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The Bankruptcy of Coal

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Published on Apr 20, 2016

The bankruptcy of the largest coal miner, Peabody, is a lesson of the importance of paying attention to promises from Washington. In 2008, the promise was to bankrupt any coal projects. The "agenda" rules.

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Auto generated Transcript by YouTube
Welcome ladies and gentlemen this is Bert Dohmen with cahrt predictor and today we want to look at a chart the death doesn't actually predict because the company just went bankrupt but does teachers some important lessons this is the charge of BTU Peabody Energy at one time it was the biggest coal company in the country employing thousands of people and if you listen closely you would have been able to predict this decline because of reverse merger of 15 2011 shares got one new shares the price in 2012 was actually near the $600 and levels $600 and you just before going bankrupt last week it was $2 k so you can see that this was a huge decline company no longer viable but it was in 2008 that our current president has said that any company so building Corp plant would be bankrupted by his policies so that told you what the agendas and I always tell investors tried to identify with the agenda either of the White House or Congress or of the central bankers around the world if you know what the agenda is you can probably figure out where the markets are gonna go with these are the people that make the policies they make the laws and you can think all you want to about the great fundamentals but they don't matter is somebody has an agenda to destroy street or to support the industry Indesit cases was destruction and the fundamentals encore that China is using plans for making steel etc but USDA policies were different so here you can see charges when it broke through this year this this price $200 that was ultimate cell signal to support 2013 so you could have made a lot of money by selling short but it was also difficult because many of the shares had already been politics he couldn't even get the shares to sell short insiders on wall street had gobbled them all up and knew that the company would eventually go out of business so this is Bert Dohmen with today's lesson of listening to the people who make the laws and the rules and the regulations come with us again for the next episode of chart predictor

  • Category

  • Song

    • MX226_79 - Corporate Success-13858
  • Artist

    • Ariel Mann, BMI|Randy Miller, BMI
  • Album

    • MX226 Money and Markets
  • Licensed to YouTube by

    • AdRev for a 3rd Party (on behalf of Megatrax Music, BMI (Megatrax)); AdRev Publishing

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