- Jamie Dimon warns the dollar’s reserve role depends on the U.S. staying the world’s strongest economy and military — lose that edge, and the dollar could decline.
- He says the U.S. erred by relying on China for critical materials (rare earths, certain steels, aluminum) and argues we need to reshore strategic supply chains.
- Recent conflicts, including the Iran war, exposed U.S. production and sustainment weaknesses — JPMorgan has launched a $1.5 trillion, 10‑year initiative to bolster security and industrial resiliency.
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