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Jamie Dimon

‘We Do Debank Them’: JPMorgan Chase CEO Admits Canceling Customer Bank Accounts, but Says ‘People Have to Grow Up’

by Joe Kovacs, WND
December 8, 2025

(WND)—As JPMorgan Chase Bank is under investigation by the state of Florida for alleged coordination with the Biden Department of Justice and Operation Arctic Frost, the chairman of the company is admitting to debanking certain customers, but says it has nothing to do with their political or religious affiliations.

“We do debank them,” said JPMorgan Chase CEO Jamie Dimon who appeared on “Sunday Morning Futures” with Maria Bartiromo on the Fox News Channel.

“People have to grow up here and stop making up things and stuff like that. I can’t talk about an individual account.

“We do not debank people for religious or political affiliations. We do debank them. They have religious and political affiliations. We debank people who are Democrats, we debank people who are Republicans, we debank religious folks. Never was that for that reason.”

Dimon was responding to comments last month from Trump Media CEO Devin Nunes who said his company was debanked by JPMorgan Chase.

“When the Arctic Frost went after our bank records at Trump Media, that’s inexplicable because we didn’t exist,” Nunes told Bartiromo on Nov. 9. “So what reason did they have to go after us? And I’ve seen Jamie Dimon and others at JPMorgan say this over and over again that they don’t debank people for political reasons. Well, then why the hell did you debank Trump Media?”

Dimon on Sunday explained: “I don’t like debanking people. We live under very strict rules and regulations and requirements. And to protect the country and we have to report things to the government. We’re required to report things to the government. I can’t even tell you when we do it.”

He said he wants to change the rules by which banks are currently bound.

“I actually applaud the Trump administration which is tying to say the debanking’s bad, and let’s change the rules. Well, damn it, I’ve been asking to change the rules now for 15 years. So change the rules!” Dimon exclaimed.

“And that’s why a lot of this stuff takes place. It is really customer unfriendly. We’re debanking people ’cause of suspected things or negative media or all of these various things.”

He continued: “We don’t give information to the government just because they ask. We’re subpoenaed. We’re required by court to give it to the government. And I’ve been following subpoenas with this administration, the last administration, the administration before that and the one before that. And I don’t agree with a lot of it. The government does a lot of things that get angry with banks.”

“Let’s just take a deep breath and fix the problems as opposed to blame someone who’s put in that position.”

“I would tell the government, ‘If we see something that might possibly be bad, we’ll report it to you, and you decide.’ Why do we have to decide? That’s the position we’re put in.”

When asked if corporate America was being asked to do the government’s dirty work, Dimon replied: “Democratic, Republican governments have come after us both. So let’s not act like this is just one side doing this.”



“This has been going for a long time. And we should stop militarizing the government in that kind of way.”

Last month, Florida Attorney General James Uthmeier announced the launch of an official investigation into JPMorgan Chase Bank in connection with Operation Arctic Frost, as the Biden administration sought phone records of political enemies.

“It’s come to our attention that JPMorgan debanked Trump Media Group, a Florida-based company, right before the business went public,” Uthmeier said. “This is a crucial time for any company, a time where you cannot afford to lose your bank.”

Uthmeier also claimed JPMorgan sought large amounts of information from Trump Media unrelated to its business practices and may have shared sensitive data with Biden’s DOJ without probable cause.

“This is wrong. We will not tolerate it, and we will hold them accountable,” he added.

“Here in Florida, we’ve passed legislation to protect our consumers from wrongful debanking, and we will stand by our consumers,” he said.

Advisor Bullion Numismatics

As WorldNetDaily reported in January, Congress is now investigating the debanking of Americans who hold conservative political views.

House Oversight Committee Chairman James Comer, R-Ky, wondered at the time: “Are these bank examiners with a wink and a nod saying don’t let this person bank at your bank?”

Watch the full interview:

Today, exclusively on @SundayFutures with @MariaBartiromo, JPMorgan Chase Chairman and CEO Jamie Dimon #jamiedimon @jpmorgan @Chase spoke about the outlook for the U.S. economy in 2026.@FoxNews pic.twitter.com/Zqtw0qcgH4

— SundayMorningFutures (@SundayFutures) December 7, 2025

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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA

Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.

Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.

Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.

Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.

For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.

Lower Costs and Better Liquidity for Home Storage

When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:

  • You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
  • Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
  • Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
  • Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
  • Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.

In times when quick access to value becomes important, bullion’s simplicity stands out.

Stronger Fit for Precious Metals IRAs

Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.

Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.

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Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.

How to Get Started with Bullion

Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.

Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.

As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.

For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.

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