On July 26, The London Telegraph ran the absolutely positively most delicious story I have seen in many an al-ilah (the moon, worshipped by pre-Islamic Arabs, and contracted into allah by Mohammed).

You know that famous quote of Lenin’s epitomizing his contempt for capitalism? “When it comes time to hang the capitalists, they will fight among themselves to sell us the rope.” You wonder what Lenin would say to fellow Marxist Yasser Arafat.

It turns out that Palestinian businessmen with connections to Arafat and other officials in the “Palestinian Authority” are making millions of dollars selling cement to the Israeli Government to build the Security Wall. Is this too beautiful or what?

Coal, oil and natural gas are "fossil" fuels, right? They are derived from ancient life-forms and are nonrenewable, stored energy, extracted from prehistoric sunlight. In the case of coal and most oil, this is obviously true: You can find fossil tree trunks and leaves in coal seams and chemicals in oil that come from plankton.

But there's increasing doubt about whether all natural gas (which is 90% methane) comes from fermented fossil microbes. Some of it may be made by chemical processes deep within the earth. If so, the implications could be profound for the climate and energy debates.

It may be that we will never run out of natural gas.  There may be a literally inexhaustible supply of it.  Who needs "renewable" energy any more?

All devotees of Ayn Rand's Atlas Shrugged know how the book ends: the apocalypse of socialism, symbolized by the electricity failing in Manhattan and the great city plunged into darkness, permits John Galt to begin the resurrection of freedom and capitalism.

Thus it was a very eerie experience to see the lead headline on Drudge one week before America's most fateful election (10/30) NYC GOES DARK, with a picture of the post-Sandy New York skyline black.

Mitt Romney is no John Galt (who is?), but he'll do for now.  And who could have guessed that the October Surprise we all were scared of turned out to be an Act of God on Romney's side? 

Of course, our hearts and prayers go out to all those suffering from the destruction of Sandy.  Yet the Zero/Democrat Ineptocracy has made that suffering worse - people eating of dumpsters, looting, gun and fist fights - then added insult to injury by racing off to campaign in Wisconsin after a phony photo-op with the fatso governor of New Jersey.

Zero's uncaring incompetence is on glaring display for every voter in America, and is a final nail in his electoral coffin next Tuesday.  Make no mistake:  Hurricane Sandy is a disaster for Zero.

The indictment of Enron chairman Kenneth Lay gives the Democrats a “windfall” according to the San Francisco Chronicle:

The indictment of former Enron chief Ken Lay represents an election year windfall for Democrats -- who say the man President Bush nicknamed "Kenny Boy'' is a poster boy for corporate greed and malfeasance. Lay's indictment Wednesday (July 7) in connection with the energy giant's 2001 bankruptcy hands Sen. John Kerry and the Democrats the perfect person to link the president's re-election campaign to the high-living corporate miscreants who left their companies, workers and stockholders in financial ruin, politicians and analysts said.

Beijing.  China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.

The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as in past episodes, implying tougher times ahead.

In an interview with Charlene Chu, Fitch's senior director in Beijing, she explained to me:

"The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity problem, and potentially into a Japanese-style deflation. There is no transparency in the shadow banking system, and systemic risk is rising. We have no idea who the borrowers are, who the lenders are, and what the quality of assets is, and this undermines signaling." 

"There is no way they can grow out of their asset problems as they did in the past," she continued. "We think this will be very different from the banking crisis in the late 1990s. With credit at 200% of GDP, the numerator is growing twice as fast as the denominator. You can't grow out of that." 

We may be seeing the arrival of a "Minsky Moment" for China, when the debt pyramid collapses under its own weight.

Red Rocks Amphitheatre, October 23, 2012.  Remember the place and date, for history may record them as where and when America's spiritual rebirth began.  What happened here is simply astounding. There is an eyewitness account of it that made me cry.  I'd like to ask you to take a moment to read Mitt Romney's Quiet Prayer Amidst the Sound of Thunder...

...From the sublime to the absurdly disgusting.  Zero's latest official campaign ad, released yesterday (10/25), is a TV Bimbo comparing a girl's losing her virginity to voting for Zero.  Brietbart's Ben Shapiro has the video + transcript and appropriate comment.  Zero is sinking into the depths of desperation.  You wonder how much further he'll sink over the next 11 days....

...So as he sinks and it looks better for Romney-Ryan by the day, let's move to where a number of TTPers want to go:  the Senate. 

Assume you are a skilled heart surgeon and your patient needs a new heart valve, but you were given a spoon rather than a scalpel to cut open a chest. Relying on the Federal Reserve and the European Central Bank (ECB) to cure the lack of job growth is going to be no more effective than giving a heart surgeon a spoon.

Central banks, such as the Fed and ECB, can cause major economic problems by printing too much or too little money. They do not cause fiscal problems - too much taxing and spending - nor can they cure them. Last week, Fed Chairman Ben S. Bernanke came close to acknowledging what many already know - that the Fed can do little at this point:

"To the fullest extent possible, federal tax and spending policies should increase incentives to work and save, encourage investments in workforce skills, stimulate private capital formation, promote research and development, and provide necessary public infrastructure," he said. ECB Chairman Mario Draghi has basically said the same thing to the political leaders of the eurozone countries.

The political class, to cover its own irresponsibility, is trying to dump the economic crisis on the central banks.

Everyone in America is holding his or her breath, sure that an Islamofascist terrorist attack will be perpetrated before the November election. Al Qaeda wants to pull off another Spain, it is thought. Blowing up the Madrid trains just before the Spanish election defeated the anti-terrorist Aznar government and put spineless Bambi Zapatero, in office.

Al Qaeda’s greatest goal right now is to prevent the re-election of George Bush. That is why the safest place in the US this month will be Boston. There is no way anything will be perpetrated to attack the Democrat Convention. New York during the Republican Convention is another matter.

But this is what is expected. Here is what worries me.