Forgive my prejudice, but I have a special fondness for the Land of Oz - that continent down under populated by the cheeriest, heartiest people on the planet who insist on calling their country Oz-trial-yuh.

Here in the US, even though we’re freaking out over our elections a little over three weeks from now, we should take a moment to root for our Ozzie friends who themselves are having an election as I am writing this.

It was US Senator Daniel Patrick Moynihan who once said: "You are entitled to your opinions, but not to your own facts." In the debate over shale gas - I refuse to call it the fracking debate since fracking has been happening in Britain for 50 years - the opponents do seem to be astonishingly cavalier with the facts.

Here are five things they keep saying which are just not true:

First, that shale gas production has polluted aquifers in the United States.
Second, that it releases more methane than other forms of gas production.
Third, that it uses a worryingly large amount of water.
Fourth, that it uses hundreds of toxic chemicals.
Fifth, that it causes damaging earthquakes.

Here are the facts for each:

In The Brexit and Texit this week, we learned an important word: hysteresis.  Originally a concept in physics to quantify the effects of lag time, it's now used in economics:  "If people are out of work for long enough, the damage to skills and human capital becomes a permanent loss. The underlying growth potential of the economy is damaged for years."

Under Zero, hysteresis has become a political strategy.  Damage America's economy, national security, and moral culture long enough and consistently enough to become permanent.  Part of the strategy is convincing people that resistance to it is futile, even immoral.  Thus the number of his fellow travelers and useful idiots increases.

You could not get a clearer example than, on Tuesday (1/29), 94 out of 100 Senators voted to confirm a treasonous, characterless scumbag as Secretary of State.  There are now only 3 Senators with any self-respect or decency:  John Cornyn (TX), Ted Cruz (TX), and Jim Inhofe (OK) who voted No (Kerry along with 2 others abstained).

And it could get worse. Yet for all of this, there were a number of bright spots this week.  Here we go.

Economic freedom in the US is dropping fast.

The annual Economic Freedom of the World report, including an index of country rankings, has just been released, and it should be a wake-up call. The United States was known as the bastion of economic freedom for more than two centuries, and it was because of its economic freedom that the nation became the pre-eminent economic power.

 However, in just a few short years, the U.S. has fallen from No. 3 in 2000 (behind the city-states of Hong Kong and Singapore) to No. 8 in 2005 and to No. 18 in 2010, the last year for which complete statistics are available. Worse yet, the U.S. decline continues, and in next year's ranking, it is almost certain to be lower.

A few facts will help illustrate why economic freedom is so important.

One single statement from one single person would put an end to the threat of a Kerry Presidency.

The question has now become whether a Kerry “victory” at the polls would be more destructive of American democracy than Islamic terrorism. The answer is that it would be greater. Terrorists can destroy physical targets, while a Democrat electoral fraud would destroy basic democratic systems that are the foundation of governmental legitimacy. Such destruction could very well ignite a civil war.

The evidence that Democrats are relying on thugs and cheats to fraudulently “win” the presidential election is massive and mounting daily. Bush-Cheney offices are being vandalized across the country, voter registration fraud is overwhelming registrars in a dozen or more states, tens of thousands of lawyers plan to intimidate precinct workers and launch a tidal wave of lawsuits.

One person can put a stop to this. One single statement by this one single person. A person put on a pedestal by John Kerry. The statement is this:

You thought Atlas Shrugged was fiction?

Look at this description of Detroit from the London Guardian:

What isn't dumped is stolen. Factories and homes have largely been stripped of anything of value, so thieves now target cars' catalytic converters. Illiteracy runs at around 47%; half the adults in some areas are unemployed. In many neighborhoods, the only sign of activity is a slow trudge to the liquor store.

Central banks are being pressured by their political masters to solve a problem they cannot solve.

On Wednesday (9/12), a German court ruled that the European Central Bank can buy a seemingly unlimited amount of debt from the national banks of the countries in the eurozone without violating German law. By week's end, the U.S. Federal Reserve likely will decide if it is going to engage in another round of massive debt buying.

These are political decisions, irrational and destructive on any sound financial or economic basis.  Yet the bankers have been given no choice.