Putin is using ‘nuclear blackmail’ and Russia defeating Ukraine could spark global chaos and economic disaster, Jamie Dimon warns [Video]

A Russian victory in Ukraine could throw the world into disarray, transform the global economy, and trigger nuclear proliferation and further conflicts, Jamie Dimon warned.

“It could be a potential disaster,” the JPMorgan CEO told The Wall Street Journal this week.

Dimon emphasized that Russia has invaded a free, democratic nation and threatened nuclear war to deter resistance.

“We’ve never had nuclear blackmail before, which is also teaching the whole world that maybe having nuclear weapons is a pretty good thing because people will be afraid of you — you can abuse a neighbor if you feel like it,” he said.

The boss of America’s biggest bank cautioned that if Russia conquers Ukraine, other countries may question whether they can rely on the US to defend them from military assaults, or to have their back on the “economic battlefield,” Dimon said.

Governments worldwide will reassess the security of their food, energy, and other critical resources, and might decide to partnerwith other …