One of America’s Largest Online Retailers Is Preparing For the Financial Collapse

Overstock.com is one of the biggest online retailers in the US with sales into the billions per annum. Unlike every other large company in the country, however, they are making highly prudent moves to prepare for the coming collapse.

Jonathan Johnson, the Chairman of Overstock.com, had this to say on what he foresees, “We are not big fans of Wall Street and we don’t trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don’t trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis.”

What are they doing to protect themselves from the coming crisis? According to Johnson, “We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis. We also happen to have three months of food supply for every employee that we can live on.”

Unlike other companies, Overstock will continue to pay its employees even during a financial crisis – and not with fiat scrip.

‘If that’s not enough, Overstock is storing food for their employees to survive a serious crisis event. Johnson sees this kind of “prepping” as better than “money in the bank.”

It’s not as if Johnson is making things up. Greece comes to mind as a place where an EU inspired economic collapse panicked the populace. Of course it wasn’t reported widely because the mainstream media ensures that people never fully grasp the fragility of the system, but what passes for civilization broke down in Greece. ATMs were smashed open and grocery stores looted by a populace desperate for food and currency.

Such panics may resolve themselves in a few days weeks but if you don’t have food or money, you may not make it. Even a few days may be most injurious to a family that hasn’t stored any resources.

In the US, government officials are actually demonizing so-called “preppers” that fear the worst and are storing food, ammunition and guns. The mainstream media, trivializes these fears. But when one closely examines the behavior of government officials and other powerful people, one makes the discovery that they are “prepping” too.

It’s only prudent. There are great changes afoot worldwide and elite groups determined to change the course of history. One example is via global warming.

Recently World Net Daily published an article entitled, “U.N. Planning Court to Judge US. for ‘Climate Justice.’

At the upcoming United Nations Climate Summit in Paris, participating nations have prepared a treaty that would create an “International Tribunal of Climate Justice” giving Third World countries the power to haul the U.S. into a global court with enforcement powers. Congress would be bypassed – left out in the cold – by this climate deal …

This is just one change that the global elites are contemplating to move the world away from nation-states and toward a more aggressively unified world. Another change being ushered in is contained in the wording of the recently negotiated TPP treaty.

This so-called trade treaty creates an international judicial system that allows multinational corporations to litigate against nation states when officials at these corporations believe they are not being treated fairly.

Taken together, the above-mentioned judicial facilities provide the building blocks for a supra-justice system that will operate entirely away from individual citizens. Nonetheless, it will be the resources and income of citizens that will be at risk from the decisions of these special courts. You won’t have input but you’ll pay.

This new justice system is not all that is changing. Elites are more frank than ever about moving the nexus of power from nations to a consolidatedl facility that will include global government, courts, an international taxing authority, a global central bank and a global parliament.

In order to make these changes, the world will have to be subject to a kind of “shock and awe” campaign aimed at reducing citizens’ resistance to the enormous changes on the way. It is obvious to those who have the courage to see what is going on. The Dollar Vigilante has been one of the only publications to write about what is upcoming in some detail.

What is being planned is a move from democracy to technocracy – a rule by experts in which only a select few that have been carefully vetted and exposed to a powerful system of academic indoctrination will be allowed to grasp the reins of control. One can see this system being readied, but it is not yet fully in play by any means.

In order to get “from here to there,” a protracted economic and perhaps military crisis will have to be generated and implemented. In fact,there is NO question that such a crisis MUST be implemented for that is how such social change is galvanized and delivered. Starvation, ruin, regional and perhaps global violence amounting to a kind of genocide are necessary to ensure the population is cowed and malleable enough to accept even the most extreme sociopolitical and economic “terra-forming.”

Johnson has it right. A crisis is coming. He doesn’t attempt to put the “why” into words though he is eloquent about the “what.” But if you look clearly into the past and then peer into the future you too can see the shape of things to come. It is going to be terrible and those who are not prepared are going to suffer inordinately – if they even manage to survive.

This isn’t the first time that Overstock has taken a bold move to protect from fiat collapse. On January 9, 2014, Overstock.com became the first major retailer to start accepting bitcoin as payments for its goods. In fact, they’ve been one of the biggest supporters of cryptocurrency. On September 14, 2014, Overstock announced it would begin donating 4% of bitcoin revenue to foundations that were advocating for cryptocurrency!

And with bitcoin nearly hitting $500 today, for a gain of over 100% in the last month, that looks pretty smart.

In fact, from our perspective, everything they are doing makes total sense. Unlike almost every other major company in the US, Overstock.com isn’t looking into the rear-view mirror, they are looking at what is coming next.

If one of the biggest online retailers in the US is moving towards cryptocurrency, purchasing gold & silver and even storing food in preparation for a financial collapse… maybe you should take notice!

To most it looks crazy. That’s because most think what has happened in the past will continue into the future. It’s called normalcy bias and almost everyone’s inflicted with it.

Overstock isn’t… and neither are we.

In most crises only a bold few see it coming. And even less have the courage to act on their convictions publicly. Imagine what courage it takes to go against the grain with a large company that has to answer to its shareholders… yet they are so certain of a crisis coming that they are willing to look crazy to those who have blinders on and don’t think a crisis is even possible, much less probable.

Many who watch CNBC and their other television programming daily might see Overstock as being paranoid and crazy. We see Overstock as being sane and rational.

Unfortunately, until the crisis hits, and it is already too late to protect themselves, most won’t see it that way. And, they’ll regret it.

[Editor’s Note: In the next 12 hours we’ll be updating subscribers on whether they should be buying or waiting for a pullback on bitcoin after it hit a high of $502 today, now up more than 100% in the last month. Subscribe here to get access to the most relevant and important financial newsletter in the world today.]

Originally Appeared At The Dollar Vigilante