So I see Citadel radio being listed at one penny today for the price of one share of their stock and could well be yanked off the NYSE by the time you read this.
So the question I have is overall with the shrinking cost of stocks is the ease at which it would be for one person to buy so many corporation’s stocks outright these days. So what if Warren Buffet or another super rich person…perhaps a foreign person….were to buy several of these huge corporation’s stocks and wind up controlling the stock for a few million dollars. This could truly change the world’s balance of economic power even more so that we see now. This could make the Obama Rescue Plan look feeble in the Titanic size this transfer of wealth could be in the rich of America were to buy stocks willy-nilly and wind up owning far more than the 33% of all assets in America than the top 1% of America already owns. The extreme would be someone buying up a stock and forcing the insertion of their own board members and then directing the corporation to use raw materials from elsewhere or changing hiring practicing or worse. There could be a huge implication for the American workforce pay, retirement, health care as well as the industries these corporations work within. The corporation could be run into the ground with bad decisions so as to kill it off purposely so a foreign corporation can dominate that industry. It could happen…it is not THAT far fetched and it really would not cost that much to do today. The need for a payback with the purchase of that stock would not be there as the actions of the purchasing entity could be backed by a government and the payoff would be THEIR already nationalized industry doing better over the next decade or longer. Toyota buys GM stock and kills GM giving Toyota donamiation over world auto sales. Why can this not be done with ease today? This is how America will be taken over…not by military force but rather by economic force that may happen so quietly that it truly could come as a thief in the night and own the nation and drive paychecks down before we even recognize what is happening.
How can’t this be a possible outcome of this whole mess?