Originally Posted by Bluesteal (Post 3037768)

LOL!! You have no idea what im talking about... this hasn't happened in OUR time, but the history of monetary policy shows that ZERO Fiat currencies have survived longer than 50 years. Fiat currencies always FAIL everytime. You expand the system and then when it can't expand(debt), it collapses! That is what I mean by history. Incase you didnt know, this system has been setup to fail. This virus didnt cause this problem, the problem has been 50 years in the making. The virus was just the prick to pop the bubble. If it wasn't the virus it would have been something else. You just watched Oil collapse, the dollar is tied to oil, there is no demand for oil, there will be no demand for dollars and the FED continues to print trillions of dollars with no demand... You may have heard of Thomas Jefferson? He warned about this.. Get ready for massive deflation(already beginning) followed by massive hyper inflation. Sadly, the standard of living for most americans will plummet. Fiat currencies has been around for centuries and 100% Fail... Gold wins every time. The world will have no choice but to go back to the Gold standard (pre 1971) once this mess is over and it's not gonna be pretty. But hey, i meet people everyday alot are pilots and so many seem awake and aware and have been preparing, i guess its just you and a couple others. Im here to be nice and tell you that you still have some time, not much but get prepared.

PS... This current system we are in, is part of the reason we fought the American Revolution LOL

Originally Posted by AboveMins (Post 3037652)

I'm interested to find out which flight school you think we went to together. I bounced around a few FBOs back in the late 90's/early 2000's, and don't think we were ever at the same one.

Originally Posted by Bluesteal (Post 3037778)

hahah, You dont think I have guns and ammo too? haha atleast you got that, ill give you that hope you got food too at the end of the day we all on the same team as americans,

Originally Posted by Bluesteal (Post 3037572)

Common guys! lets get with it! study your history, study the history of fiat currencies you cant just print trilions and trillions and trillions of dollars and expect everything will be ok. We are at the end of the fiat currency. Turn off the tv, this bubble has been created for decades and now all the supply chains are collapsing.. there is no way to expand the dollar. You all should have extra food, guns, gold, you are witnessing the end of your dollar. The dollar will be replaced at sooner than later, what that currency will be is the question, but people holding the bag of dollars will end up broke. Get your families prepared, this is no normal recession on the way.

Originally Posted by piloto2 (Post 3029859)

My guess is that they won't completely eliminate all 50 seat flying, but there will be a significant reduction. Probably 50% or more of the 50 seat fleet gets retired. Suppose it's 2/3 that gets eliminated. That would fall in line with keeping the 145XRs and maybe the 550s that have already been converted. I think that would be about 95 aircraft on the 145 side of the equation. The "consolidation" wouldn't have to include the crews, unfortunately. Just the portion of the routes that United continued to fly that were previously farmed out to multiple carriers would be consolidated. UAL already did that with Trans States aircraft and the routes they had been flying. Some of the Trans States pilots did come over, but it was at the bottom of another regional's seniority list. Which regional would remain UAL's 50 seat operator might be the big question. Would they favor one that they already hive a financial stake in or would they possibly keep two around for some competition (whipsaw)?

Originally Posted by flyguy727 (Post 3038887)

There is going to be a significant reduction in service. Majors will do massive furloughing in September, thats going to put a stop at hiring there,, for at least 8 years. Which translates to slow upgrades at the commuters,, gone are the days you upgrade in 12 months. Also, get a second skill set,, you may need it..

Originally Posted by terks43 (Post 3038942)

I heard that the majors are going to stop hiring for at least 40 years because of this.

Originally Posted by flyguy727 (Post 3038960)

Naaa, if you go by pass history, 80s, 90s, usually takes about 8 to 10 years for them to rehire. That's why a lot of people just got out of the industry. There was no movement.

Originally Posted by flyguy727 (Post 3038887)

There is going to be a significant reduction in service. Majors will do massive furloughing in September, thats going to put a stop at hiring there,, for at least 8 years. Which translates to slow upgrades at the commuters,, gone are the days you upgrade in 12 months. Also, get a second skill set,, you may need it..

Originally Posted by terks43 (Post 3038942)

I heard that the majors are going to stop hiring for at least 40 years because of this.

Originally Posted by flyguy727 (Post 3038960)

Naaa, if you go by pass history, 80s, 90s, usually takes about 8 to 10 years for them to rehire. That's why a lot of people just got out of the industry. There was no movement.