Chaos In Afghanistan Was A Blip For The Market, But Investors Should Watch Out

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Stocks are largely shrugging off the deep and troubling repercussions of the murderously irresponsible actions of Joe Biden in Afghanistan. This segment of What’s Ahead looks at what they are and could be.

Start with hostage-taking. The Taliban are well aware of how Iran milked its seizure of U.S. diplomats in 1979. Biden had no plans for the evacuation of some 15,000 Americans stranded in Afghanistan. Some will undoubtedly be seized for ransom.

With our credibility shredded, the world situation is going to be a lot more dangerous. China, Russia and Iran were already becoming more aggressive and will now up their military actions, ominously increasing the possibility of full-blown wars erupting in the Middle East and in the Pacific. Japan’s becoming a nuclear power cannot be ruled out.

At a time when we badly need allies and friends, Biden has been dismissive. He refused to consult them before pulling out, even though allied troops collectively outnumbered U.S. forces in Afghanistan. He waited 36 hours before returning an urgent call from Boris Johnson. 

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Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers, politicians and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring Steve’s signature views on the intersection of society, economic and policy.

Steve helped create the recently released and highly acclaimed public television documentary, In Money We Trust?, which was produced under the auspices of Maryland Public television. The film was inspired by the book he co-authored, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It.

Steve’s latest book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames (McGraw-Hill Professional).

Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

In both 1996 and 2000, Steve campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Steve continues to energetically promote this agenda.





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