Jim Rickards What Does Afghanistan Mean for Defence Stocks?

Within weeks of the botched withdrawal from Afghanistan, Australia has announced a new defence deal with the UK and US, and our intention to acquire nuclear submarines and Tomahawk missiles. 

And Australia isn’t alone. Japan’s Ground Self-Defense Force is doing its first nationwide war drills since the Cold War, and the European Commission is agitating for a defence force of its own so that it isn’t reliant on the US for protection. 

It seems Biden’s announcement that the US won’t be as active in dictating the world’s affairs has woken everyone up to the need to protect themselves. 

When it comes to untangling the messy withdrawal from Afghanistan, and the long-term implications, Jim Rickards is your man.

- Source, Fat Tail Investments