{"id":37248,"date":"2020-11-18T15:34:21","date_gmt":"2020-11-18T19:34:21","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=37248"},"modified":"2020-11-18T15:34:21","modified_gmt":"2020-11-18T19:34:21","slug":"is-this-globalist-nutcase-an-oracle-or-just-manifesting-the-self-fulling-nwo-prophecies","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=37248","title":{"rendered":"Is this globalist nutcase an oracle or just manifesting the self-fulling NWO prophecies?!"},"content":{"rendered":"<h1>Bill Gates Warns 50% Of Business Travel Will Never Come Back<\/h1>\n<p><!--more-->ZeroHedge.com<\/p>\n<p>Microsoft co-founder Bill Gates predicted Tuesday at the New York Times&#8217; Dealbook conference that coronavirus will fundamentally reshape business travel and the office experience forever.<\/p>\n<p>Gates told Dealbook editor and\u00a0<a href=\"https:\/\/www.cnbc.com\/2020\/11\/17\/coronavirus-bill-gates-says-more-than-50percent-of-business-travel-will-disappear-long-term.html\" target=\"_blank\" rel=\"noopener noreferrer\">CNBC<\/a>\u00a0host Andrew Ross Sorkin that &#8220;my prediction would be that over 50% of business travel and over 30% of days in the office will go away.&#8221;<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/index.html?dnt=false&amp;embedId=twitter-widget-0&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1328840591296237568&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fbill-gates-warns-50-business-travel-will-disappear&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=ed20a2b%3A1601588405575&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1328840591296237568\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<div class=\"ad__wrapper-element\"><\/div>\n<p>The billionaire philanthropist said there will be a decline in business trips now that remote working from home has become more feasible.<\/p>\n<blockquote><p>&#8220;We will go to the office somewhat, we&#8217;ll do some business travel, but dramatically less,&#8221; he said.<\/p><\/blockquote>\n<p>Gates&#8217; outlook on how corporate America travels is terrible news for the airline recovery. It also comes as a s<a href=\"https:\/\/www.zerohedge.com\/geopolitical\/us-sees-most-covid-deaths-spring-fda-approves-rapid-home-test-live-updates\">econd coronavirus wave<\/a>\u00a0ravages parts of Europe and the US.<\/p>\n<p>A new\u00a0<a href=\"https:\/\/www.moodys.com\/\">Moody&#8217;s<\/a>\u00a0report writes that a resurgence in virus cases and more restrictions and lockdowns in western countries will translate into lower passenger demand in the coming months, and well into 2021.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2020-11-18_10-56-43.png?itok=O0DJiYwb\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2020-11-18_10-56-43.png?itok=O0DJiYwb\" data-link-option=\"0\"><picture><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-56-43.png?itok=WdgNpdF_ 1x\" type=\"image\/png\" media=\"all and (min-width: 1280px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-56-43.png?itok=WdgNpdF_ 1x\" type=\"image\/png\" media=\"all and (min-width: 480px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-56-43.png?itok=WdgNpdF_ 1x, https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-56-43.png?itok=WdgNpdF_ 2x\" type=\"image\/png\" media=\"all and (min-width: 1024px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-56-43.png?itok=WdgNpdF_ 1x\" type=\"image\/png\" media=\"all and (min-width: 768px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2020-11-18_10-56-43.png?itok=O0DJiYwb 1x\" type=\"image\/png\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-11-18_10-56-43.png\" alt=\"\" width=\"500\" height=\"279\" data-entity-type=\"file\" data-entity-uuid=\"b713a2ba-a4ad-4bee-91e9-2f3236f726ff\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Moody&#8217;s projects 2021 revenue passenger kilometers will only reach about 40% of the 2019&#8217;s level of 8.7 trillion &#8211; a far cry from the &#8220;V-shaped&#8221; recovery global capital markets are currently pricing in because of several vaccine headlines in recent weeks.<\/p>\n<div class=\"ad__wrapper-element\"><\/div>\n<p>The report also mentioned that corporate travel would remain depressed through 2021. A recovery for corporate travel might not occur until late 2023.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2020-11-18_10-49-42.png?itok=mnFJQdyo\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2020-11-18_10-49-42.png?itok=mnFJQdyo\" data-link-option=\"0\"><picture><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-49-42.png?itok=hdKAujyv 1x\" type=\"image\/png\" media=\"all and (min-width: 1280px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-49-42.png?itok=hdKAujyv 1x\" type=\"image\/png\" media=\"all and (min-width: 480px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-49-42.png?itok=hdKAujyv 1x, https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-49-42.png?itok=hdKAujyv 2x\" type=\"image\/png\" media=\"all and (min-width: 1024px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-11-18_10-49-42.png?itok=hdKAujyv 1x\" type=\"image\/png\" media=\"all and (min-width: 768px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2020-11-18_10-49-42.png?itok=mnFJQdyo 1x\" type=\"image\/png\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-11-18_10-49-42.png\" alt=\"\" width=\"500\" height=\"219\" data-entity-type=\"file\" data-entity-uuid=\"75ddddd5-8a06-4cd3-89b8-d72c86b44fae\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>It almost seems that the virus pandemic has ushered in a new order in how the global economy functions. As hinted by Gates, business travel might never recover back to 2019 levels, and the days at the office are over for some as remote working dominates corporate America.<\/p>\n<p>To summarize, lagging corporate travel is bad news for airlines that will experience continued pressure on\u00a0operating margins and cash flows\u00a0&#8211;\u00a0likely an airline bust or some consolidation wave is ahead.\u00a0Not too long ago, we\u00a0<a href=\"https:\/\/www.zerohedge.com\/markets\/these-airlines-face-insolvency-risks-covid-second-wave-leads-more-turbance\" target=\"_blank\" rel=\"noopener noreferrer\">mentioned<\/a>\u00a0which airlines are most at risk of failing within 24 months.<\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.zerohedge.com\/markets\/bill-gates-warns-50-business-travel-will-disappear\">https:\/\/www.zerohedge.com\/markets\/bill-gates-warns-50-business-travel-will-disappear<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill Gates Warns 50% Of Business Travel Will Never Come Back<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37248","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/37248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37248"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/37248\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}