Overstock CEO: Stockpile food for the credit crunch!

Posted Sep 12th 2008 3:40PM by Zac Bissonnette
Filed under: Politics

Overstock.com, Inc. (NASDAQ: OSTK) CEO Patrick Byrne is no stranger to bizarre paranoia and conspiratorial lunacy, but he actually appears to have topped himself in a YouTube interview with market pundit Don Harrold: "Everybody should go out and get sort of a two or three month supply of food and water for when there's a huge dislocation... There's nothing wrong with putting a thousand dollars worth of camping food in your basement."

Wow. And then he somehow links the whole stockpiling food thing to writing to politicians to complain about naked short selling. He then talked about Iran's plans for attacking the the east coast with nuclear weapons. Just so you don't think I'm making it up, watch the video below. He closed by saying that "Jim Cramer's a crook."

Tags: Food, OSTK, Overstock, Patrick Byrne, PatrickByrne

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Reader Comments (Page 1 of 1)

9-12-2008 @ 11:57PM

jerry mcdonald said...

That's probably the best advice i've heard in a long time. If you don't have a supply of food, you can rely on for three months, you will starve. No one today understands what it would be like to try and survive a depression for any length of time,but we will soon find outIf you think this government cares about you, look back to katrina.

9-17-2008 @ 11:38PM

Bryan Jaeger said...

The events of the past few days have seen Byrne's stock soar and yours plummet, Zach. He's been right and you've been 100% wrong on the naked shorting issue. It's that simple. Carry on.

9-17-2008 @ 11:32PM

Bryan Jaeger said...

The events of the past few days have seen Byrne's stock soar and yours plummet, Zach. He's been right and you've been 100% wrong on the naked shorting issue. It's that simple. Carry on.

9-17-2008 @ 11:34PM

Bryan Jaeger said...

The events of the past few days have seen Byrne's stock soar and yours plummet, Zach. He's been right and you've been 100% wrong on the naked shorting issue. It's that simple. Carry on.

9-17-2008 @ 11:37PM

Bryan Jaeger said...

The events of the past few days have seen Byrne's stock soar and yours plummet, Zach. He's been right and you've been 100% wrong on the naked shorting issue. It's that simple. Carry on.