JPMorgan Chase CEO Jamie Dimon argued at the inaugural Reagan National Economic Forum in California that the U.S. should should stockpile guns, ammunition and drones rather than Bitcoin.“We should stockpiling guns, bullets, tanks, planes, drones, you know, rare earths. We know we need to do it. It’s not a mystery,” Dimon said, referencing President Donald Trump's executive order in March that established a Bitcoin reserve.Dimon is by now well known for his dislike/disapproval of cryptocurrencies (even though his own bank now allows clients to trade them); which should come as no surprise since the concept of sovereignty and democratizing finance is the nemesis of the established 'trust us with your cash' regime of banking rent-seekers.“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.”
