A caution from a boosterI have been a booster of Flyht but I do have a major concern that is not related to developments at the company per se. Rather , it has to do with the timelines of progress at Flyht against the realities in the broader economy.
Around the world horribly misguided government and central bank policies have resulted in a very skewed and artificial economy that is anything but a product of wholesome natural organic growth and one that is full of serious distortions and imbalances. There are cause and effect relationships in economics just as in physics or chemistry and most government leaders are as dumb as fence posts when it comes to understanding these relationships and it appears that central bank officials are even dumber than fence posts.
Schooled in neo-keynesen doctrine and trying to understand the economy through artificial complex mathematical equations that have nothing to do with how a real organic economy works these bankers have printed trillions of dollars since the 2008 crisis that they created. With this money they bought government bonds in amounts that could not have been otherwise absorbed and in the process also saved these governments from crushing debt service interest expenses by artificially severely suppressing interest rates. This was a direct theft from savers and pensioners who were robbed of billions a year they would have received from honest natural interest rates. In the process the central banks allowed the big banks in the US and Europe who were de facto bankrupt in 2008 to front-run the central bank bond purchases and then sell those bonds to the central banks at a tidy profit making hundreds of billions in profit and restoring their balance sheets.
Anyway, we have an artificial bubble economy full of distortions. There is a very real possibility that this will result in an implosion that makes 2008 look like a picnic. The recent volatility in the markets is giving hints. How long will the game keep going? A week? A month? A year? Five years? This is important for Flyht.
Airlines have very thin margins and are very vulnerable to a severe economic downturn. This has obvious implications for Flyht. Given the extended timelines that Flyht requires to let its story play out an economic downturn or crash would not be a friendly event and could derail everything.
Of course a crash in the near future is not absolutely inevitable. It could be that instead we will be in for a long period of stagnation or declining growth and declining living standards. But one way or another the economic distortions and artificialities will assert themselves and there is nothing governments or central bankers can do to negate this. In fact they are very likely to just make things worse. Timing of events is critical for Flyht. I do worry!