JPMorgan CEO Jamie Dimon warns a Russian victory in Ukraine could shatter global alliances, reshape the world economy, and force nations to question whether they can still rely on America. 🇺🇸 Asked what a Russian victory in Ukraine would mean for the global economy, Dimon responded: “It could be a potential disaster. This is the first war in Europe where a free, democratic nation was invaded by 200,000 or 300,000 Russian soldiers under the threat of nuclear blackmail. We’ve never had nuclear blackmail before. You’re also teaching the whole world that maybe having nuclear weapons is a pretty good thing, because people will be afraid of you, and you can abuse a neighbor if you feel like it. Russia would be on the border of NATO. Obviously, NATO is rearming right now. But the other thing is, it’s affecting all alliances, military alliances and global economic alliances. And the nexus of Iran, North Korea, and China makes it very hard, in my view, for the Chinese-American relationship. China says they’re neutral, but they’re helping. We are clearly not neutral. If Russia wins, you might see a lot of people deciding: Will America stand up for Europe? Can you rely on them? And if you can’t rely on them, what are you going to do? That includes economically. Every nation is going to say, what makes me secure? Energy, food, all the things I need. I’m worried that if Russia wins, you could see the world enter a little bit of chaos as people realign alliances and economic relationships.”

JPMorgan CEO Jamie Dimon mocks The Economist during a tense exchange after being told he’s sounding like Trump: “I’m not Trumpian. I’m factual.” 🇺🇸 Interviewer: “You’re sounding Trumpy.” Jamie Dimon: “I’m not Trumpian. I’m factual. I don’t agree with this binary shit that goes on all the time. I think The Economist is the absolute best, most admirable thing in the world, and you should continue that.” Dimon delivers the last line with apparent sarcasm, poking fun at the publication while pushing back against the idea that agreeing with Trump on certain issues makes him a Trump supporter.

Palmer Luckey explains why China is advancing so rapidly in technology and why the United States is struggling to keep up 🇺🇸🇨🇳 “The reason China is doing so well with advanced technology isn’t that they have a lot of people. It’s that they made a series of decisions that make high-tech companies much faster and much more effective. They have very low-cost energy. You can complain about all of their coal plants, but the net output is that they have a very, very low cost of energy. You have a really favorable labor environment. You have a very favorable logistics and supply chain world. You have very favorable laws regarding the extraction and processing of metals, minerals, and rare earths. People ask me, ‘Palmer, what can we do to catch up with China?’ I say, ‘We need way more energy. We’re probably going to need to burn a lot more fossil fuels, and we’re probably going to need to relax labor laws.’ And they say, ‘I want to catch up with China, but I don’t want to do any of the things they’re doing to lead.’ You have to make a choice at some point. It’s not really possible to say, ‘I want to win, but I’m not willing to do anything to do that.’”

Jamie Dimon, CEO of JPMorgan Chase, on Iran, American strength and Western economic alliances 🇺🇸 “Iran having a nuclear weapon may be the biggest threat facing mankind, because if they have it, so will Egypt, Saudi Arabia, UAE, Kuwait, South Korea, Philippines, Japan, Australia… and then I don’t know how to stop real proliferation at that point. We must maintain the strongest military in the world. That is the best protection against anything you see today or that you don’t see today. And foundational to that is the best economy in the world. They’ve got to go hand-in-hand. If you want to keep the dollar as the reserve currency, if we’re not the preeminent military and the preeminent economy in the world in 30 years, we will not be the preeminent reserve currency. Economic allies are critical. We have a huge, huge common interest. We have a common value system and common interests. We should protect each other. We should go to Europe and say, ‘If you do the right things, we’ll give you one big, beautiful free-trade deal.’ They’re struggling. They’re literally slowly walking off a cliff over time, and they need our help. I want to keep it together. I’d like to make those economic ties stronger, not weaker.”

Jamie Dimon, CEO of JPMorgan Chase, on taxes driving businesses and workers out of New York 🇺🇸 “We had 35,000 in New York City, and now it’s 26,000. We had 12,000 in Texas, and now it’s 33,000. That is because of individual taxes, corporate taxes, state taxes… but also the schools in Dallas have become very good. The life in Dallas… it’s pro-business, and people are living there. I grew up in New York City. In the ’70s, 120 of the Fortune 500 were in New York City. In those 10 years, about half left, failed, or merged out—mostly because of things like taxes and crime. People want to pay fair taxes. That’s not the point. But once you overdo it, people leave.

Jamie Dimon, CEO of JPMorgan Chase, on whether China is beating America 🇺🇸 “That’s a real stretch. China has a $15,000 per-person GDP. The U.S. is $85,000, with the most dynamic economy and prosperous the world has ever seen. We have 40 military alliances, 140 economic alliances. They have one. They’ve done a great job in so many things, but they still import 10 million barrels of oil a day. Are they going to be the best economic or military alliance for a lot of people out there who are mad at America? Probably not. So, you know, I’d take a deep breath on that one.”