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 ...
Nice! Dang.
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.
Brass,Copper and Lead are my
Precious Metals.
.
.
I have been aware and stockpiling since 1996. My son and two sons in law also.
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
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.
Yeah, some.
I've never heard a Freeper relate how they lost their yttrium stockpile in a tragic boating accident.
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.
Good advice. In an emergency, bitcoin will be worthless as governments ban it.
Multiple governments including China have tried to ban bitcoin multiple times. Needless to say, they have all failed every time.
He must be reading old FR posts - buy bullets, not gold. ;-)
I’m good on yttrium, but I’m a little short on neodyium.
LOL!
I remember them.
Neodymium
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.
After that healthcare CEO was shot, do you think bank CEOs are starting to feel a little uncomfortable?
Yuppers...
Unobtanium!
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