Jamie Dimon: The Chinese Now Are All Over Latin America, All Over Africa and America Is Absent

SORKIN How do you ░░░░░░░░ this though Because it ░░░░░░░░ one thing to say ░░░░░░░░ this may be one ░░░░░░░░ the most dangerous times ░░░░░░░░ the world but is ░░░░░░░░ a 10 percent chance ░░░░░░░░ it s that this ░░░░░░░░ the most dangerous time ░░░░░░░░ how do you how ░░░░░░░░ you think about that ░░░░░░░░ it s also very ░░░░░░░░ to bet on the ░░░░░░░░ of the world DIMON ░░░░░░░░ I m not betting ░░░░░░░░ anything So when you ░░░░░░░░ do risk management we ░░░░░░░░ t look at risk ░░░░░░░░ saying well we don ░░░░░░░░ think it s going ░░░░░░░░ happen or we do ░░░░░░░░ at percentages like what ░░░░░░░░ the range of potential ░░░░░░░░ But my view is ░░░░░░░░ you have this kind ░░░░░░░░ risk you better deal ░░░░░░░░ it very seriously because ░░░░░░░░ chance of something going ░░░░░░░░ is high and if ░░░░░░░░ goes wrong the the ░░░░░░░░ of that would be ░░░░░░░░ So that s that ░░░░░░░░ just how I m ░░░░░░░░ at it And so ░░░░░░░░ I think every citizen ░░░░░░░░ the world the democratic ░░░░░░░░ should be looking at ░░░░░░░░ saying What can we ░░░░░░░░ to do a better ░░░░░░░░ And the first thing ░░░░░░░░ the military side You ░░░░░░░░ Ronald Reagan you know ░░░░░░░░ don t win from ░░░░░░░░ position of weakness you ░░░░░░░░ avoid war from a ░░░░░░░░ of strength We have ░░░░░░░░ do that And I ░░░░░░░░ we should be supporting ░░░░░░░░ enterprise as a nation ░░░░░░░░ Bob Gates wrote a ░░░░░░░░ which is brilliant but ░░░░░░░░ first chapter of a ░░░░░░░░ called Exercise of Powers ░░░░░░░░ of Power and he ░░░░░░░░ about how we overused ░░░░░░░░ misused sometimes our military ░░░░░░░░ but underused development finance ░░░░░░░░ like the benefits of ░░░░░░░░ free and freedom of ░░░░░░░░ and freedom of religion ░░░░░░░░ freedom of enterprise communications ░░░░░░░░ that economic relationships diplomacy ░░░░░░░░ I travel around the ░░░░░░░░ You know America is ░░░░░░░░ in some places The ░░░░░░░░ now are all over ░░░░░░░░ America all of Africa ░░░░░░░░ m not against them ░░░░░░░░ m simply saying we ░░░░░░░░ to do a better ░░░░░░░░ at that And if ░░░░░░░░ look at our development ░░░░░░░░ finance and some of ░░░░░░░░ stuff those efforts have ░░░░░░░░ coming down for years ░░░░░░░░ so we we need ░░░░░░░░ thoughtfully and strategically handle ░░░░░░░░ problem.”