What does “economic collapse” really look like?

What will the world look like if the global economy collapsed? Glenn invited Jim Rickards, author of The Death of Money: The Coming Collapse of the International Monetary System onto the show to discuss what a catastrophic collapse and reset might look like and how it almost happened before.

GLENN: There is a fascinating article that just came out the last couple of days called In the Year 2024. It's written by James Rickards. He's the author of the book The Death of Money: The Coming Collapse of the International Monetary System. And I've asked him to come on by for a few minutes and talk to us about this. Because my kids ask me all the time, Dad, what do you mean? What do you mean money is going to collapse? What do you mean the system is going to shut down for a while? What does that even look like? The way I explain it to them, and I'd like Jim to take this in greater detail and correct me if he thinks I'm wrong. What I mean by that is, an event unlike anything at least this generation and I believe anything like the world has ever seen before.

A catastrophic failure and reset in a way that we don't know what we're doing for a while. We all kind of have to -- kind of figure it out on our own. And most likely, at least for a while, ends in marshal law. And ends in some pretty frightening times. The -- the Great Depression would look like a picnic, quite honestly. And James is here to comment on that. Do you agree with that?

JAMES: I agree. I think we can see it coming. One of the things is -- let me talk about what it's not going to be like. I don't think we'll all be living in caves. Canned goods. It's not the end of the world.

GLENN: Right. We make it through this.

JAMES: We make it through, but it's a different world when we come out the other side. You know, Mussolini's mantra was, everything in the state, nothing outside the state. That was their succinct summary of what fascism was. Well, you get to a world where the government controls all the money. Everything, first of all, is all digital. We all think we have money. How much cash do you have in your pocket? A couple bucks maybe? You get a direct deposit of your pay. You pay with credit cards. You pay with debit cards. You pay online. You wire money. It's all digital.

Well, that means it can all be controlled. That can all be taken over by the government, number one. E-ZPass tollbooths, and we all like the convenience. I like them too. But those are interdiction points where they can use facial recognition software, license plate scanning, et cetera. I know you have a lot of contacts in Silicon Valley. You talk to people out there. They like the driverless car. Driverless car sounds kind of cool. You can read a book or whatever. Well, driverless car is not driverless. It's just being driven by a system. And the system involves GPS and computers. Essential programmers. So if they decide they want to lock the cars and take the car to a local police station, then your car is a prison. It's a portable jail cell. And if they don't like you for political reasons or other reasons -- these are all things that are here.

GLENN: I want to say this, in case you don't know who Jim is. Because this sounds crazy. Doesn't it? It sounds like Blade Runner or Conspiracy Theory. And just a little bit about him. Portfolio manager at the West Shore Group. An adviser to the International Economics and Financial Threats, to the Department of Defense. And the US Intelligence Community.

So you also did -- didn't you do the first -- you were the --

JAMES: Financial war game. Yep.

GLENN: Yeah, you did the first financial war game at the Pentagon. So this is not someone who is like, yeah, I live in my mom's basement. And you also were right there in 1998, front row seat, with the Wall Street bailout of the hedge funds.

JAMES: I was the general counsel, long-term capital management. That was the hedge fund that collapsed in 1998. It was bailed out by Wall Street. Four billion dollars. We put it together in 72 hours. We foamed the runways, Glenn, and brought it in for a soft landing. But I can tell you, I was there. We were hours away from every market in the world closing.

We tried to get that down before Tokyo opened that morning. And we did. Now it's kind of like old news or whatever. But that's how close we came. Of course, we came that close in 2008. So I had a front row seat on that one. I like to say, in America, when you screw up badly enough, the lawyers take over. And I was the lawyer. So I got to do that one. So I've seen this.

GLENN: Okay. So you've seen this firsthand. You look to history to be able to forecast what is coming. You have -- you told me last night on television that you have seen -- the world has seen financial markets close. I wasn't aware of World War I, the stock exchange close for that long.

JAMES: Well, in World War I, the secretary of the treasury, Mcadoo closed the New York Stock Exchange. Well, the Board of Governors closed it, basically on the influence of the treasury for five months from the beginning of August to the beginning of December. Now, here's the reason. At the time, we were still on the gold standard. Remember, the US was neutral. The other combatants wanted gold because they knew they needed it to fight the war. So they started dumping US stocks. It's not that they hated US stocks. But gold stocks, you got cash, you can get the gold. They were shipping the gold to London. Down at South Street Seaport, there were pallets of gold going to Europe.

Well, they closed the New York Stock Exchange to alleviate the selling pressure. They reopened it five months later. But what happened was, people were very creative. They went out on the street, they went out on News Street, which is behind the New York Stock Exchange. They had a street market. But you had to trade your stocks by appointment. Bring your certificates down, all that. But the New York Stock Exchange was closed for five months.

They wanted to suspend -- all the combatants suspended gold redemptions. Interestingly, John Maynard Keynes, who was vilified as an anti-gold guy, he was the loudest, most persuasive voice in favor of England staying on the gold standard. What he said is, look, Germany, Italy, Belgium, all these other guys, they've suspended. If we the UK, the city of London, stay on the gold standard, we'll have good credit. We'll be able to borrow the money. Fight the war. And win the war. And he was right. JPMorgan. Well, Jack Morgan, the son of Pierpont Morgan did a for multibillion-dollar syndicated loan for Europe. So, yeah, there was a lot of blood spilled on the field. But they won it with finance.

GLENN: Okay. So who can win with finance this time? Because we're all in the same boat. What happens? The banks are closed. Because I think there could be anything. Anything can happen. You know, it could be -- Iran closing the Straits of Hormuz and that could just send things spiraling.

JAMES: Sure.

GLENN: And all of a sudden we're just out. This could happen in a three-day, four-day, five-day period where all of a sudden the world has changed. The banks are closed. You don't have access to money. $300 out of the ATM. That's all you can get.

JAMES: Right. Gas and grocery money. That's about it.

GLENN: That can go on for?

JAMES: Weeks, months. Hey, if you have your gas and groceries, what else would you need? That would be the point. They wouldn't steal your money. You just couldn't get it. It's not just stocks. It's money market funds. You wouldn't be able to redeem those. Close the stock exchange. Say, hey, we're not stealing your equity. But we've converted it to private equity.

GLENN: You said they wouldn't steal things. Well, they did in Cypress.

JAMES: It's state power.

GLENN: The state comes in and says, everybody gets a 50 percent haircut. So whatever you have, you lose 50 percent of it. To me, that's theft. This is all going on. The state starts to crock down. Everybody is kind of pinned into their own place. What does it -- what does it look like afterwards?

JAMES: Well, now there are a couple of states to the world. So maybe everybody will just acquiesce. That's actually a lot of history. When things get bad, people just say, hey, don't bother me. I'll go alone with this. But you could see the outbreak of money riots. You could see people in the streets, protesting not social conditions, but financial conditions. Of course, we have a heavy militarized police ready to respond to that with tear gas and flash bang grenades and they're armored up with all this money from the federal government. So they're ready.

GLENN: How much of this makes you feel -- you're like, I don't want to believe this. But it's just the fact. Because it really sounds nuts.

JAMES: Well, when my first book came out, Currency Wars, the Financial Times reviewed it and they said, let's hope he's wrong. You know what I say? I hope I'm wrong. I don't think I am. At least I wouldn't be writing and doing interviews if I thought I was wrong. I'm trying to warn people. People say I'm giving predictions. I don't think of myself as giving predictions. I think of myself as giving warnings. By the way, this doesn't have to happen. I don't think this is like Clockwork Orange, where it's inevitable. But I think it's likely because the things that you need to do to prevent it from happening are actually -- in our politically dysfunctional age, they're unlikely to happen.

GLENN: Like?

JAMES: You can break up the big banks.

GLENN: Not going to happen.

JAMES: Right. It won't happen. There are a set of things you can do. By the way, we're in a depression. This is not a recovery. This is a depression. As Kings defined it, he said, a prolonged period of below-trend growth, which neither collapses nor gets back to trend. That's the period we're in right now. Could be heading for a collapse for other reasons.

GLENN: That's the actual definition of depression?

JAMES: By John Maynard Keynes. And I agree with that definition. People say I say we're in a depression. People go, you're nuts. GDP is not going down. We've been recovering for six years. Where are the soup lines? Well, the soup lines are Whole Foods. Because now you get food stamps on a digital card. By the way, I'm not disparaging people. You can go into Whole Foods and get your soups. So we have the soup lines. They're just at Whole Foods. We all know the only reason why unemployment is not higher is because labor participations collapsed.

The point is, this 2 percent growth that we're chugging along. In some quarters, a little more. In some quarters, a little bit less. If we're capable of three and a half, which we are, and in the short-run, maybe 5 percent, which we saw between '83 and '86, if we're capable of that and you're actually growing at two, it's the gap between the three and two. Or the five and the two that's depressed growth. That's the definition of a depression. The problem is, we are Japan. We'll be in this for 20 years, unless we make structural changes. A depression is structural. It's not cyclical. You can't solve a cyclical problem with a cyclical solution, which is money. Money printing, if you know, inflation is a little high and you want to dial down the money supply. Or unemployment is high, dial it up. That's a cyclical solution. We need structural solutions. We're not getting them.

GLENN: You told me off TV yesterday. You said to me that behind closed doors, people who know know. And they say it. They know what's coming.

JAMES: Yeah.

GLENN: And they also admit to you, they don't have any idea what they're doing.

JAMES: That's exactly right. I had dinner with one of the members of the board of governors of the federal reserve system. Very bright individual. Don't need to give out names. I looked at this individual. I said, well, you know, the fed is insolvent. On a mark to market basis. Meaning, if you took your assets to mark them to market, it would wipe out their capital. They have about 60 billion in capital and 4 trillion of assets. So the individual said, no, we're not.

And she said, no one has done the math. And I said, well, I have done it. And I think others have done it too. And I kind of looked at her, and she knew that I knew that she couldn't fool me. So she goes, well, maybe. And then in the next breath she said, well, we are, but it doesn't matter. So she went from no to maybe to yes in a matter of 30 seconds. But her last point was the most interesting one. She said, well, maybe we are insolvent on a mark to market basis, but it doesn't matter. The central banks don't need capital.

Really? Well, that might be news to most of the American people. Your money. The money in your pocket is a liability of the Federal Reserve system. It's their liability.

GLENN: Right.

JAMES: And their insolvency of a perpetual -- I look at a dollar bill. I learned in law school, read the contract. It says, Federal Reserve note. A note is a liability. So what is a dollar bill, really? It's a liability. It's a perpetual non-interest bearing liability of an insolvent bank. That's what your money is. So if we all think it's money, it can actually be money. It's a question of confidence. But confidence is very fragile. It can be lost very quickly. And that's the problem. When that confidence is lost, what do we do? What's plan B? I think the main plan B is the one we've been talking about. Which is, lock everything down. In '98, the solution was to print money. In 2008, the solution was to print money. When you get to the point where you can't print money anymore, just don't let people have their money. Just lock it down.

GLENN: I have two minutes. Can you tell me what the average person should be doing right now?

JAMES: One thing they should have is some physical gold. Don't go overboard. I recommend 10 percent. Don't sell everything. I don't think it's good advice.

GLENN: It can be taken.

JAMES: It can be taken. Well, you make a good point, Glenn. Nothing is risk-free. There's nothing out there that is risk-free.

GLENN: And you don't have any idea what's coming.

JAMES: Correct. So the question is, how much risk? And are the risks correlated? You know, can you prepare for different things? That's the right way to do it. One of the things I like about gold is it's physical. It's not digital. People go, I have money. I say, really, interesting, where is your money? Well, it's in the stock market. It's in the bank. Well, that's all digital. It's in a computer. You may get a statement, but that's all digital. Putin has a 6,000 member cyber brigade. You don't think they could shut down the New York Stock Exchange tomorrow? They can.

GLENN: So when you say have cash on hand, do you believe have actual access to cash in your house or someplace?

JAMES: Well, let's say you did. Try getting it. Try going down to the bank and getting $5,000 of cash without being looked at like a drug dealer. They will. They'll file a suspicious activity report. They'll file a currency transaction report. The SAR, the CTR. And you're a perfectly honest citizen. You just say, you know what, for precautionary reasons, I'd like some notes. I don't want it all in digital form. You'll be treated like a criminal, even though you're a perfectly honest citizen. So that's easier said than done.

But for listeners, they might try it. Physical gold, I like it. It's not digital. You can't hack it. You can't erase it. In 2010, the FBI and the Department of Homeland Security found a Russian attack virus in the NASDAQ stock market operating system. This was not a criminal gang trying to get your Social Security number. This was Russia military intelligence inside NASDAQ. That was reported by William Bloomberg. Again, everything I'm saying, you can document or I can document. None of it is conspiracy stuff.

GLENN: James Rickards. The name of the book is the Death of Money. Best-selling author of Currency Wars: The coming Collapse of the International Monetary System. If you want to understand what's coming, you want to be a leader in the next phase of what's coming. You need to understand. This is a great way to understand it. The Death of Money: The Coming Collapse of the International Monetary System. Jim, thanks a lot, appreciate it.

JAMES: Thank you.

Today is the 75th anniversary of D-Day, the largest amphibious invasion in history.

The Allied invasion force included 5,000 ships and landing craft, 11,000 planes, and almost three million allied soldiers, airmen and sailors. Despite such numbers, the location and timing of the invasion was still an enormous gamble. The Nazis fully expected such an invasion, they just didn't know precisely when or where it would be.

Despite the enormous logistics involved, the gamble worked and by the end of June 6, 1944, 156,000 Allied troops were ashore in Normandy. The human cost was also enormous – over 4,900 American troops died on D-Day. That number doubled over the next month as they fought to establish a foothold in northern France.

There were five beach landing zones on the coast of northwestern France, divided among the Allies. They gave each landing zone a name. Canada was responsible for "Juno." Britain was responsible for "Gold" and "Sword." And the U.S. had "Utah" and "Omaha."

The Nazis were dug in with bunkers, machine guns, artillery, mines, barbed wire, and other obstacles to tangle any attempt to come ashore. Of the five beaches, Omaha was by far the most heavily defended. Over 2,500 U.S. soldiers were killed at Omaha – the beach so famously depicted in the opening battle sequence of the 1998 movie, Saving Private Ryan. The real-life assault on Omaha Beach included 34 men in that first wave of attack who came from the same small town of Bedford, Virginia. The first Americans to die on Omaha Beach were the men from Bedford.

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America has a national D-Day Memorial, but many people don't know about it.

America has a national D-Day Memorial, but many people don't know about it. Maybe that's because it wasn't a government project and it's not in Washington DC. It was initiated and financed by veterans and private citizens. It's tucked away in the foothills of the Blue Ridge Mountains, in the small town of Bedford, Virginia. Why is the memorial for one of the most famous days in modern world history in such a tiny town? Because, as a proportion of its population of just 3,200 at the time, no community in the U.S. sacrificed more men on D-Day than Bedford.

There were 34 men in Company A from Bedford. Of those thirty-four, 23 died in the first wave of attacks. Six weeks after D-Day, the town's young telegraph operator was overwhelmed when news of many of the first deaths clattered across the Western Union line on the same day. Name after name of men and families that she knew well. There were so many at once that she had to enlist the help of customers in the pharmacy's soda shop to help deliver them all.

Among those killed in action were brothers Bedford and Raymond Hoback. Bedford was the rambunctious older brother with a fiancée back home that he couldn't wait to return to. Raymond was the quieter, more disciplined younger brother who could often be found reading his Bible. He fell in love with a British woman during his two years in England training for D-Day. Like in that opening sequence of Saving Private Ryan, Bedford and Raymond barely made it down the ramp of their Higgins Boat in the swarm of bullets and hot steel before they were cut down in the wet sand.

Bedford and Raymond Hoback's mother, Macie, learned of both their deaths from two separate telegrams, the first on a Sunday morning, the second the following day. Their younger sister, Lucille, remembered her mother's devastation, and her father walking out to the barn to cry.

The day after D-Day, the killing field of Omaha Beach was already transforming into the massive supply port that would help fuel the American drive all the way to Berlin over the next year. A soldier from West Virginia was walking along the beach when he saw something jutting out of the sand. He reached down and pulled it out. He was surprised to find it was a Bible. The inside cover was inscribed with: "Raymond S. Hoback, from mother, Christmas, 1938." The soldier wrote a letter and mailed it with the Bible to Raymond's mother. That Bible, which likely tumbled from Raymond's pack when he fell on D-Day, became Macie Hoback's most cherished possession – the only personal belonging of her son that was ever returned.

Of the 23 Bedford men who died on Omaha Beach, eleven were laid to rest in the American cemetery in Normandy.

These men, many of them barely out of their teens, didn't sign up to march to the slaughter of course. They had hopes and dreams just like you and I. Many of them signed up for adventure, or because of peer pressure, and yes, a sense of honor and duty. Many of the Bedford Boys first signed up for the National Guard just to make a few extra bucks per month, get to hang out with their buddies, and enjoy target practice. But someone had to be first at Omaha Beach and that responsibility fell to the men from Bedford.

Over the last several years, the D-Day anniversary gets increasingly sad. Because each year, there are fewer and fewer men alive who were actually in Normandy on June 6, 1944. The last of the surviving Bedford Boys died in 2009. Most of the remaining D-Day veterans who are still with us are too frail to make the pilgrimage to France for the anniversary ceremonies like they used to.

It's difficult to think about losing these World War II veterans, because once they're all gone, we'll lose that tether to a time when the nation figured out how to be a better version of itself.

Not that they were saints and did everything right. They were as human as we are, with all the fallibility that entails. But in some respects, they were better. Because they went, and they toughed it out, and they accomplished an incredibly daunting mission, with sickening hardship, heartbreak, and terror along the way.

So, what does the anniversary of D-Day mean in 2019?

In one sense, this anniversary is a reprimand that we've failed to tell our own story well enough.

In one sense, this anniversary is a reprimand that we've failed to tell our own story well enough. You can't learn about the logistics of the operation and above all, the human cost, and not be humbled. But as a society, we have not emphasized well enough the story of D-Day and all that it represents. How can I say that? Because of an example just last weekend, when common sense got booed by Democratic Socialists at the California Democrats' State Convention. When Democratic presidential candidate John Hickenlooper said during his speech that "socialism is not the answer," the crowd booed loudly. When did telling the truth about socialism become controversial?

Sure, socialists, and communists and other anti-American factions have always been around. America certainly had socialists in 1944. But the current socialists trying to take over the Democratic Party like a virus don't believe in the D-Day sacrifices to preserve America, because they don't believe America is worth preserving. They are agitating to reform America using the authoritarian playbook that has only ended in death and destruction everywhere it is followed.

Ask a Venezuelan citizen, or an Iraqi Christian, or a North Korean peasant why D-Day still matters in 2019.

The further we move away from caring about pivotal events like June 6, 1944, the less chance of survival we have as a nation.

At the same time, the D-Day anniversary is a reminder that we're not done yet. It's an opportunity for us to remember and let that inform how we live.

Near the end of Saving Private Ryan, the fictional Captain Miller lays dying, and he gives one last instruction to Private Ryan, the young man that he and his unit have sacrificed their lives to rescue in Normandy. He says, "Earn it."

In other words, don't waste the sacrifices that were made so that your life could be saved. Live it well. The message to "earn it" extends to the viewer and the nation as well – can we say we're earning the sacrifices that were made by Americans on D-Day? I cringe to think how our few remaining World War II veterans might answer that.

Honor. Duty. Sacrifice. Gratitude. Personal responsibility. These used to mean a lot more.

Honor. Duty. Sacrifice. Gratitude. Personal responsibility. These used to mean a lot more. I don't want to believe it's too late for us to rediscover those traits as a nation. I want to believe we can still earn it.

The challenge to "earn it" is a lot of pressure. Frankly, it's impossible. We can't fully earn the liberty that we inherited. But we can certainly try to earn it. Not trying is arrogant and immoral. And to tout socialism as the catch-all solution is naïve, and insulting to the men like those from Bedford who volunteered to go defend freedom. In truly striving to earn it, we help keep the flame of liberty aglow for future generations. It is necessary, honorable work if freedom is to survive.

The end of Lincoln's Gettysburg Address is remarkably relevant for every anniversary of June 6, 1944. This is what D-Day still means in 2019:

"It is rather for us to be here dedicated to the great task remaining before us – that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion – that we here highly resolve that these dead shall not have died in vain – that this nation, under God, shall have a new birth of freedom – and that government of the people, by the people, for the people, shall not perish from the earth."

Letter from Corporal H.W. Crayton to Mr. and Mrs. Hoback – parents of Bedford and Raymond Hoback who were both killed in action on June 6, 1944

Álvaro Serrano/Unsplash

July 9, 1944 Somewhere in France

Dear Mr. & Mrs. Hoback:

I really don't know how to start this letter to you folks, but will attempt to do something in words of writing. I will try to explain in the letter what this is all about.

While walking along the Beach D-day Plus One, I came upon this Bible and as most any person would do I picked it up from the sand to keep it from being destroyed. I knew that most all Bibles have names & addresses within the cover so I made it my business to thumb through the pages until I came upon the name above. Knowing that you no doubt would want the Book returned I am sending it knowing that most Bibles are a book to be cherished. I would have sent it sooner but have been quite busy and thought it best if a short period of time elapsed before returning it.

You have by now received a letter from your son saying he is well. I sincerely hope so.

I imagine what has happened is that your son dropped the Book without any notice. Most everybody who landed on the Beach D-Day lost something. I for one as others did lost most of my personal belongings, so you see how easy it was to have dropped the book and not know about it.

Everything was in such a turmoil that we didn't have a chance until a day or so later to try and locate our belongings.

Since I have arrived here in France I have had occasion to see a little of the country and find it quite like parts of the U.S.A. It is a very beautiful country, more so in peace time. War does change everything as it has this country. One would hardly think there was a war going on today. Everything is peaceful & quiet. The birds have begun their daily practice, all the flowers and trees are in bloom, especially the poppies & tulips which are very beautiful at this time of the year.

Time goes by so quickly as it has today. I must close hoping to hear that you receive the Bible in good shape.

Yours very truly,

Cpl. H.W. Crayton

It's not as easy as it used to be for billion-dollar entertainment empires like The Walt Disney Company. It would be more streamlined for Disney to produce its major motion pictures in its own backyard. After all, abortion in California is readily available, as well as a protected, cherished right. And since abortion access is critical for movie production, right up there with lighting equipment and craft services, you would think California would be the common-sense choice for location shooting. Alas, even billion-dollar studios must pinch pennies these days. So, in recent years, Disney, among other major Hollywood studios, has been farming out production to backwater Southern lands like Georgia, and even Louisiana. Those states offer more generous tax breaks than Disney's native California. As a result, Georgia for example, played host to much of the shooting for the recent worldwide box office smash Avengers: Endgame.

But now it looks like it's Georgia's endgame. The state recently passed what is known as a "heartbeat" bill – a vicious, anti-woman law that would try to make pregnant women allow their babies to be born and actually live. It's a bridge too far for a major studio like Disney, which was largely built on creating family entertainment. How can Disney possibly go about making quality movies, often aimed at children, without access to unfettered abortion? It's unconscionable. Lack of abortion access makes it nearly impossible to shoot movies. So, what's a major studio to do? Disney might have considered migrating its business to Louisiana, but that state too has now signed a heartbeat bill into law. It's utter madness.

These monstrous anti-abortion bills, coupled with having to live under President Trump, has led Disney to seek a new home for its legendary movie magic. Last week, Disney's CEO, Bob Iger, announced that all future Disney movies will now be filmed on location in the Sub-Saharan African nation of Wakanda.

"Disney and Wakanda are a match made in heaven," Iger told reporters. "Wakanda was, until recently, a secret kingdom, much like our own Magic Kingdom. With this new partnership, we'll not only get to continue our legacy of making movies that parents and children everywhere enjoy together, but we'll get to do so in a safe space that reveres abortion as much as we do."

Wakanda is one of only four African countries (out of 55) that allow unrestricted abortion.

As home to the most advanced technology in the world – and with the planet's highest per-capita concentration of wokeness – Wakanda offers women painless, hassle-free abortion on demand. As the Wakandan health ministry website explains, the complete absence of any white-patriarchal-Judeo-Christian influence allows women in Wakanda to have complete control of their own bodies (with the exception of females who are still fetuses). As winner of the U.N.'s 2018 Golden Forceps award (the U.N.'s highest abortion honor) Wakanda continues its glowing record on abortion. That makes it an ideal location for Disney's next round of live-action remakes of its own animated movies in which the company plans to remove all male characters.

Iger says he hopes to convince Wakandan leadership to share their top-secret vibranium-based abortion procedure technology so that American women can enjoy the same convenient, spa-like abortion treatment that Wakandan women have enjoyed for years.

Wakanda is one of only four African countries (out of 55) that allow unrestricted abortion. Disney plans to boycott and/or retaliate against the other 51 African nations, as well as any U.S. states, that restrict abortion. Specific plans are being kept under wraps, but sources say Disney's potential retaliation may include beaming Beverly Hills Chihuahua into the offending territories on a continuous, indefinite loop.

When asked how Wakanda's futuristic capital city and distinctly African landscape would be able to double for American movie locations, Iger said, "I guess America will just have to look more like Wakanda from now on."

One potential wrinkle for the Left-leaning studio is the fact that Wakanda has an impenetrable border wall-shield-thing designed to keep out foreign invaders as well as illegal immigrants. Iger said he understands Wakanda's policy of exclusivity, adding, "After all, not everyone gets into Disneyland. You have to have a ticket to get in. Anyone is welcome, but you have to go through the process of getting a ticket." When one reporter pointed out that Iger's answer sounded like the conservative argument for legal immigration under the rule of law, Iger insisted that the reporter was "a moronic fascist."

What if the unthinkable happens and Florida also enacts its own "heartbeat" law? That would be problematic since Walt Disney World is located in Florida. Iger responded that Disney would "cross that bridge if we get to it" but that the most likely scenario would entail "dismantling Disney World piece-by-piece and relocating it to the actual happiest place on earth – Wakanda." As for whether Disney would ever open character-themed abortion clinics inside its theme parks, Iger remained coy, but said, "Well, it is the place where dreams come true."

With the Wakanda solution, Disney may have found a place where Minnie Mouse can finally follow her heart and have true freedom of choice.

When pressed about the cost of ramping up production in a secretive African kingdom that has no existing moviemaking infrastructure (which could easily end up being much more expensive than simply shooting in California) Iger said, "You can't put a price tag on abortion freedom. Wakanda Forever and Abortion Forever!"

With the Wakanda solution, Disney may have found a place where Minnie Mouse can finally follow her heart and have true freedom of choice. And that will be welcome relief to traditional families all over the world who keep the Walt Disney Company in business.

*Disclaimer: The preceding story is a parody. Bob Iger did not actually say any of the quotes in the story. Neither is Wakanda an actual nation on planet Earth.

"Journeys of Faith with Paula Faris," is a podcast featuring conversations about how faith has guided newsmakers and celebrities through their best and worst times. The Church of Jesus Christ of Latter-Day Saints is a much maligned religion so Glenn joined the podcast and took the time to explain what it means to him and how it changed his life.

From his suicidal days and his battle with drugs and alcohol, it was his wife Tania and his faith that saved him. All his ups and downs have given him the gift of empathy and he says he now understands the "cry for mercy" — something he wishes he'd given out more of over the years.

You can catch the whole podcast on any of the platforms listed below.

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One of these times I'm going to go on vacation, and I'm just not going to come back. I learn so much on a farm.

You want to know how things work, go spend a summer on a farm. You're having problems with your son or daughter, go spend a summer on a farm.

My son changed. Over two weeks.

Getting him out of bed, getting him to do anything, is like insane. He's a 15-year-old kid. Going all through the normal 15-year-old boy stuff. Getting him on the farm, where he was getting up and actually accomplishing stuff, having to build or mend fences, was amazing. And it changed him.

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Our society does not allow our kids to grow up, ever. I am convinced that our 15-year-olds could be fixing all kinds of stuff. Could be actually really making an impact in a positive way in our society. And what's wrong with our society is, we have gotten away from how things actually work. We're living in this theoretical world. When you're out on a farm, there's no theory here. If it rains, the crops will grow. If it rains too much, the crops won't grow.

If there's no sun, they won't grow. If there's too much sun, they'll shrivel up and die. There's no theory. We were out mending fences. Now, when I say the phrase to you, mending fences, what does that mean? When you think of mending fences, you think of, what?

Coming together. Bringing people together. Repairing arguments.

I've never mended a fence before until I started stringing a fence and I was like, "I ain't doing this anymore! Where is it broken? Can't we just tie a piece of barbed wire together?"

Let's stop talking about building a wall. Because that has all kinds of negative imagery. Mending fences is what we need to do.

That's called mending fences.

And why do you mend fences? So your animals don't get out and start to graze on somebody else's land. When your fence goes down, your cow is now on somebody else's land. And your cow is now eating their food.

We look at the phrase, mending fences as saying, hey. You know, we were both wrong. Mending fences has nothing to do with that.

Mending fences means build a wall. My neighbors and I, we're going to get along fine, as long as my cows don't go and steal their food, or their cows don't come over and steal my cow's food.

We're perfectly neighborly with each other, until one of us needs to mend a fence, because, dude, you got to mend that, because your cows keep coming over and eating my food.

You know what we need to do with Mexico? Mend fences.

Now, that's a phrase. You hear build a wall. That's horrible.

No, no, no. We need to mend fences.

In a farming community, that means putting up an electric fence. That means putting up barbed wire.

So the cows — because the cows will — they'll stick their head through barbed wire. And they'll eat the grass close to the road. Or eat the grass close to the other side of the fence. And they'll get their heads in between those fences. And they can't get out sometimes. Because the grass is always greener on the other side. You look at these damn cows and say turn around, cow — there's plenty of stuff over here.

No. They want the grass on the other side of the fence.

So you mend it.

And if it's really bad, you do what we do. We had to put an electric fence up. Now, imagine putting an electric fence up. That seems pretty radical and expensive.

Does it really work? Does it shock them? What does that feel like to a cow?

The cows hit it once, and then they don't hit it again. They can actually hear the buzz of the electric fence. There's a warning. Don't do it. Don't do it. They hear the current and they hit it once and they're like, "I'm not going to do that again."

So you mend fences, which means, keep your stuff on your side. I like you. We're good neighbors. You keep your stuff on your side and I'll keep my stuff on my side and we'll get together at the town hall and we'll see each other at the grocery store. Because we're good neighbors. But what stops us from fighting is knowing that there is a fence there.

This is my stuff. That's your stuff. But we can still trade and we'll help each other. But let's stop talking about building a wall. Because that has all kinds of negative imagery. Mending fences is what we need to do.

You can have a tough fence. It could be a giant wall. It could be an electric fence. But you need one. And that's how you come together.

The side that's having the problem, mends the fence.