Predict the Future - Industry in 2020

[ACL65PILOT]

With all certainty oil will eventually be traded with denominations other than the dollar; the dollar will fall in value and our cost of living in the US will rise. The US will lose ground in a coming resource fight, hyperinflation will set. The combined cost of maintaining our aging infrastructure, oversized military, underfunded social security and healthcare will lead to further discontent. America is in a state of emergency and no one knows it now, wait till everyone realizes how poor a nation we are becoming. America has a fourth private branch of government; The Federal Reserve. That branch has expressed the whims of corporate and political greed to the point that our nations wealth is constantly exported. Ever notice how all US Treasury secretaries come from The Fed (a private company)?

We'll have more Tea parties and just maybe we'll find a better national fiscal policy, foreign and trade policy. Our country is like our airlines in that CEOs and politicians are revolving doors who look out for number one. Of course not all of them are corrupt, but by and large the system is fraught with a lack of national pride and no sense of self-preservation.

Either way we, our families and America will be poorer. But there will always been planes and at least we (for the most part) will enjoy our jobs... while we finance the social welfare of America. On the up side, there will be more movement in the airlines industry than ever before and hopefully we'll see a real pilot shortage if Congress presses the 1500/ATP rule. On the down side, we continue to work in the most volatile industry ever.

In the meantime, enjoy the show:
Live US Dept Clockhttp://www.usdebtclock.org/
Current Bailout Origin: http://www.youtube.com/watch?v=u8DXPlGRDK4
Coming Hyper Inflation: http://www.youtube.com/watch?v=SzmYI_4XCbM

As you point out, politically, the government will have to continue to add debt or print money to stay in office. I am not sure we can do much of the former. The real question is when the Executive Branch tells the Federal Reserve to just print money, and they say no, what will the leaders do. My guess is take the reserve over, print the money, which will devalue the dollar a min of 30-40% more.
Geo-politically that will cause a forest fire, and we will see where things go from there.
The U.S. dollar is over extended. The world markets see, it, and the only way to keep the peace in this country is to further devalue it to keep the dollars flow in this country and to keep the politicians in DC.

There are plenty of ways to fix this and stop the cycle. In the simplest of terms, the US government needs to adopt the Dave Ramsey Debt Snowball and get off the credit cards.

 

[Scope out RJ's]

What will this industry (major pax and cargo) look like in 2020?

Hiring? Not? Unmanned airplanes? More consolidation? Who will be Ch.7 ?

Etc?

I predict that joemerchant will still be at ASA and be posting his rhetoric about and against alpa.
crj567 will be 10 years older and will up his BJ price to $10 from $5, but still be an f/o at ASA due to being told he needs to work more hours at Wendy's. He will however, have moved out of his mom's trailer, and into his own trailer!

 

[ACL65PILOT]

One distinct difference from today and previous economic meltdowns is that this time we are on the Fiat Money system designed by progressive governments. How the world will react to this could be differently that anyone can predict.

 

[Flybywire44]

Also, please see Gereld Celente - http://www.trendsresearch.com/

 

[brownie]

2020. What hell i just spend everything i had because they said the world was ending in 2012.:bawling:

 

[johnsonrod]

One word: Cyborgs

 

[PeanuckleCRJ]

Barrack W. Obama will be president. Universal Health Care will have worked just like everything else the government does.... perfectly! All our needs will be taken care of and there will be no need for anyone to work. Just pay taxes.

 

[CoolSidePillow]

By then all of the right wing loonies, conservatives, and religious people will have started their own cult and do a suicide pact so that they can achieve nirvana and be whisked away to the mother ship.

 

[CoolSidePillow]

oh and marriage will be made illegal and children will be raised on work farms until they are 30 when they will finally be ready to join society.

 

[DrewBlows]

2020 will be the tenth straight profitable year for airlines. The turning point was when the majors integrated all regional airlines and doubled pilot pay with a one time good will retro-bonus. The happy pilots made flying so enjoyable for the public that people started paying more than the advertised price. Discount websites went out of business, people started dressing formally to fly and hot meals will be served on every flight.