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top executive at JP Morgan has sounded the alarm about the beginning of World War III, but one expert told Newsweek it's not time to panic yet.
The banking institution's CEO Jamie Dimon said in a recent speech at the Institute of International Finance that the current conflict in Ukraine and the Middle East has already begun a third world war.
Dimon previously called Russia, North Korea and Iran an "evil axis" that, alongside China, will hurt institutions like NATO.
"And they're talking about doing it now," Dimon said at the event. "They're not talking about waiting 20 years. And so the risk of this is extraordinary if you read history."
JPMorgan Chase CEO Jamie Dimon speaks at The Institute Of International Finance annual membership meeting at the Ronald Reagan Building on October 24, 2024 in Washington, DC. Dimon warned about the potential of a WWIII.... More Kevin Dietsch/Getty Images
Due to this, a larger world conflict may not be a matter of if, but when.
"World War III has already begun. You already have battles on the ground being coordinated in multiple countries," Dimon said.
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