Jamie Dimon says the global order is at risk — and raging conflicts could explode into World War 3

• JPMorgan CEO Jamie Dimon said US adversaries want to dismantle nan world order.
• The slope main said nan Russia-Ukraine and Israel-Gaza conflicts could escalate into World War III.
• Dimon said atomic proliferation was nan top threat to mankind.

Jamie Dimon says US adversaries want to topple nan world order, and nan Russia-Ukraine and Israel-Hamas conflicts could detonate into a caller world war.

China and Russia are "clearly talking astir dismantling nan system" established by Western nations aft World War II, and "the consequence of this is extraordinary," nan JPMorgan CEO said astatine nan Institute for International Finance's yearly gathering successful Washington, DC connected Thursday. Business Insider obtained a signaling of his comments.

Dimon emphasized nan consequence that world warfare could break out, citing his humanities knowledge and a caller Washington Post article that said, "World War III has already begun."

"You already person battles connected nan crushed being coordinated successful aggregate countries," nan billionaire banker said. The fighting could diminish and bid deals mightiness beryllium struck, but "mistakes happen," he said.

"So, to me, we shouldn't beryllium naive," Dimon said. "We can't return nan chance this will resoluteness itself. We person to make judge that we are progressive successful doing nan correct things to get it resolved decently for nan liking of nan free antiauthoritarian Western world for nan adjacent 100 years."

Dimon underlined nan trouble of preparing for what mightiness dishonesty ahead. "We tally scenarios that would daze you. I don't moreover want to mention them."

The slope main pointed to Russian President Vladimir Putin's warfare against Ukraine arsenic a peculiarly sedate threat.

"We person to beryllium rather clear that we can't person a bad result there," he said. "We've ne'er had a business wherever a man is threatening atomic blackmail," adding: "If that doesn't scare you, it should."

Dimon besides said nan dispersed of atomic weapons exertion was nan "biggest consequence mankind faces." He said that if Iran secures a atomic explosive past galore different countries will too, "and past folks, it's conscionable a matter of clip earlier these things are going disconnected successful awesome cities astir nan world."

Dimon has been sounding nan alarm connected world threats for a while. In JPMorgan's third-quarter net this month, he said geopolitical conditions were "treacherous and getting worse."

How nan conflicts are resolved could person "far-reaching effects connected some short-term economical outcomes and much importantly connected nan people of history," he added.

Ray Dalio, different Wall Street billionaire and a financial historian, said past October that nan chance of a world warfare involving nan US and China had jumped from 35% to 50% complete nan erstwhile 2 years.