1. The US can't print rare earths on a relevant time horizon.
2. China is (unsurprisingly) not rushing to supply the US the rare earths we need to produce the weapons we plan on pointing at China. pic.twitter.com/HHjCmnydBH
— Luke Gromen (@LukeGromen) May 30, 2025
To hear a major bank CEO like Jamie Dimon say these things is surreal.
Sound we all be building bunkers? pic.twitter.com/H5Fe9enr3h
— QE Infinity (@StealthQE4) May 31, 2025
JPMorgan Chase CEO Jamie Dimon has issued a blunt warning about national security priorities, arguing that the United States should focus on stockpiling essential military supplies rather than Bitcoin. Speaking at the Reagan National Economic Forum, Dimon emphasized the need for weapons, ammunition, and rare earth minerals to safeguard the country’s future.
The banking titan has long been skeptical of cryptocurrency, repeatedly dismissing Bitcoin as a speculative asset with no intrinsic value. His latest remarks reinforce his stance, urging policymakers to prioritize tangible resources over digital assets. Dimon pointed to growing geopolitical tensions, particularly in the South China Sea, where he warned that the U.S. military has only seven days’ worth of missiles in the event of a conflict.
The message is clear. America must strengthen its defense capabilities instead of diverting attention to volatile financial instruments. Dimon’s comments come at a time when President Trump has signed an executive order establishing a national Bitcoin reserve, a move that has sparked debate over the role of digital currencies in economic strategy.
Dimon’s concerns extend beyond military preparedness. He criticized the government’s inefficiency, calling it a “Leviathan” that imposes burdens while failing to deliver results. His call for reforms in education, healthcare, and tax policy underscores a broader frustration with Washington’s inability to execute effective policies.
Sources:
https://www.yahoo.com/news/jpmorgans-jamie-dimon-calls-us-211927968.html