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JPMorgan's Jamie Dimon calls on US to stockpile bullets, rare earth instead of bitcoin.
Fox News ^ | 5.30.2025 | Emma Colton

Posted on 05/31/2025 6:08:54 AM PDT by Carriage Hill

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."

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: banglist; bitcoin; bullets; enemywithin; guns; howaboutboth; jamiedimon; rareearthmetals; rareearths
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To: TheThirdRuffian

Nice! Dang.


21 posted on 05/31/2025 6:47:08 AM PDT by FreedomPoster (Islam delenda est)
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To: Carriage Hill

What’s old is new again. Those with long memories can recall when the US government did just that. Enormous stockpiles of strategic minerals and rare earths critical to aerospace and defense in the event of war. Planners knew that before synthetic rubber was developed the US was severely hampered by the loss of tires during World War II. Gasoline was rationed domestically mainly to save On automobile tire wear. Pearl Harbor was attacked in December 1941, by February rationing of tires (and practically everything else) was enacted. Possession of more than five (5) tires was a federal offense.

To buy a fresh tube of toothpaste, the empty one had to be returned. I’m not sure there are any wheel bearing manufacturers in the USA today. Our national defense has been purposefully, systematically gutted for decades.


22 posted on 05/31/2025 6:54:59 AM PDT by Freedom4US
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To: Carriage Hill

Brass,Copper and Lead are my
Precious Metals.
.
.


23 posted on 05/31/2025 6:55:52 AM PDT by Big Red Badger (ALL Things Will be Revealed !)
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To: Carriage Hill

I have been aware and stockpiling since 1996. My son and two sons in law also.


24 posted on 05/31/2025 7:06:04 AM PDT by exnavy (See article IV section 4 of our constitution.)
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To: delta7
He must be following Martin Armstrong’s Socrates computer forecasts,


25 posted on 05/31/2025 7:09:53 AM PDT by Pilsner
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To: Carriage Hill
This was the same clown who went on and on about how crypto currencies were bad, evil, wicked and a scam and said he would fire any bank employees who owned any crypto.

He said all this, then later it was revealed that JP Morgan has been building a big crypto portfolio. Evidently the lying sack of crap is bullish about the crypto market judging by these comments.

“Never believe anything until it's been officially denied.’’ Otto Von Bismarck

26 posted on 05/31/2025 7:12:06 AM PDT by FLT-bird
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To: FreedomPoster

Can’t afford the latest M1A3 so may have to look at an old entry level M1. All my neighbors have the latest tanks so I park mine in the back behind the fence to hide my shame.


27 posted on 05/31/2025 7:12:46 AM PDT by wgmalabama (For rent —)
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To: Carriage Hill
Already have it on vinyl


28 posted on 05/31/2025 7:13:12 AM PDT by P.O.E. (Pray for America.)
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To: FreedomPoster
My sense is that most FReepers are ahead of the curve on some of that.

Yeah, some.

I've never heard a Freeper relate how they lost their yttrium stockpile in a tragic boating accident.

29 posted on 05/31/2025 7:13:26 AM PDT by Pilsner
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To: DesertRhino

DING! Ya done broke the code.

If he’s telling you not to buy it, that means he’s bullish and is trying to jaw the price down while the bank buys up just as much of it as they can.


30 posted on 05/31/2025 7:13:49 AM PDT by FLT-bird
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To: Carriage Hill

Good advice. In an emergency, bitcoin will be worthless as governments ban it.


31 posted on 05/31/2025 7:17:40 AM PDT by Socon-Econ (adi)
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To: Socon-Econ

Multiple governments including China have tried to ban bitcoin multiple times. Needless to say, they have all failed every time.


32 posted on 05/31/2025 7:19:16 AM PDT by FLT-bird
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To: Carriage Hill

He must be reading old FR posts - buy bullets, not gold. ;-)


33 posted on 05/31/2025 7:20:13 AM PDT by PAR35
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To: Pilsner

I’m good on yttrium, but I’m a little short on neodyium.


34 posted on 05/31/2025 7:22:38 AM PDT by FreedomPoster (Islam delenda est)
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To: P.O.E.

LOL!
I remember them.


35 posted on 05/31/2025 7:22:49 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: FreedomPoster

Neodymium


36 posted on 05/31/2025 7:22:58 AM PDT by FreedomPoster (Islam delenda est)
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To: wgmalabama

You could also have a realistic painting of the latest in tanks painted on the fence that hides your shamemobile. Remember my friend, code enforcement is always looking for old tanks up on blocks.


37 posted on 05/31/2025 7:24:18 AM PDT by Qwapisking ("The left will rue the day they cheated Trump out of the 2020 election forever" L.Star )
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To: Carriage Hill

After that healthcare CEO was shot, do you think bank CEOs are starting to feel a little uncomfortable?


38 posted on 05/31/2025 7:24:35 AM PDT by alternatives?
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To: wgmalabama
Tanks are so 20th Century. Buy drones.
39 posted on 05/31/2025 7:25:24 AM PDT by PAR35
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To: FreedomPoster

Yuppers...
Unobtanium!


40 posted on 05/31/2025 7:26:25 AM PDT by Big Red Badger (ALL Things Will be Revealed !)
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