US foreign aid agency called the Millennium Challenge Corporation is threatening to withhold aid from Sierra Leone if the nation fails to legalize abortion. There is no such thing as a free lunch when it comes to politics or business. Now, $480 million in aid is on the line, all in the name of abortion. What gives the US moral grounds to tell other nations how to live?

The US organization believes that the African nation must pass the Safe Motherhood Act to permit abortions up to 14 weeks for any reason. Parliament passed the Safe Abortion Act in 2015, permitting abortions during the first 12 weeks of pregnancy. President Julius Maada Bio seems willing to expand these laws despite pushback. The Inter Religious Council of Sierra Leone (IRCSL) composed of Christians and Muslims have been opposing extending abortion laws.

“It is deeply disturbing, but not terribly surprising, that we are hearing reports that the Biden administration is threatening to withhold foreign assistance to Sierra Leone unless legislators there pass the deceptively named ‘Safe Motherhood Act’ legislation that would legalize abortion in Sierra Leone, a country that currently protects unborn life,” Rep. Chris Smith, R-N.J., said in a statement first shared with The Daily Signal. Sierra Leone could certainly use the funding, and this ploy is bending the will of desperate people.

So ahead of Trump, the Biden Administration is demanding that a predominately Muslim (78.5%) country abandon its religious beliefs and cave to their demands. The issue is not abortion but that the US is threatening to withhold aid from a vulnerable nation if it does not comply. We see this happen with countless issues throughout African nations as developed nations believe they can use money to shift their societies as they see fit.

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COMMENT: You are wrong. Silver did not decline during World War II.

TH

ANSWER: I think you misunderstood what I said. It is not that silver declined in price because it was fixed, as you can see from this chart. However, silver declined relative to nickel, which was more critical during the war, so they replaced the 5-cent nickel with nearly pure silver. After the war, the 5 cent returned to being struck in nickel. What I said is to pay attention to the spread between silver and nickel as an indication of war.

During World War II, they imposed fixed prices to prevent inflation. As you can see, as soon as the war ended and the price fixing ended, there was a major rally in 1945. By 1966, silver was testing the high of World War I. The major low was with the stock market in 1932 BECAUSE the dollar was at a record high.

Depression, Debt, Default & Destruction in 2025 -Martin Armstrong

Joe Biden granted Pennsylvania Judge Michael Conahan clemency. The kids did not receive the same sympathy.

Japan is cascading into a serious debt crisis. Even Japanese finance officials have come out and been shocked by the fall of the Japanese yen back to retest the lows of 1990. They have been urging the Bank of Japan to intervene in foreign exchange and are naturally blaming speculators. Finance Minister Katsunobu Kato came out and stated:

“As we are alarmed by recent currency market developments including those driven by speculators, we’ll take appropriate action against excessive moves.”

In every government, they will always blame speculators and never their own policies. The mere fact that Kato has publicly made this statement demonstrates that the currency market is rather alarming, and the government is very concerned about the collapse of the Japanese yen. Currently, the dollar is trading at the 151 level. A year-end closing above 148 will warn that the dollar can rally substantially in the 200 to 250 zone. A close BELOW 147 would imply we could see the yen consolidate into 2026, but then it would resume a decline into 2027. Japan did conduct an intervention into the FOREX market buying yen last July to support its currency after fell below 161 per dollar level.

The BOJ’s rate-setting meeting concluded, suggesting that the U.S.-Japan interest rate differentials may not narrow as fast as previously expected. They did confirm that a former employee’s theft of over 1 billion yen from customers’ deposit boxes did not help with confidence overall.

Merry Christmas and Happy New Year! Market Talk will be postponed until we embark on the new year.

Gavin Newsom has declared a state of emergency over the bird flu. Of the 34 reported cases, 33 were working directly in farms. There is no grave danger to the public at large. This publicity stunt is merely a way for Newsom to have more power over his state ahead of Trump’s inauguration.

Newsom enjoyed endless power under COVID-19 guidelines and restrictions. I’ve met countless people who call themselves “pandemic refugees” as they were forced to flee California during the pandemic as it became one of the most oppressive states in the nation.

“This proclamation is a targeted action to ensure government agencies have the resources and flexibility they need to respond quickly to this outbreak. Building on California’s testing and monitoring system — the largest in the nation — we are committed to further protecting public health, supporting our agriculture industry, and ensuring that Californians have access to accurate, up-to-date information. While the risk to the public remains low, we will continue to take all necessary steps to prevent the spread of this virus,” Newsom declared.

Over 600 dairy farms are under quarantine in California due to the bird flu. I explained that the USDA will begin testing ALL dairy farms across America, despite no known instance of someone becoming sick from consuming dairy. There have not been any recorded cases of person-to-person spread either.

Newsom may now issue executive orders and proclamations under the premise that this virus is not posing a risk to the public at large. He may now assume direct control over emergency management and state operations, as well as expanding current budgets. He could actually make expenditures from any state fund available for his use. There is a deeper power play ploy at hand behind these actions.