JPMorgan’s CEO Just Went Full Doomsday Economist

Bullets > Bitcoin

June 02, 2025

Most people still think Bitcoin is the ultimate escape hatch.

Jamie Dimon — CEO of JPMorgan — just said otherwise.

In a rare, candid moment that sounded more prepper than Wall Street power player, Dimon warned:

“The U.S. should be stockpiling bullets and rare earths… not Bitcoin.”

Not because he thinks crypto is useless.

But because currency means nothing if you can’t control the resources that back real power.

This wasn’t a financial forecast.

It was a geostrategic escalation warning.

Why Now? Because the Game Just Changed.

🔻 The dollar is still global — but it's no longer default.

In the 20th century, the U.S. dollar wasn’t just a medium of exchange — it was an empire in your wallet.

That worked because:

  • U.S. military dominance enforced trust

  • U.S. manufacturing backed productivity

  • U.S. trade routes kept the energy flowing

But today:

  • Military deterrence is breaking down (Taiwan, Red Sea, Ukraine)

  • China dominates resource chains

  • Energy is bifurcating East vs. West

And money without muscle becomes just… paper.

History Rhymes (Ask Spain, Britain, or Rome)

  • Spain hoarded silver in the 16th century. It still went broke.

  • Britain ruled the seas — until it couldn’t afford to.

  • Rome debased its currency and expanded the military. The result? Collapse by bureaucracy and bad borders.

In every case, the reserve asset of the era outlived the power behind it — for a while.

But once control of resources shifted, the currency followed.

What Dimon’s Really Signaling: A “Hard Asset” Pivot

🧨 Bitcoin is an idea. Rare earth is leverage.
No nation can win a war with blockchain. But control lithium? You control the EV market. Control cobalt? You control chips. Control ammo? You control the street.

🧱 The Fed can fake liquidity. It can’t fake uranium.
When the U.S. has to borrow to defend itself… and its currency buys less each year… the only thing that retains value is what nobody can print.

🪖 This isn’t about inflation. It’s about survivability.
If Dimon’s right, the next great reserve asset may not be a currency — it may be a portfolio of control: metals, minerals, munitions.

What Becomes Money in a World That Breaks?

What Dimon said isn’t just economic commentary — it’s a worldview:

In an age of disorder, power replaces price.

And that’s what makes his warning so terrifying:

It’s not that Bitcoin won’t matter.

It’s that it won’t matter enough in a world where governments run short on physical leverage.

No bullets? No oil? No rare earth?

No dollar.

Until next time,
Death of the Dollar