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JPMorgan’s Jamie Dimon calls on US to stockpile bullets, rare earth instead of bitcoin

SIMI VALLEY, Calif. — The United States should stockpile guns, ammunition and drones instead of bitcoin, JPMorgan Chase CEO Jamie Dimon said Friday at the inaugural Reagan National Economic Forum in California.
«We shouldn’t be stockpiling bitcoins,» Dimon said when asked about how industrial policy is entwined with national security policies during a panel. «We should stockpiling guns, bullets, tanks, planes, drones, you know, rare earths. We know we need to do it. It’s not a mystery.»
Bitcoin is a decentralized digital currency that operates outside of banking or government authority. President Donald Trump signed an executive order in March establishing a Bitcoin reserve, which he described as «a virtual Fort Knox for digital gold.»
«We should be stockpiling bullets,» he continued. «Like, you know, the military guys tell you that, you know, if there’s a war in the South China Sea, we have missiles for seven days. Okay, come on. I mean, we can’t say that with a straight face and think that’s okay. So we know what to do. We just got to now go about doing it. Get the people together, roll up our sleeves, you know, have the debates.»
ELON MUSK SAYS US NEEDS MANY HYPERSONIC MISSILES, LONG-RANGE DRONES: ‘ANYTHING MANNED WILL DIE VERY FAST’
Jamie Dimon joined the Reagan National Economic Forum in Simi Valley, California, May 30, 2025. (Marco Bello/Bloomberg via Getty Images)
Dimon joined a fireside chat during the Reagan National Economic Forum in Simi Valley, California, at the Reagan Presidential Library Friday for a sweeping discussion on the economy and how the world’s «tectonic plates are shifting» in geopolitics in the form of wars, proxy terrorists and the potential proliferation of nuclear weapons.
Dimon underscored during his address that he does not view China as America’s top adversary, and instead pointed his attention to the «enemy within» that could lead to the U.S.’ status as the world’s leader crater.
PALANTIR’S CEO WARNS THE US IS FACING A ‘LEGITIMATION CRISIS’ AS DEFENSE EXPERTS MEET AT REAGAN FORUM
«I’m not as worried about China,» Dimon said. «China is a potential adversary. They’re doing a lot of things well, they have a lot of problems. But what I really worry about is us. Can we get our own act together, our own values, our own capability, our own management?»

JPMorgan Chase CEO Jamie Dimon joins the Reagan National Economic Forum, May 30, 2025. (Fox News Digital )
«I always get asked this question: Are we going to be the reserve currency?» he said. «No. You know, if we are not the preeminent military and the preeminent economy in 40 years, we will not be the reserve currency. That’s a fact. Just read history.»
He referred to the U.S. government as a «Leviathan» that is too weak to carry out policies, while simultaneously imposing «things on the American public that they’re getting sick of.»
Dimon argued that instead, the U.S. needs to celebrate its long-held values.

A visualization of the virtual cryptocurrency Bitcoin. (Edgar Su/Reuters)
TRUMP, GOP COULD REPRISE RONALD REAGAN’S ‘PEACE THROUGH STRENGTH’ DEFENSE STRATEGY IN 2025
«Celebrate our virtues: freedom of speech, freedom of religion, freedom of enterprise, equal opportunity, family, God, country,» he said. «You know, and you can acknowledge the flaws that we have, which are extraordinary — what we did the Black population for years. Don’t denigrate the great things of this country, because those are two different things.»
«We don’t talk that much to each other — deal with our policies — this is the enemy within,» he continued. «We’ve got to fix our permitting our regulations our immigration our taxation, which I, I think they’re on their way. We have to fix our inner city schools, our health care system.»
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The Reagan National Economic forum kicked off Friday, and includes panels featuring Secretary of Energy Chris Wright, lawmakers such as Sens. Mike Rounds and Bill Cassidy, and leaders from the private sector, such as the CEO of Booz Allen Hamilton, Horacio Rozanski. The bipartisan event works to promote «President Reagan’s enduring belief in the power of the free market and individual opportunity to drive national prosperity,» according to forum organizers.
Politics,California,Economy,National Security
INTERNACIONAL
Reporter’s Notebook: A Paris jewel heist straight out of the movies

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Sometimes you get assigned stories that are different enough to make even veteran journalists raise their eyebrows. Sunday’s jewel heist at the Louvre in Paris is definitely one of them.
Four guys, using a cherry picker truck to scale the side of the museum, break through a second-floor window, scoop up to $100 million worth of French crown jewelry, and make off with the loot on motor scooters in under 10 minutes. Something out of the movies. Pink Panther. You name it.
I used to live in Paris. I’ve covered many front-page stories during my time there and after — from the death of Princess Diana to several deadly terror attacks, and the fire at Notre Dame Cathedral. Now, this.
‘BRAZEN’ LOUVRE THIEVES MADE TARGETED HEIST, JEWELS COULD BE MELTED DOWN: EXPERT
Fox News senior foreign affairs correspondent Greg Palkot reports live in front of the Louvre Museum entrance in Paris on Oct. 21, 2025. (Fox News)
Luckily, I had an ace team with me: professional cameraman and producer John Templeton and Simon Owen, seasoned Paris producer since the 1990s, Cicely Medintzeff, and a handy big Mercedes van and driver
The trip didn’t start that well — losing a few production bags on the flight from London to Paris. But cameraman John made do. As we chatted with folks at the airport, including a nice American couple from Washington state. The robbery was already the talk of the town.
Our next challenge was finding a spot to do our live shots. Arriving by night, the road near the museum was blocked by police on one side, so we ended up backing our way in on the other side. We found a place in front of the iconic pyramid-shaped entrance to the museum. Night or day, it’s one of the great backdrops around — as we talked about a terrible crime.

New footage purportedly shows a person in a yellow jacket beside a display case amid the Louvre heist. (BFMTV)
The next morning, we went straight to the scene of the crime — the back side of the museum. We saw the narrow sidewalk where the thieves parked their truck, the flimsy window they cut through, and a piece of wood now covering the gap. Except for a parked police car, even at that time, there wasn’t a lot of security around. There was no museum video of the break-in. The crooks beat the alarms.

Fox News senior foreign affairs correspondent Greg Palkot stands outside the Louvre Museum, where a break-in occurred, in Paris on Oct. 21, 2025. (Fox News)
LOUVRE MUSEUM CLOSED AFTER ROBBERY, FRENCH OFFICIAL SAYS
We weren’t the only ones gawking. A small crowd, including American tourists, stared up and wondered. «It looks incredibly easy,» one told us. «Weird,» another sighed.
But the big crowds were back in front of the museum. Even though it was closed that day (it had been shut following the robbery), throngs were there — many wondering about the crime. Many more just taking the usual Instagram-style selfies with the Louvre.
With our TV equipment spread on the pavement for live shots, we became another source of attention. «Where did it happen?» one person asked. «When is the museum opening again?» asked another. One more American tourist came up and described how he and his wife had been to the museum the day before the robbery and could already tell the security was terrible.
LOUVRE DIRECTOR GRILLED ON SPECTACULAR SECURITY FAILURES, INCLUDING CAMERA POINTING AWAY FROM KEY BALCONY

Police officers stand near the pyramid of the Louvre museum after reports of a robbery, in Paris, France, October 19, 2025. REUTERS/Gonzalo Fuentes TPX IMAGES OF THE DAY (Gonzalo Fuentes/Reuters)
As more details of the crime emerged, the story only got stranger. How the thieves picked up their truck just 25 miles outside Paris. How were they in such a rush they left behind a crown studded with more than 1,300 diamonds (they got eight other pieces). And how Police — making up for lost time — gathered evidence, including a construction-style vest, a glove, a license plate and video of the suspects making their getaway on a highway outside Paris.
And the French were doing another thing they’re good at — finger-pointing and blame-casting. President Emmanuel Macron has enough political headaches these days. The last thing he needed was a high-profile catastrophe. He promised the culprits would be caught. To her credit, the director of the museum offered her resignation (it was declined) but got a good grilling by the French Senate.

Fox News team, from left, Greg Palkot, cameraman John Templeton and producer Simon Owen, at the Louvre in Paris on Oct. 21, 2025. (Fox News)
All of this, as we noted, was a race against time for a team of 100 French police investigators — one of the biggest manhunts in French history — to catch the thieves before they had a chance to break up the jewelry, re-cut the gems and melt down the gold and silver to be sold off. Part of a growing trend of museum heists.
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In addition to hearing my on-air colleagues express their astonishment about the crime, we also took our share of ribbing about the «tough» assignment of being sent to Paris. And, indeed, it was lovely seeing my old hometown again. Paris is stunning. But I also must note, aside from a fine brasserie wrap dinner, the trip was more about crowding onto café chairs to write scripts and use facilities — plus Uber Eats, French style.

Fox News senior foreign affairs correspondent Greg Palkot with Paris producer Cicely Medintzeff at the Louvre in Paris on Oct. 21, 2025. (Fox News)
So now we wait to see how this incredible French crime caper pans out. Most people we heard from were pretty sure the bandits would get caught and the museum’s security would be updated. But they had their doubts that the priceless jewelry — described as France’s «soul» — would ever be retrieved. The Louvre has reopened. Let’s just hope this film-style story has a happy ending.
france,crime,europe,emmanuel macron
INTERNACIONAL
Hadrosaurio: cómo era la especie de dinosaurio que encontraron momificado con piel y cascos sorprendentes

Un equipo de investigadores de los Estados Unidos y España logró revelar la apariencia más realista del Edmontosaurus annectens, uno de los dinosaurios gigantes del Período Cretácico, que vivió entre 69 y 66 millones de años atrás.
El hallazgo de restos fósiles fue en el este de Wyoming, Estados Unidos. Fue liderado por el paleontólogo Paul Sereno, de la Universidad de Chicago. El estudio se publicó en la revista Science, de la Asociación Estadounidense para el Avance de la Ciencia.
Permitió reconstruir aspectos únicos de la piel, las crestas y los pies de este animal herbívoro, gracias a la extraordinaria conservación de varios fósiles momificados.
“Es la primera vez que tenemos una visión completa y detallada de un dinosaurio grande en la que realmente podemos confiar”, afirmó el doctor Sereno.
La investigación se centró en dos ejemplares fuera de lo común procedentes de la “zona de las momias”, un área de menos de diez kilómetros de diámetro famosa por su riqueza paleontológica.
Los dos fósiles más completos corresponden a un individuo juvenil y otro adulto joven; ambos fueron claves para conocer la cobertura tegumentaria real de estos animales que vivieron hace unos 66 millones de años.

Edmontosaurus annectens fue un dinosaurio herbívoro que vivió hace entre 69 y 66 millones de años en América del Norte. Su cuerpo podía superar los doce metros y se adaptaba a pastar plantas en manadas.
Contaba con un amplio pico sin dientes en la parte delantera, ideal para recolectar vegetación baja y blanda.
La reconstrucción más reciente revela que presentaba una piel cubierta de pequeñas escamas, una cresta carnosa a lo largo del cuello y el lomo, y cascos en los dedos de pies y manos.
Su forma de caminar era especial: usaba tanto sus cuatro patas como solo las traseras, lo que lo hacía diferente de otros dinosaurios conocidos.
Estas características lo transforman en una pieza clave para entender la evolución de los grandes dinosaurios herbívoros.

Ahora, el equipo liderado por el doctor Sereno logró interpretar restos de dos ejemplares hallados en la “zona de las momias” de Wyoming, un sitio célebre por su riqueza fósil.
Los fósiles analizados corresponden a un individuo juvenil y a un adulto joven, ambos con detalles anatómicos nunca vistos en el registro fósil tradicional.
Los expertos aplicaron tomografía computarizada, microscopía óptica y espectroscopía de rayos X sobre los huesos y la piel fosilizada.
Esas tecnologías permitieron observar las texturas y formas originales sin dañar los fósiles.
Según escribieron los investigadores, “todas las estructuras de la piel fosilizada están preservadas como una fina plantilla de arcilla que se formó en la superficie de un cadáver enterrado mientras se descomponía”.

El equipo encontró que la piel muestra una cresta carnosa y una fila de espinas, además de cascos en dedos tanto de patas delanteras como traseras.
Estas características nunca antes documentadas con tal claridad en dinosaurios ofrecieron nuevos datos sobre la evolución anatómica de los hadrosáuridos, un grupo del que se sabe poco en términos de rasgos blandos.
La máscara de arcilla preservó íntegramente la microestructura de la piel, al reproducir formas y detalles pequeños gracias a minerales como caolinita e illita.
“La conservación no dependió de ambientes marinos sin oxígeno, sino que ocurrió en un entorno fluvial perfectamente aireado, algo insólito para dinosaurios tan grandes”, aclararon los investigadores.
Entre los hallazgos importantes, el trabajo deja ver que la fidelidad en la conservación de los tejidos blandos permite aprender más sobre la biología y conducta de los dinosaurios de finales del Cretácico.
El avance ayuda a entender la variedad real de formas que pudo tener este amplio grupo de animales.

University of Chicago Medical Center
El equipo recomendó dejar de usar el término “impresión de piel” y propone “renderizado del tegumento”, que define mejor los modos de conservación de tejidos blandos.
Aclararon que no hallaron pigmentos ni proteínas originales, por lo que no pueden determinar el color auténtico del animal ni conocer detalles profundos de su composición química.
Tampoco se puede saber si la cresta carnosa fue una característica exclusiva para todos los individuos de la especie.
El equipo prevé analizar nuevos fósiles de la región y buscar restos de tejidos en sedimentos distintos. Concluyeron que el hallazgo “permite mirar de cerca cómo se veían y cómo podían vivir estos gigantes del pasado”.
INTERNACIONAL
Letitia James ‘wreaking havoc’ on New York in ways voters may not even realize, GOP challenger says

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Fox News Digital sat down with New York Republican attorney general candidate Michael Henry, who made his case on why the Democrat currently holding that office, Letitia James, needs to go and why his campaign has the message to do that.
«Two things,» Henry told Fox News Digital when asked what voters in New York tell him they are most concerned about. «Crime and affordability.»
Henry explained that New Yorkers are «fed up» with the cost of living in the state and may not realize that many of the regulatory policies that affect affordability are handled by the attorney general’s office.
«It’s really put a hamper on economic growth in the State of New York, how her and her bureau chiefs, deputy bureau chief, and the attorneys in the office, who all serve under the discretion of the attorney general, have really crippled the New York State economy,» Henry said.
LETITIA JAMES UP AGAINST ‘BY THE BOOK’ PROSECUTOR ‘WHO MEANS BUSINESS,’ FORMER KENTUCKY AG CAMERON SAYS
Fox News Digital interviewed NY AG candidate Michael Henry about his plan to unseat Letitia James. (Fox News Digital/Getty)
Henry expressed concern specifically about energy costs and what he called a «far-left agenda» that James has been implementing.
«We see a Democrat governor in Josh Shapiro, who’s encouraging New York energy companies to work in Pennsylvania right across the line, where you could literally throw a rock and hit a truck on the Pennsylvania border. But then the 100 years worth of energy under our feet in the southern tier of New York State, which would not only revive the economy, but the people in places like Manhattan would see probably about a 60% cost of energy go down,» Henry said.
«And Letitia James has been wreaking havoc on the daily lives of New Yorkers, and in many instances they just don’t even realize it, and this is something I’ve been trying to shine a light on, letting them know how much damage she’s doing to them and their ability to just be able to afford to live here.»
ANDERSON COOPER SAYS IT WAS ‘NOT A GREAT LOOK’ FOR LETITIA JAMES TO THREATEN TO SUE TRUMP AFTER HER ELECTION

New York Attorney General Letitia James speaks alongside Gov. Kathy Hochul during a press conference in New York City on Nov. 6, 2024, discussing the impact of Donald Trump’s reelection as president. (Lev Radin/Pacific Press/LightRocket via Getty Images)
Henry ran unsuccessfully against James in 2020, but his 45% of the vote was one of the best showings for a Republican in the state in decades.
Henry told Fox News Digital he lives a comfortable life as an attorney and didn’t plan on running again, but when he looked around and surveyed the situation he felt compelled to do so.
«You travel to upstate New York, you see these wind fans that don’t work, you see solar panels that break in the winter, yet we’re not allowed to use all options when it comes to energy development,» Henry said.
«Three thousand correctional officers, which is a huge employer in upstate New York, were fired by Letitia James and Kathy Hochul, three thousand families that relied on that income to take care of things like tuition or put food on the table, and they were blocked from going into other civil servant employment. You just see the war on agriculture, war on dairy farmers. There’s a 62-county drug crisis that’s been exacerbated, and if you had told me in 2022, all these issues would have happened or been this bad, I never would have believed you.»
Ultimately, Henry believes that New Yorkers need an «outsider» candidate who has «no fear of Letitia James at all.»
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Letitia James, New York’s attorney general, and Zohran Mamdani, New York City mayoral candidate, embrace during a campaign rally at United Palace in New York City on Monday, Oct. 13, 2025. (Christian Monterrosa/Bloomberg via Getty Images)
Henry explained, «Look, let’s be honest, she wakes up every day focused on three things: targeting the president of the United States, weaponizing her office against political opponents, and ignoring the issues that matter most to hardworking families,» Henry said. «And she’s forgotten that the New York state attorney general is the people’s lawyer, and it’s not the enforcer for the Democrat National Committee.»
On the crime front, Henry hit James for «not cooperating with local law enforcement,» particularly sheriffs in Republican areas, and said New Yorkers are «fed up» on the crime issue.
James will be in court Friday morning after being charged with mortgage fraud, which she has dismissed as political, but Henry pushed back on that narrative.
«People have seen her awkwardly stumble through these press conferences off the cuff, and now we’ve seen her ethical issues, where apparently she’s not only multiple times signed documents saying she’s married to her father, she doesn’t even know what state she lives in, apparently.»
«And Letitia James can’t have it both ways. She can’t say I’ve been trained by the best and then have these discrepancies on numerous occasions in her mortgage applications. It’s either that she knew what she was doing or she lacks the basic reading comprehension skills of a middle schooner, because I could walk into a middle school and put a mortgage application on any child’s desk, and they would say to me, I’m not married to my daddy,» Henry added. «So she cannot have it both ways, and she’s going to be held accountable this time, and we’re seeing it on a daily basis.»
politics,new york,elections
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