RR Anderson, DIY Cultural Arts Specialist

Mar. 17, 2008 at 11:32am

World Ends Tomorrow and You May Die (part 2)

Getting Pumped for James Howard Kunstler coming to T-Town

Getting Pumped for  James Howard Kunstler coming to T-Town

for the JHK fans, from his latest blog entry:

"Over the weekend, the Federal Reserve engineered a $30-billion dollar Saint Paddy's day present for the JP Morgan bank by handing them the corpse of Bear Stearns. The object of the game is to prevent the "assets" of Bear Stearns from going to the auction block, on which they would be discovered to be nearly worthless, which would instantly render all similar assets held by the other big banks to be similarly worthless, and would result in a universal margin call that would pretty much unwind the hallucinated "wealth" acquired the past ten years."

read more of A Real Freak Out

More on the April Guest Speaking Engagement in Tacoma

I wonder how much Russel Investment Group would be worth on an auction block...


Survival Advice...   

join up with the church of the subgenius!

comments [8]  |  posted under citylife, design, people, society, tacoma, urban planning

Comments

by Erik on 3/17/2008 @ 12:24pm
Another bailout.

It's hard to believe the fed allowed so many sub prime loans to be made such as "interest only" or on "stated income."

by NineInchNachos on 3/17/2008 @ 12:40pm
Erik, do Russel hedge funds have anything to do with mortgage/loans? Anybody know?

by AP on 3/17/2008 @ 2:25pm
I blame W.

by NineInchNachos on 3/17/2008 @ 3:06pm
W, though arguably the worst American president of all time is not to blame.. this goes deeper.


by Erik on 3/17/2008 @ 3:50pm
Today, TNT reporter Scott Fontaine weighs in on the Kunstler Peak Oil issue. I am sure glad the "cross base highway" plan failed.

MORE THAN $3.50 A GALLON IN SOUTH SOUND

It’s shoe leather, car pools as gas prices keep rising


SCOTT FONTAINE;

March 17th, 2008 04:38 AM

The price steadily increased every time Dennis Schulte filled up his gas-guzzling full-size van. Two weeks ago, the Parkland resident got proactive.

Schulte, an auto mechanic and longtime recreational biker, bought a Honda 1100. He estimates he quintupled gas efficiency – from his van’s 8 miles per gallon to the motorcycle’s 40.

“I bought the bike exactly because of the high gas prices,” he said. “I needed to do something.”

With gas prices reaching a record high – the Tacoma average is $3.52 for a gallon of regular and more than $4 for a gallon of diesel, according to AAA – many South Sound residents are scrambling to cope. For some, it means trading in that Ford F-350 for a hybrid. Others are car-pooling or taking public transportation.


www.thenewstribune.com/292/story/311048....

by NineInchNachos on 3/17/2008 @ 4:25pm
it's really to bad Tacoma got rid of her streetcar system so many years ago.

by Erik on 3/17/2008 @ 4:36pm
it's really to bad Tacoma got rid of her streetcar system so many years ago.

Yes, and we are left with little choice but to salvage, restore, rebuild and re-populate out fair city.

by AP on 3/17/2008 @ 5:16pm
I was kidding. But I still blame W.

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RR Anderson is one of the most curious characters in the UFO lore and the history of underground cartooning. He fought bizarre underground beings in the caves of Alaska, was wounded by a laser before it was invented, and had a background with the clandestine branch of the Tacoma Cartoonists Society.


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