We are seeing the end of the American Empire and Trump will ensure that China will take the mantle of the new empire on the block. Between 1870 and 1970's the US had the envy of the world economy with 100 years of improving standards of living and a sense of having the greatest form of government, a capitalistic democracy. But for the last 40 years real standards of living have gone backwards in the American Empire and Trump , with his inflation based policies and one might say racially driven rhetoric with regards immigration will just fasten the demise of the US as the main player on the world stage. He only serves his billionaire mates and trickle down economics has been proven to not work ( ever since the days of Reagan). China who has lifted its economy from third world to being the growth driver in the world is the new Empire and will be dominant of course till they are not . But going by what the American Empire achieved that could be a century or several centuries of dominance. How will this affect coal prices? Well China will have a much bigger say on where coal prices go , than will our friend Trump.
WHC Price at posting:
$6.28 Sentiment: Buy Disclosure: Held
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