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Wednesday, January 26, 2011

We all know about subprime and how it destroyed couple of financial institutions. We also know about the deficit that US is in already. I am no economist but the beyond the question of doubt, we are heading into some form of economic changes that only the political leaders or even the Fed chief knows about that the layman do not.


Some interesting articles that will serve as food for thought:


http://www.economist.com/node/17730464?story_id=17730464


http://www.economist.com/node/17900268?story_id=17900268


http://www.businessinsider.com/how-hyperinflation-will-happen-in-america-2010-9


Hyperinflation as had happened in Zimbabwe and Brazil and Germany and many other countries around. In the extreme event when the world economy collapes, what then?


I know of some people who are already hoarding physical gold and silver. These had been used as currency in the past, and if things get bad, they may be the only thing recognised for trade. Some had even gotten to the extent of buying land in another country, where they could grow their own produce for subsistence living. And they even have 6mths supply of food stored at home in preparation for the coming unknown.


How far should we take this fear? How prepared do we want to be? Will it happen in our generation? Or will it happen in future generations? Whatever it is, being prepared may just be a precautionary measure for survival in bad times. Can be be overly prepared?


***
Today was a day of rain. I was just surprised that there were no news of flooding anywhere yet. Coach had prescribed 45km bike followed by 5km run and another 30km bike followed by 5km run. Due to the rain, I did not get to get onto the road at all. But instead of staying at home and doing nothing, I did 1hr trainer session followed by 5km run (in 24:24) and another hour of trainer thereafter. Had planned to run again but the heavy downpour just stopped me from doing the run again.


It was a good session despite being thwarted by the weather. It was tough to maintain the sets of heart rates during the trainer session. It would have been better if I had done the 2nd run. It was a good time to train my legs and get them use to running off the bike.


Lets hope the weather holds up tomorrow. Will be doing an easy 10km run in the Macritchie trail. And also looking forward to the 120km Desaru ride on Sunday. Hopefully legs will be fine after the scheduled 26km Macritchie run on Saturday morning.

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