America's Largest Bank Warns About WW III

[Jason]

MSN

Dimon revealed that JPMorgan is preparing extreme scenarios to address such a conflict. With global tensions escalating, his remarks raised questions about how to protect investments in uncertain times. Experts like Warren Buffett advise not to hold cash, but instead to focus on productive assets such as farmland and real estate, which offer stability in times of crisis.

And what good is even farmland and real estate after nuclear war?

He described nuclear proliferation as a greater existential threat than climate change, citing the growing cooperation between China, Russia, Iran and North Korea against Western powers.

Now is the change of heart? Republicans have got to be laughing.

 

[Tracy]

And what good is even farmland and real estate after nuclear war?

In reality.. guns and ammo are more important.
Beans and rice follow closely behind.

 

[joelr]

They did say this was an extreme scenario for purposes of the superrich investors to hedge long tail risks.

My take on Buffets statement is to own physical assets, which actually means something in the real world, rather than financial assets, which are valued at whatever financial markets want to value them at in the moment.

 

[Jason]

In reality.. guns and ammo are more important.
Beans and rice follow closely behind.

No kidding.

 

[Tracy]

No kidding.

An item that a lot of folks don't think about is tobacco. There are a LOT of folks that still smoke, dip or chew. And tobacco is a valid currency for barter.
Frequently folks think about precious metals or stones. But they overlook the things that keep civilization "happy".

 

[Jason]

An item that a lot of folks don't think about is tobacco. There are a LOT of folks that still smoke, dip or chew. And tobacco is a valid currency for barter.
Frequently folks think about precious metals or stones. But they overlook the things that keep civilization "happy".

How can tobacco grow in such a world?

 

[Tracy]

How can tobacco grow in such a world?

Not seed, but processed. Buy pounds and pounds of something like VaPers, English Blend or similar pipe tobacco and place it in mason jars. Will keep for years and years and years. In fact, I have some that I just cracked open that is around 10 years old and it's better today than when I jarred it up.

 

[Jason]

Not seed, but processed. Buy pounds and pounds of something like VaPers, English Blend or similar pipe tobacco and place it in mason jars. Will keep for years and years and years. In fact, I have some that I just cracked open that is around 10 years old and it's better today than when I jarred it up.

I don't think lung cancer would mean much in that world, lol.