Overstock CEO Jonathan Johnson Prepares For The Coming Financial Crisis

Overstock CEO Jonathan Johnson Prepares For The Coming Financial Crisis

Jonathan Johnson, the chairman of Overstock.com (one of the largest US ecommerce companies) has made significant preparations for central bank failure! He has allocated company funds to stockpile over $10 MILLION DOLLARS worth of gold and silver fractional coins that can substitute as ‘payroll’ and keep the business going during the financial crisis.  Thanks to Jonathan Johnson’s diligence, Overstock’s employees will be protected and still have a way to trade during a time when US issued dollars will be worth nothing turning our world of commerce (and life in general) upside down as we know it.

Jonathan has even gone as far in has preparations as stockpiling 3 months worth of dried food for all his employees plus one spouse (or family member) each. Overstock will be ready to do business while everyone else Is down and out of due to lack of preparedness.

cryptocurrency-bank-of-americaAnd these announcements are also in the wake of the fact that Overstock.com started accepting Bitcoin for online payments in January of 2014.  Thanks to this move, Overstock has been experiencing record profits from bitcoin thrifty shoppers. (see CNBC article: Overstock Bitcoin Profits)

Jonathan Johnson recently spoke at a United Precious Metals Association event in Utah (where he is also running for Governor) and he had some interesting things to say:

“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.”

Writer’s Perspective: Now I’m personally feeling pretty nicely about the silver I have acquired over the years. And this silver will be very helpful during a time when our typical greenbacks are not. And like many others, I have also provided myself with a ‘Plan B’ by putting money into cryptocurrency. Cryptocurrencies are not controlled by a central bank or government and their value is not tied pegged or tied to any fiat currency (like the US dollar.) So when fiat currency fails us (inevitable), the value of cryptocurrencies will be more likely to stay the same or increase significantly in value as opposed to drop in value.

jonathan-johnsonJust think about it… the demand will be greater than ever for a fully functional currency that can be easily moved in and out of any other fiat currency you need (and for free.) With this type of solution trading and business will be able to carry on, even in the wake of a failing dollar.

Cryptocurrency has helped many people in situations of financial crises that have been happening around the world recently (i.e. Greece, Spain, Portugal) and since financial collapse is not a question of ‘if’ but when for the US… the solution to protecting your financial future is right in front of your eyes.

What are you going to do while there is still time? We are at a historic moment in time where we still have enough buying power via the US dollar to prepare for when that buying power is lost forever

Check out the video where Jonathan Johnson CEO of Overstock explains how he has prepared his company for the upcoming U.S. bank failures and global reset:

 

I hope you enjoyed today’s post, and that it has you thinking of what you can do to prepare for the failure of central banks and fiat currency.

Until next time,
what-is-a-cryptocurrency
P.S. Now that you realize the importance of diversifying your money holdings outside of the central banking system and ‘the US Dollar’, you should take a serious look at cryptocurrency.  We recently put together a mini crash course on cryptocurrency for beginners that explains everything you need to know to get positioned for wealth.  Click the following link to gain access:

FREE Crypto Mini Course <<== CLICK HERE

 

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4 Responses to Overstock CEO Jonathan Johnson Prepares For The Coming Financial Crisis

  1. Great stuffs exactly what I am doing though not on the same level nor rate but great to hear some specific individuals planning ahead.

    • It’s a good idea to be proactive and prepared for what may come. The collapse of the world’s fiat currency system has been a long time coming, and it’s inevitable. I wish you much prosperity and luck, thank you for the comment!

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