"Spec-Ops."  A very elite term, applied to the best of the best in our military, the various Special Operations commands such as the Army Rangers, Green Berets, MARSOC, Delta Force, and of course, the Navy SEALs. 

TTPer USN Capt. (ret) Larry Bailey was not only a SEAL, he was the guy in charge of training them, the Commandant of the Naval Special Warfare Center at Coronado, California.  He's as disgusted at what Zero is doing to our country as we all are - and Larry has decided to take action.

Larry is uniting veterans of all US military Spec-Op commands to oppose Zero's anti-American/anti-military policies in an organization called Special Operations Speaks - or "SOS" - a joint task force dedicated to Zero's defeat in November.  All Spec-Ops folks are welcome - and their supporters....... 

Edd Forke is bugging me to disclose who Romney's VP pick is.  But as my friend John Fund says, those who know aren't talking and those who are talking don't know.  So here's the truth:  there is no VP pick.  There will be, sometime within the next two weeks, but Mitt hasn't made up his mind yet......

We're going to take a break here before getting into all the Washington craziness of the week, and get out into the world to discuss a term that's a real eye-opener:  Peak China.

Batumi, Georgia.  This city is one of the oldest on earth, as humans lived here at least as early as the 12th century B.C. Now, it is rapidly becoming one of the most modern cities on the planet. Its setting at the eastern end of the Black Sea coast is spectacular, with orange groves and snow-covered mountains rising literally within walking distance of the beaches.

While most of the high-income countries are in the process of squandering the wealth they once created, there are places on the globe that are making great progress merely by doing the right things. One of these places is the small, relatively poor country of Georgia.

Ironically, Georgia, through its success, is a reminder to the United States that reversing regulatory excess and state intervention pays dividends.

What a fun week.  So much fun it's hard to know where to begin?  Should we start with Boris?

That would be London's clown mayor, Boris Johnson, who blasted Mitt Romney for saying to the British press all the threatened union strikes (UK Border Police, security guards, London cabbies, etc.) during the Olympics were "disconcerting."

That was last week (7/26).  This week (8/01), Boris became an Olympic joke with his Zip Line Fail.  Everyone in the UK is laughing at "The Dangling Mayor" now, not our next president...

The fun will continue, but first this truly important announcement.  Thanks to TTP's Miko de Great, the dates and venue for the TTP Victory Rendezvous have been set:  Friday November 9--Sunday November 11, Key Bridge Marriott, Washington DC. 

We'll have details and costs soon, but make your plans to be with your fellow TTPers to celebrate the weekend after Zero and the Dems go down in flames on Nov. 6^th. ..

Back to joke politicians.  Boris is a buffoon, always has been.  Harry Reid has always been a twerp, but this week he became a symptom of Dem derangement.  Harry's losing it, as in going wacko, suffering a nervous breakdown, something haywire in his brain circuitry...

Despite the encouraging U.S. jobs-report data last week, the fiscal situation in the United States and most of the rest of the world continues to deteriorate.

The European Central Bank said the eurozone's economy is likely to contract this year. Greece finally formally defaulted last week. The situation continues to get worse, and many observers think Greece will need another bailout within a year. The next time, the world's taxpayers, rather than private banks, will be holding the bag. The situation in Portugal also is getting worse at an accelerating rate.

It's not just the US and Europe that are having problems. Last week, the Chinese reduced their expected growth rate from 8.2 percent to 7.5 percent for 2012. There has been growing political deadlock in India, stopping many reforms, which will negatively impact economic growth. There are indications that Brazil also may be facing an economic slowdown.

A tipping point for the entire global economy may be on the near horizon.