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Overstock Holds 3 Months Of Food, $10 Million In Gold For Employees In Preparation For The Next Collapse
Overstock CEO Patrick Byrne's crusade against naked short sellers in particular, and Wall Street and the Federal Reserve in general, has long been known and thoroughly documented (most recently with his push to use blockchain technology to revolutionize the multi-trillion repo market).
But little did we know that Overstock's Chairman Jonathan Johnson is as vocal an opponent of the fiat system, and Wall Street's tendency to create bubble after bubble, if not more than Byrne himself. That, and that his company actually puts its money where its gold-backed money is and in preparation for the next upcoming crash, has taken unprecedented steps to prepare for what comes next.
One week ago Johnson, who is also candidate for Utah governor, spoke at the United Precious Metals Association, or UPMA, which we first profiled a month ago, and which takes advantage of Utah's special status allowing the it to use gold as legal tender, offering gold and silver-backed accounts. As a reminder, the UPMA takes Federal Reserve Notes (or paper dollars) which it then translates into golden dollars (or silver). The golden dollars are based off the $50 one ounce gold coins produced by the Treasury of The United States. They are legal tender under the law and are protected as such.
What did Johnson tell the UPMA? Here are some choice quotes:
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.
So what do we do as a business so that we would be prepared when that happens. One thing that we do that is fairly unique: we have about $10 million in gold, mostly the small button-sized coins, that we keep outside of the banking system. We expect that when there is a financial crisis there will be a banking holiday. I don't know if it will be 2 days, or 2 weeks, or 2 months. 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.
The contents of the rest of his speech are largely familiar to advocates of sound money: fiat paper has no value, solid gold - as both a currency and an asset - has tremendous value but is difficult to transport (and since a systemic collapse would certainly involve gold confiscation, portability would be an issue); gold-backed money may be the best option, and so on.
We are confident the echo-chamber of worthless econohacks and macrotourists, the same ones who were absolutely certain the great financial crisis will never happen, will be quick to mock "prepper" Johnson and Wall Street pariah Overstock. And they have every right to do so. We only hope that after the next crash, with central banks all in and when calls for another global bailout hit a fever pitch, that all those pundits who made fun of the Johnsons of the world, will keep their damn mouth shut.
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Are they hiring?
I'm not convinced this is a wise announcement to make.
Something of a dying breed... A CEO that actually considers the well-being of his employees and makes tangible plans to ensure their safety in event of a crisis... A far cry from the usual wall-street types that would lay-off employees, liquidate assets and buy back shares... Kudos...
Patrick has been anti-wallstreet, pro-gold, pro-bitcoin for a number of years.
"something of a dying (rare?) breed..."
not an idiot, for sure.
Hail to the "Johnsons" of this soon-to-be-collapsed fiat world.
There is an interesting story about overstock and Patrick Byrne.
www.deepcapture.com
Click on 'the story of deep capture' link at the top. I never finished reading what that site has, but this has reminded to go back to it, figured id point it out to you guys. It's worth a look, as apparently they have been fighting jim Cramer and his ilk for a while.
But, good for this company. You don't see big companies run like this very often. I've bought stuff from their site instead of others because of what I know about the people who run it before, and I intend to keep doing so now. Good for them. We should all be so lucky to work for such people.
Good post.
I read the piece greenskeeper carl directed us to.
An immense scandal, quite possibly true. It's all there, Russians, crooks, MSM liars, ominous DTCC, slime at wikipedia, everything. Complete corruption. 59 pages lays it out, highly recommended reading:
http://www.deepcapture.com/wp-content/uploads/2009/08/deepcapture-the-st...
Gold, bitchez.
Torment to bullies and gangsters. <--- edited for civility
Hahahahahaha. Bitcoin, funny fake internet money.
Oh wait...
He's got gold and food first.
If you have disposable money after that....sure buy bitcoins.
I'd probably go for salt and seahells first....but that's just me.
OK.....I'm probably kidding about that last statement.....maybe.
The Mormons believe in storing a year's worth of food as part of their religion. Utah might be the place to be if the SHTF. They will even gladly share their food with non believers!
http://lds.about.com/od/preparednessfoodstorage/a/foodstorageshar.htm
Most 'Muricans store 6 months of food on their body, i the form of fat.
He deserves the Medal of Freedom...despite it's being debased the last few years like the Nobel Piece Prize.
You can store as much food and gold as you want, but you better have the means to defend it. No dialing 911 in a collapse situation. In fact, agents from the government may be your biggest threat? Utah is the best state to be for "preppers" due to the LDS Chuch, but in all other states it will be "from those with preps, to those with needs".
10m usd / 1500 employees = 6666.66666$ of gold per employee.
odd number.
RIPS
Rule # 1: NEVER tell anyone you have gold, guns, grub etc.
There are 2 secrets to success.
1. Never tell anyone everything you know.
2.
'Rule # 1: NEVER tell anyone you have gold, guns, grub '...or gonorrhea.
Can't imagine why they would not trust Wall Street
Overstock Short Interest Now 107% of Float on Deposit at DTCC
SALT LAKE CITY, March 24, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Overstock.com(R) (Nasdaq: OSTK) today reports that per the DTCC's March 10 Security Position Listing, there are 8,970,394 Overstock.com shares on deposit at the DTCC and that the NASDAQ reported short interest in Overstock.com of 9,578,481 shares for the same week. Thus, Overstock.com's reported short interest is now 107% of the shares available to be shorted.
Overstock CEO Patrick Byrne said, "The decimal is not misplaced -- we have cracked the speed of light. It is my understanding that some shareholders (e.g., pension funds) might have asked that their shares not be made available to shorts, thus reducing the 8.97 million shares the DTCC has available for lending. I also understand that the 9.58 million stated short interest does not include failed-to-deliver short sales, failed-to-deliver long sales, another category that the DTCC now cryptically calls, 'open positions,' or lending outside the DTCC (i.e., 'ex-clearing'), which only two guys on Staten Island understand. Thus the real ratio is anyone's guess, but it's somewhere between 107% and infinity. On a positive note, the DTCC continues to maintain that their Stock Borrow Program does not permit the creation of new or counterfeit shares: I think that's good, because otherwise this situation could be getting out of control."
Hmm. Think I'm beginning to like this fella.
FEDBuster is right; when the SHTF peeples will go crazy for these items, esp the 285 lb hungry gentle giants. And whatever you do, DO NOT flash a chicken leg in the air; you'll be asking for trouble.
My friends do not understand why I own multiple 'assault' weapons & several thousand rounds of ammo in various calibers. They make fun of my large supply of food, and cannot comprehend why I try to convert as much 'money' as I can into Silver.
When the shit hits the fan, and it surely will eventually, I will be the first person they run to when they panick. I don't kow what I am going to tell them, if they can find me in the first place that is...
Tell them, "Don't plan on coming to my compound. I warned you when silver, food, guns & ammo were cheap & plentiful."
Tell them "Don't come empty handed. Bring something of value, real value, if you expect aid".
Most won't have anything more than their wives and daughters to offer.
In the winter inviting all your neighbors in to sit on the floor and keep warm is a good idea.. any farmer will tell you it's the cows that heat the barn.. of course trips to the bathroom could get complicated.. but yeah, price of admission is one can of food, or something that burns in the stove
3500 Calories per lb of fat. This is about 3 days with little/no exercise and eating *nothing*; 1200 calories per day. Lets pretend it's 3 days exactly; 1166 per day.
Average height male: 5'10 -> 132lb.
How much do you weigh?
subtract 132lb, then multiply by 3 and that's about how many day's fat reserve you're carrying doing little/no exercise. Half it if you're active and divide by 4 if you're doing strenuous exercise. This takes you to the lower bound of "normal" weight as defined by most BMI charts.
:-) 6 months is only about 20lb. More realistically 40lb with some exercise... You may be underestimating how long Americans could last eating nothing,
By your own formula, 20lbs x 3 days = 60 days, 2 months. Thank god. ;-)
I'm confused by your 132lb "average"...
... according to 2010 data from the Centers for Disease Control and Prevention, these are the measurements of the average American man:
Height: 5 feet 9 inches (69.3 inches)
Weight: 195.5 pounds
Waist circumference: 39.7 inches
To be 5'9" or 5'10" and weight almost 200 lbs and NOT have a bodybuilder's physique, or a power lifter's strength, or a knuckle dragging troglodyte lower primate's bone structure... would seem to indicate at least 50 lbs of fat (excluding essential fat) based on my experience. Or stated another way, anything above that "132 lb average" that isn't muscle is fat.
Or there's the simplified picture version to compare to "average" neighbors.
Most Americans I see waddling around are > 5'10" and weight at least 285 Lbs.
If you go to Walmart areas, it's even higher. Thier thighs are bigger then my waist. However, they may serve a useful purpose as "Human Bunker Busters" in a time of conflict.
Average height 5'10" means a weight of 132 lbs? I'm 5'10", a little overweight at 205 lbs, but 132?
My best friend walked the Appallachian Trail two years ago, and when he finished, he was rail-thin at 5'9", 165 lbs.
I haven't weighed 132 lbs since I was 14, riding my bike 10km to school and back each day, playing football, basketetball nd hockey.
A 5'10" man who weighs 132 lbs is a stick man.
I'm only 5' 7" and I weight 135 - 60yrs old - weighed 140 at 18.
But then I still cycle 10 miles a day, minimum. Just got back from 3 hours of hiking & archery.
No fat on me, but I can move pretty quickly and keep going for a long time.
I logged in just to give this the thumbs up...Good Juan!
So, youre assuming that at least 75% of mericans are preppers and they dont even know it? lol
when the interneet is down...how much can you buy with "bitcoin"?
2015 - zerohedgers discover bitcoin is not a ponzi scheme. 2017 zerohedgers discover internet is not a prerequisite for bitcoin. But hey, we're getting there, we're getting there.
I'm currently on p. 20 and this is absolutely riveting. Seriously, I recommend reading:
http://www.deepcapture.com/wp-content/uploads/2009/08/deepcapture-the-st...
glad you guys liked the deep capture link. Another ZHer posted that a LONG time ago on another article, I believe it was about selling naked shorts. Wish I remebered who it was to give him credit, but I figured yall would like it. If you already loathe jim cramer, which I know most of us do, you won't want to stop reading, its that good. Even if only half of that shit is true(and I have no reason to doubt any of it) that guy belongs behind bars or worse. truly the scum of the earth. But, either way, its good reading for a slow weekend.
Also, if you don't already like patrik byrne, I remember a while back he told some dickhead on fox news that he saw no difference between the candidates(2012) when it came to important(to him) matters and that he intended to write in Ron Paul. He's been fighting the good fight for a long time, so its no surprise scum like cramer would go after him
On PP. 15.
Wrote in Ron Paul as well.
Excellent reading.
HOLY SHIT!
wow.
crazy.
-bob kahre
http://www.gpo.gov/fdsys/pkg/USCOURTS-ca9-09-10471/content-detail.html
Help me here SG, what/why are you pointing us to the link? This one post on ZH has given me a weeks worth of reading to do so far... and now you hit me with your link! Thank you for posting it but please put some context with it to help me prioritize.
Dude got a gummint boot on his neck and a reaming for paying his employees in gold and silver - Lois Lerner prolly wore the glove.
Thank you greenskeer carl for the Deep Capture link. I am watching Deep Capture - The Movie this morning. I wasn't very aware of Patrick Byrne and what he stands for - thanks again.
Thanks Mr. Gkeeper Carl. For the link. And the reading. Save these files. Who knows when they disappear? Or whatever. Save the files at home for prosperity. History is being rewritten as we speak. Every speck of insight should be saved in case "they get classified or lost".
I have been reading Deep Capture as long as Zerohedge. The Milken story grabbed my attention because I have a friend who used to work for him and testified in a taped deposition. Been paying attention to Patrick Byrne since I first got involved with SEC reporting and earnings calls when I ran across an article of him railing against Wall Street many years ago. Had that article on my refrigerator for many years. It is so rare to run across an executive with any ethics. If you had been reading Deep Capture, you would know the site was shut down a while ago but went back on line after winning a counter suit. The stories about what happened are probably still posted on Deep Capture somewhere.
~"There is an interesting story about overstock and Patrick Byrne."~
Holy crap, Carl. What an effin' story. I'm still reading it. Absolutely amazing. The implications of it are astounding. Hell, no one is safe from this stuff. Thanks for sharing the link.
Buy
Short
So do we buy stock in a company that looks like it will survive the collapse or do we short it because it now has a big target painted on it?
buy it now as a long term holding.
short it now with leverage for short term gains.
Ask Patrick to develop an investors portal where, after price equilibrium has been discovered, an eager investor could purchase interest using sound money.
i'm a fan of patrick byrne and overstock but i wouldn't buy stock in it as i'm not familiar with the business, and a better investment is investing in my own business.
but kudos to him and i support what he's doing, he will be much better situated during the next market crash than most.
I disagree, maybe not an idiot in one way, but surely an idiot to expose what he's got. He's baiting the 'FEDS' just to come and cause him mass difficulty and take what he's got, all in the name of national security. He's got balls, stupid, but he's got balls.
Time to stand up and be counted. Or not. Make your choice.
Standing up and being counted is great and even ideal if you wish to extend your survivability. However, the choice to shout it out to a most and possible dangerous society is another thing. If people from another state know you have something, you wouldn't under favorable conditions want many of those people making their way to Utah would you? If there is only so much to go around and threats to your survival and family might be ratcheted up, is it worth the risk broadcasting this. Some noble purposes need to kept closer to the chest. So yes I can also make choices and have made them, but I'm not about to put my face on Youtube and risk future ransom demands on my family or myself.
If the gold is held outside of the system and in Utah, pretty sure that is as safe as it gets. I would trust Utah more than most states, as going their own way and being a bastion of anti-federalism is in their history. But ignoring virtually everyone else and going their own way is what most people on ZH have felt at times, although that is changing. I continue to come across anecdotes and like minded people frequently. Kind of a paradox. Mormonism is a religion built on misogyny and established by a grifter and adulterer. To believe in this religion takes a suspension of disbelief and cognitive dissonance of enormous proportions.
That being said, I work with two guys who are mormons and absolutely great people. I think the mormon religions focus on family strength and large church community appeals to alot of people who see a lot of things to fear in the world, and are not comfortable facing them alone. Which is sort of opposite of the ZH community.
One thing he fails to take into account when he compares different types of currency is the power grid. If it goes down, that gold credit card from UPMA & crypto currency wil be unusable.
There's an app for that....
www.bitgold.com
Religions, like most ideologies, offer us just enough of what we do want, to ignore that which we don't. It is typically the leadership that uses their positives to leverage into a mandate for what is not.
Get off my lawn...
Notice that he didn't mention Bitcoin as a hedge against financial calamity....nothing but real money.
Well, let's not get too carried away....he plans on keeping his site running (aka making money) while the crisis is happening. To do so, he has to pay his employees their wages and provide them with food (because they will not be able to go to any market and pick things up).
He is an old capitalist....he wants to make money....but he understands that it is through his employees that this occurs.
And that is exactly the beauty of channeling human nature for the greater good.
So, just for thought. After going through 1 1/2 months of his food stores, does he release the rest?
1 1/2 being hypothetical, of course.
Maybe three months is what he is telling us, but not what he really has...
This is what was implied in objectivism. Many saw it as pure selfishness, while ignoring the fact that as a society we cannot live as an island. Our future and welfare is always somewhat dependent upon the welfare of others and should temper our selfishness. If we fail to take our own welfare into consideration, we have nothing to contribute to the welfare of others. Our survival depends upon consideration of the whole system, not just ourselves alone. The circumstance of employment should be co dependent, where the employer is as dependent upon its employees as the employees are dependent upon the employer. It is the government, that through the power of law and money printing, who is killing that co dependent relationship, making both business and workers not dependent upon each other but on government. A government that exists, that survives, from the theft from both business and workers.
I'm sure he also understands that there will be no business if everyone else does NOT have real money (gold) with which to purchase "stuff" they will certainly not need in a crisis. Therefore, the proper presumption is that he is enabling his employees to get through the crisis. Yes, he's a capitalist in every sense of the word, but that is NOT the conclusion to draw from the actions described herein.
A dying breed indeed.
OTOH, how many have employees that are worth saving?
I've always rooted for the underdog, and this Johnson fella definitely fills that bill.
Like the good samaritan who jumps in the lake to save a drowning man, he risks being pulled under, himself.
Check that. I may be wrong...
On second thought- nope.
Johnson's a dead man. A fucking stand-up guy he was, too.
Nevertheless...
We don't need stand-up guys in bizarro world do we?.
Long live Johnson!
I keep telling everybody I'm not insane. They just smile and go back to puzzlin' on their phones.
Fuck me!
Anyone who cares about others is a dying breed. The thinking person understands that their neighbors well-being directly reflects on their own. This is NOT to suggest that we should be redistributing, only that when we buy foreign goods, hire foreign labor, we are taking from our fellow citizens employment. When we understand as employers that when we abuse our employees, we are undermining our own future, our own economy. This applies equally to employees, who see as their mission to deprive their employer of profit through deliberate inefficiency and negativism, they too need to understand it is THEIR future they are undermining.
This is a cooperative codependent society and if we do not take all of it into consideration we will ALL fail.
Competition creates success, but there is a difference between outperforming your competitor and trying to destroy them. Competition through destruction IS our current model and it WILL destroy us.
Employers should be trying to make their products,services and jobs competitively desirable, and employees should be trying to make themselves indispensable, not through law and force, but through market demand.
Too many are afraid to compete and far too ready to use force to achieve their goals.
Now that resonates...
"Something of a dying breed... A CEO that actually considers the well-being of his employees and makes tangible plans to ensure their safety in event of a crisis..."
Only if all Mormon CEOs running for political office somehow die off. He's running for Utah governor in 2016:
http://hirejj.com/
"I'm not convinced this is a wise announcement to make."
My comment above shows why he did. So much for the "CEO that actually considers the well-being of his employees" being his primary motivation.
Overstock dot com headquarters:
Overstock.com Inc.
6350 South 3000 East
Salt Lake City, UT 84121
See you all there for the post collapse looting riots.
Note to self: The first rule gold holders: NEVER TELL PEOPLE YOU HAVE GOLD IN YOUR POSSESSION.
........................The second rule of gold holders: NEVER TELL PEOPLE YOU GOLD IN YOUR POSSESSION.
Unless you have firearms, lead and brass in your possession.......
Not even then.
Mormons are Christians and long outcasts at that, makes a lot of sense. Who should they trust and the protect their own.
Mormons are not Christians... Christianity is defined by the Bible alone. Mormanism incorporates the "extra" adjusted revelations of Joseph Smith which contradict the bible. This excludes them form Christianity.
Which "bible?"
Catholic has more/different books than Protestant, which differs from others.
The "Bible is THE word of God" is pretty strange once you realize that there are MANY different compilations all called Christian Bibles.
All I know for sure is that the King James, and Catholic, versions sure seem to pound home obedience to State, even if said obedience directly contradicts other parts of it.
And no, not an atheist, a thinking Deist with a thick reality streak is all.
Indeed. Which mistranslation of "The Bible".
Just in case you want a real answer to "which Bible?"
Those that are based on the Textus Receptus (NT) and the Masoretic texts (OT).
There's less argument on that within core protestant theologians than you may think.
The early Church had a meeting in 325 called the Council of Nicea where they decided what would be included in the New Testament and what would be excluded, what would be creed and what would be heretical and anathema. You can be very certain that the early Fathers, being very certain of their rightousness and jealous and protective of their power, were of a controlling nature and chose texts that refected that nature. I imagine a little creative rewriting occurred at that time, as well. Even the apostles argued about whether or not to change Christ's teachings to better reflect what they were sure he actually meant. Previous to that Council there were many texts and versions of the New Testament and many versions of Christianity. You can ask the Gnostics how that whole thing worked out for them, and the Cathars are a more recent example.
One of my life-long best friends is a Mormon. She would never consider herself to be a Christian. They do not believe that Jesus is the son of God.
People can just come to your house when only your wife and children are home and take what they want. You will do nothing, especially some Walter Mitty standoff.
My wife and children are well armed. Molon Labe.
I'm the wife, and the better shot, also I fight dirty.
They could try but might be better off waiting for me to go to work.
Not advisable. This kid makes Hollywood shit look real.
https://www.youtube.com/watch?v=HnJZ2haLPCw
Word up dawg.
They will die. You are living a fantasy.
We're all going to die. The only choice is how. With your boots on fighting, or in the infirmary at FEMA camp X.
Nothing but choices....dirty rotten choices.
And what will you do, oh Probed One?
Chances are it's all held offsite.
Arrrrgggg, buried treasure...
Spoke like a true boating accident survivor. Good work.
If it wasn't for that terrible boating accident I'd have been able to do my civic duty and help bail out my government. I am inconsolable. At least the lead bullion wasn't lost.
Do you really think the limit of their preparedness is gold and food? This being Utah, I'll bet the employees have guns of their own even if Overstock has none. And employees have a motivation to defend any warehoused items. Which aren't at the headquarters anyway.
First, I work right next door to these guys. I'm sure the gold is not on site. And yes, on a typical suburban street in this area, nearly everyone has a gun. My neighborhood has more guns than people. But where I work (in a major corporation next door) it is considered a "gun free zone".
Time to quit player.
As far as I know, gun-free zones are not bear-spray-free zones. That is what we keep planted around the company. It shoots 30 to 40 feet and is stronger than pepper spray.
SLC is 93% white. Nuf said?
yes, pretty much
Mormon prepper's, it's part of the doctrine, a year of supplies; a good idea for anyone.
Old girlfriend from Texas, Southern Baptist, said she didn't need to prep because she had a shotgun and knew where all the Mormon neighbors lived. She smoked a pack of Marlboro's a day and could drink me under the table. My private nickname for her was "Texas Tornado".
IMO - Utah, Idaho, Arizona and Texas are the most prepared states. I've met some amazing people here in TX. That saying they have, about not messing with them, is true.
I'm sure they'd throw a bone into her in exchange for some canned green beans.
If she thinks she's going to take anything off of a Mormon family without their consent or an army, she's fucking nuts.
She's delusional. She has better odds of getting taken care of, by becoming an Apprentice/Associate Wife.
;-)
When faced with the prospect of what we all fear, most are dependent on delusion to make it through the day. Most are busily imagining what everyone else is thinking and will do, when in reality, they have no idea.
I have no gold, no silver, no food and no weapons. My electronics are all running on Windows 98.
I do have leprosy, tuberculosis and hiv.
Okay now I am safe.
This may or may not be true, but I once read an article that said Windows 98 is actually safer than anything that came after because much of the networking was shutdown by default (vs being wide open which is today's default settings for most OSs). Someone more knowledgeable can probably speak more intelligently than I can but if love to know if it's true.
ersatz - I'm not even sure a Win98 PC could connect to the internet anymore, so in that sense it is *very* safe, ha ha.
I read that at some point coming soon, any PC using an OS prior to WinXP would be shit out of luck in navigating the web due to websites going away from sha-2 encryption in https because of security concerns. When the transition away from that encryption is standard, older browsers will be non-functional, and newer versions of the browsers would not be compatible with the older operating systems.
Your so safe, Fort Knox is still scratching its balls
Oh he's a fucking Morman he can go and die with his magic underwear and homely wives. Blond haired Jews is all they are. Now fuck you.
Skewer a like minded person who probably agrees with you on a majority of issues, including the most important of all-SOUND MONEY(the most important issue, because all the other bullshit depends on the printing press) because he believes in a different magical sky fairy. Brilliant. With geniuses like you on our side, how can we lose?
I am fairly sure the doctrine of Joseph Smith and his gold tablets have been abandoned.
Go eat a bag of dicks.
Fuck you big Morman cunt, ya shit your underwear and Andy Ried is your boy.
"NEVER TELL PEOPLE YOU HAVE GOLD IN YOUR POSSESSION."
This is true but I bet he has it highly secured & booby trapped. Or he'll come out later and say it got lost in a boating accident on the great salt lake! Seriously though, you have to give him credit for coming forward like that. It's a way of telling others they should be doing the same.
Third rule: Never post on news sites when you can't spell or write properly.
I'm very convinced that was a wise post you just made.
Everybody to talk about it. When you keep your mouth shut everyone who thinks the same way thinks they are alone and in the minority. We must all put the stigma on the elites and the Banksters and the crooks in government, especially the DOJ and IRS.
The worst thing a prepper can do is let the world know they are a prepper. Now others who don't want to spend the time and money can just get some guns and take it from them. More likely, a few men from the local government, accompanied by otherr heavil armed men, will visit them and confiscate it for redistribution.
I laugh when I see preppers who have a website advertising to 6 billion people that they have more food and supplies than they need. They usually are dressed in camouflage outfits, the "shoot him first" clothes.
It may not be wise but then again it may be. If it was a secret then he can be killed and it becomes a conspiracy theory. Now it's publically known, any such action against him will now not be so easily dismissed. At least now it will have to look like an accident.
In times of national emergency, it will be legal to take all the resources and divide them up. The Walmart distribution centers with all their sorting machines will do the work. This is not conjecture, it is public knowlege. If you refuse to turn over all your excess food and supplies, you can expect the worse. Unless you want to die in a hail of bullets, it is best to STFU. Don't tell anybody. Keep it offsite. Be the invisible man, the Gray Man.
Links please.
https://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-n...
The mistake the tinfoil hatters made when this was published was making the critique personal about Obama, and claiming this was some new encroachment.
All it takes is a .gov declaration and the existing (since WW2) frameworks and their subsequent expansions can be reactivated. There are, however, differences in the details between Congress declaring war versus different Cabinet Secretaries declaring different specific types of emergencies authorized by various statutes. Then again since AUMF (as a sort of declaration of war) is used as legal justification for continued martial presence in Iraq & Afghanistan... any further input from Congress would really just be a formality, courtesy, or sheeple sales pitch (perhaps bundled with some handout "for the children").
"...and in other news today Overstock's corporate HQ's was raided by government thugs. It was said that Overstock was hoarding gold, and food during a national crisis"
Jules: We should have shotguns for this kind of deal. .....
"I'm not convinced this is a wise announcement to make."
Mickeyman, that was my very first thought, as prepping essentially changes the rules of Fight Club as follows:
1. You do not talk about [prepping].
2. You DO NOT talk about [prepping].
3. If you DO talk about [prepping], YOU MUST DO IT ANONYMOUSLY.
It's difficult to educate and warn others without putting oneself into danger. When the masses have no means to purchases goods and no food to eat, they will remember who prepared. I've even had people mock me for advising them to prepare, then say, "Well, if anything happens, I'll be coming to your place." Presumably, a company such as this has means to protect its stores and its people, at least from marauders...not so much the government, which will, of course, tell everyone how it's "not fair" that others have this and that when everyone else doesn't.
100% Awesome...no downside...I like it.
My kind of company. Note that they did not disclose ammunition, weapons, etc.
Now I want to work there.
Gotta love Mormon preparedness, they will also provide full-body underwear and five wives for each employee.
Ill take the underwear but 5 wives shit I have enough problems just handling one. Now 70 virgins and m in lmao
There might be a virgin in the bunch but it appears the rest will come well-broken-in...
Dirty Mormons!
LMAO.
I had a great time in SLC last winter, lotsa young hot girls all over.
You b right about SLC, back in the day when I was in the 'hunt' (80s), SLC was one of my very favorite places to visit, when managing the Western Region for a computer systems company. Beautiful ladies everywhere, with wide eyes, and hungry for good 'conversation'.....
What happened to the other two virgins? They get sacrificed to the great monetary gods in the Eccles building??
Smart guy. He who panics first panics best and all.
THE LINKS TO THE DEEPCAPTUE SERIES....DOCUMENTS SHOULD BE DOWNLOADED AND KEPT. for when they become erased and disappear. Tor needs to flourish. If it is not "captured" already. All these exposes need to be saved on multiple individual computers. Cause ya know they will just disappear......
I will now shop Overstock, not Amazon. I can vote with my money.
EDIT: for misspelling.
of course they are... they are ... over-stocked
:^]
"It's all about the gold."
It's too bad I hate the Overstock website. I like the way these guys think. Except for their crappy business model.
Based on the video above...I will look at overstock first. Anyone who cares this much about their company and workers deserves my respect. WTF...its an American value. At least it use to be.
Actually respect for honest dealing is not an American value. It is human. And worldwide. And way beyond any frigging treaty that is being cooked up...or crooked up in secret.
Cool.
Just seems like something that should not be talked about, though.
Hungry zobmies will make a note of this story!
*Let's eat at your place tonight!*
Zombies don't actually read and totally ignore stories that relate to real possibilities. Now if Kim Big Butt Kardashian said something like this..I'd really be questioning my investment decisions, my sanity, and pretty much everything else.
When are these dumb fuckers going to realize that none of the fiat money sytems will work. capitalism, socialism, communism, ("fill in the blank_____) because of corruption.
The first rule about being a prepper is you don't tell anybody you're a prepper.
I was a prepper once in my life. Food, guns, ammo, gold, other necessities and I kept all of my prep items in my boat. Then one day on the lake a tragedy occurred.......
Oh well.
I just bought a new defensive shotgun....come and get it !
Gold Bitchez.....I pick up pennies
I want an AA-12 so bad I get a woodie just thinking about it.
Now here's a company that really cares about its employees and has some common sense as to what is really happening.
I would like to say though, this next economic meltdown will be catasrophic for many Nations. How the general population will handle it...well, I am going to say, not well, not well at all. I believe the government will step in and declare "Marshal Law".
Mass confiscations will happen including companies with soft and hard assets, it will not matter how much gold you have or even how many bullets you can fit in your cartridge, the government will take it all, except of course for your smartphone, you can keep that so they know where you are at all times.
The clock is ticking...it stops for no one!
Optomistic guy you are. But I will say this. They ain't taking shit from anyone. They are pussies, and when puch comes to shove they will fold. I don't have any social networking pages and no smart phones. I've never even owned one - and never will. Hell, I don't even have a microwave or a tv.