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Old 9th Mar 2020, 01:54
  #272 (permalink)  
Paragraph377
 
Join Date: Oct 2013
Location: New Zealand
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The pot of money is empty....has been for a long time

Originally Posted by B772
The HNA group are a basket case with debt USD117B and currently losing USD14M per week. Assets are being sold at fire sale prices. One could presume HNA would accept any offer for their VA holding.
Spot on. Numerous airlines have seen this group as some sort of corporate airline saviour when the proverbial **** hits the fan. NOT SO. They have been trimming the crap for some time now, with not much of an effect. VHA is not a desirable asset in any way, shape or form. What most people don’t see is that the 2008 GFC was just a precursor for a bigger event. In 2008 banks, financial institutions and corporations went bust. The big one is when full blown Countries go bust. We’ve already seen Spain, Italy, Greece. Then you have Ecuador, Jamaica, Belize and Argentina who have defaulted twice in the past two decades. China is collapsing along with the UK and the USA. YOU CAN’T PRINT YOUR WAY OUT OF DEBT FOREVER. With China, India and Russia buying oil in their own currency and using gold as well, you have a recipe for disaster for the US dollar remaining as the oil currency for much longer. The world financial system is screaming a message loud and clear , a message that most people just don’t want to hear. Anybody who has not be buckling in for a rough ride since 2008 is going to endure a lot of pain when the entire Ponzi scheme finally comes crashing down. An airline like VA being managed by half baked morons are no match for the approaching storm. It’s not if, it’s when. And friends, VA are struggling already and the storm is still on distant finals!







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