global catastrophe” after Iran fired nearly 200 ballistic missiles at Israel.

“I’ve been talking about World War III for a long time, and I don’t want to make predictions because predictions always turn out to be right,” Trump said at a rally in Waunakee, Wisconsin. “But they are very close to global disaster.”

The Trump administration had previously imposed sanctions on Iran and also terminated the nuclear agreement signed by the Obama administration.

“When I became president, Iran was completely under control,” Trump said. “The Iranians were strapped for cash. Nobody was buying their oil. But ever since then, Iran has been exporting terrorism all over the world, and that’s unraveling. The whole Middle East is unraveling.”