WATCH: JPMorgan official urges US to stockpile guns and ammo as first option

May 31, 2025

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From Fox News: The United States should stockpile guns, ammunition and drones instead of bitcoin, JPMorgan Chase CEO Jamie Dimon said Friday at the inaugural Reagan National Economic Forum in California.

“We shouldn’t be stockpiling bitcoins,” Dimon said when asked about how industrial policy is entwined with national security policies during a panel. “We should stockpiling guns, bullets, tanks, planes, drones, you know, rare earths. We know we need to do it. It’s not a mystery.”

Bitcoin is a decentralized digital currency that operates outside of banking or government authority. President Donald Trump signed an executive order in March establishing a Bitcoin reserve, which he described as “a virtual Fort Knox for digital gold.”

“We should be stockpiling bullets,” he continued. “Like, you know, the military guys tell you that, you know, if there’s a war in the South China Sea, we have missiles for seven days. Okay, come on. I mean, we can’t say that with a straight face and think that’s okay. So we know what to do. We just got to now go about doing it. Get the people together, roll up our sleeves, you know, have the debates.”

WATCH his sobering warning in the video below:

Dimon also warned that America’s real concern should be the “enemy within.”

“China is an adversary, but what I really worry about is the enemy within. Can we get our own act together, our own values and capabilities. This time is different… we have to get our act together and quickly.”

“Jamie Dimon is right,” Elon Musk responded on X.

Jamie Dimon is not fucking around today…

“China is an adversary, but what I really worry about is the enemy within. Can we get our own act together, our own values and capabilities. This time is different… we have to get our act together and quickly.” pic.twitter.com/Vd9NxQJbYg

— Geiger Capital (@Geiger_Capital) May 30, 2025

Dimon literally blasted the Biden administration over open borders and the push for electric vehicles.

WATCH:

Jamie Dimon dropping BOMBS:

“Immigration… what the hell were we doing? The bottom 20% of our population’s wages haven’t gone up in 20 years. The Biden admin was wasting so much money on “green” stuff that we know won’t work… meanwhile our schools don’t work.” pic.twitter.com/Z58MEiGXhM

— Geiger Capital (@Geiger_Capital) May 30, 2025