At Extreme Investor Network, we are dedicated to providing our readers with valuable insights and analysis on current economic events. Today, we bring you a concerning development involving the United States military and its decision to abandon weapons and ammunition in Niger.
Niger, a nation facing economic challenges and governmental corruption, has recently requested the US military to evacuate. Surprisingly, the US government has agreed to abandon Niger’s Air Base 201, which was built at a cost of $110 million in 2019 with annual operating costs of $30 million. This strategic base played a crucial role in fighting terror networks in the region, particularly those that have migrated from the Middle East.
However, the new regime in Niger seems to hold more power than anticipated, as the Pentagon was unable to negotiate keeping the base. This decision has raised concerns about US security interests in the Sahel region, with threats from ISIS and Al Qaeda becoming increasingly dire.
What is even more concerning is the absence of leadership from the Biden Administration. With Vice President Kamala Harris yet to hold an official conference and President Joe Biden seemingly missing in action, the US government appears to be in disarray. The lack of a coherent foreign policy strategy is evident in the decision to abandon military assets without proper planning, potentially putting US troops at risk.
At Extreme Investor Network, we believe it is essential for investors and policymakers to stay informed about these economic and geopolitical developments. Stay tuned for more updates and analysis on how these events may impact global markets and investments.