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00:00 - Strategic Overview
02:38 - Iran Situation
06:08 - Oil and Money
09:18 - Iran's Strategy
15:01 - The Enemy Gets a Vote
16:47 - Closing Thoughts
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Hello again and welcome back to the Underground. This is the until updated for March 1st through
the 7th of 2026. Just when we thought it couldn't possibly get any crazier in the world,
it got crazier, and this week the obvious focus has been on the war in the Middle East.
Right up front, it must be noted that other things have happened this week. Crazy times
still persist within the American homeland, which should obviously be the primary focus.
This week, however, my main focus has been on the Gulf War because this is a
generational event that I thought would be worth dedicating a couple of weeks too.
For those who are more concerned about the events in the homeland I understand,
I get it, I have not lost sight of the domestic problems that we face.
So before we get into the Middle East, I wanted to briefly mention the fact that
there are things happening within the United States that are explicitly not getting any press
because all eyes are on the Middle East, such as the Epstein files being slowly taken offline.
After the DOJ began posting the millions of pages of documents, many of those documents
have been deleted from their website without any comment or explanation.
Comparing the missing documents with the site rips that many people
conducted when the files were first published, the DOJ has deleted roughly 47,000 files so far.
Don't know why, there's been no explanation, but they are slowly whittling down the list to
remove the most inflammatory documents that implicate very powerful people.
So that is something to be aware of, and I wanted to make that note just for posterity's sake,
so that when we look back on this in a few years, we can say that yes, we knew that the war
was being taken advantage of to hide things. Similar story on issues like immigration,
fraud investigations in Minnesota, illegal immigrant truck drivers killing people,
Chinese bio-labs creating potential chemical and biological weapons, rampant and brutal crime,
to include a possible serial killer being caught this week in Utah, and all of the other domestic
issues that were paramount before the war. We're even expanding counter-narcotics operations in
Ecuador. We actually conducted a drone strike in Ecuador the other day, but that's been
deprioritized by events in the Middle East. There are also two American pilots that are rotting
in a West African prison because they got dealt a bad situation, and the US State Department has
basically abandoned them now that the news stories are not talking about them anymore. I haven't
forgotten about this case, and they're going to stay on my slides until we get them home.
At the moment, we're starting to transition into do you get a yellow ribbon magnet for your car
phase of the war, and everything that happens in the US will be competing for attention from the media
for at least a few years if the war drags on that long. As we settle in for the long haul,
I will begin to shift focus back to a mostly domestic homeland centric perspective,
but this week I did a lot of work to map out and manage the war, and has been a little
overwhelming to be honest, but we're here now, so I guess we have to make the best of it.
As of this morning, the United States is entering into the eighth day of this conflict,
and the grand question is, how goes the war? On the ground, the first week of the war has mostly
been a direct repeat of the Shakenaw campaign of 2003, which sought to neutralize and destabilize
the Iraqi regime with overwhelming firepower from the air. This time around, the United States has
conducted the same exact campaign in Iran, though with much more substantial munitions.
The other day, General Dan Cain, the Chairman of the Joint Chiefs of Staff, stated that so far,
the United States has dropped twice the number of bombs in Iran, as were used during the Shakenaw
phase of Operation Iraqi Freedom. That is a pretty big observation that has gone largely
unnoticed, so I did want to mention that that is exactly what they said. In terms of what this
has translated to on the ground, it's anyone's guess. The large-scale bombing of a heavily
mountainous country, where a good quantity of military combat power lies underground, it's hard
to assess. We can certainly look at the satellite imagery as it rolls in to see that the U.S.
has in fact struck a lot of bunkers and blown up a lot of stuff. This was the assumption from
the very start, going back 40 years. It has always been assumed that the conventional armed forces
of Iran would be neutralized or heavily degraded within the first few days of a conflict.
The United States has done as expected, and dutyfully cratered most of the runways in the country with
every single military installation that I've found being hit at least once, so most of their
conventional military is pretty much offline. The $64,000 question is how much has the United
States degraded the ability for the Iranians to launch a Shahedron from the back of a pickup truck?
That I do not know, and I speculate, probably not that much. Right now, the biggest threat that
the Iranians posed to the region are drones and ballistic missiles. Their air force is not a
factor, their navy is not a factor, whatever ground army that they have is not really a factor either.
It's the drones and ballistic missiles that we're going to be talking about for the next few
weeks and months. How big is this threat? Well, no one really knows in the open source world,
and I suspect that the Pentagon probably doesn't quite know themselves with 100% certainty.
And it is these drones, which have been the most effective targeting measure by far.
Satellite imagery indicates that shortly after the war began, the Iranians were able to hit several
American radar installations around the region to include the radar arrays of three possibly
four THAD batteries. Several other more strategic radar sites and communication centers were also
hit, and the American bases in Bahrain and Kuwait have been hit pretty hard over the past few days.
As of this morning, Iranian President Masoud Pajishkin, who is still alive for the moment,
has stated that Iran will cease targeting of nations throughout the Middle East,
which are not involved in this conflict. He stated specifically that comms had been degraded
during initial phases of the war, and that local commanders were acting with autonomy to launch
at whatever military target was within range. His statements have implied that commanding control
capabilities have recovered somewhat over the past few days, and that the Iranians will be more
deliberate with their targeting efforts. But again, this is a really loaded statement, and the
Iranians saying these things don't mean too much, because nearly every Gulf state is allowing
American hardware to be stationed on their terrain. So the Iranians say, hey, we're not going to
shoot at you unless you allow the American's to shoot at us, and it turns out the entire Gulf
region allows the American's to shoot at the Iranians, so essentially this is not really that much
of a change from what's going on right now. This was confirmed about 30 minutes after this statement
was released as Asia head 136 slammed into the Dubai airport. So we'll have to see how that works
out if the Iranians are starting to get more C2 or commanding control capabilities back, they
may start to organize a little bit more, but right now things haven't really changed that much
despite the rhetoric on all sides. Throughout the region, the biggest way that this war can affect
the homeland United States is on the economic front. The assertive formuse is effectively closed,
because every company is too scared to run the gauntlet, which is a rather ironic development.
Now that phrase, the straight is closed is a bit of a biased statement, because it's really all about
power and control. From a more military perspective, when we say the straight is closed, we usually
mean that it's mind, or something like that, which has not happened. This has been the Iranian
policy for a long time, and generally speaking, when we go back about 10 to 15 years, when a lot of
this doctrine was being written in the US military at least, if we were to say, ah, the straight is closed,
this would mean that the Iranians have made the decision to mine the straight and actually physically
using, you know, military hardware, make sure that no one can pass through the straight. However,
all of these surface vessels that would enforce the straight being closed have been sunk. Most of
them were sunk pier side, so that's not really a concern anymore. What is a concern are the
missile and drone attacks, which is what makes this so ironic. For decades, the fear has always
been that the Iranians would mine the straight and close it off to the world, but now the straight
is effectively closed, not because of a direct naval threat, but because of insurance policies.
The insurance companies are not willing to insure ships because they know that they might get
struck going through the straight, so they're just not willing to accept that risk. Money and
warfare often go hand in hand and the Iranians have proven that you don't need a mine layer to
cause a lot of problems, particularly with the oil and gas industry, which has taken a huge hit
since the war began. Petroleum refineries, natural gas, liquefocation plants, and oil terminals at
major port facilities have all been targeted by Iranian forces since the war began, which has
prompted several Gulf states to halt or reduce production, even in places where they haven't had
any strikes. Kuwait, for instance, is drawing down production not because their refineries have been
hit, but because ships can't carry the oil out of the Persian Gulf, and they are running out of
storage supplies. So they have to shut down or reduce production, even though their refineries
are perfectly fine. So tactically on the ground, the situation is quite debatable. Many people will
argue about what certain losses mean for the Iranians, what certain losses mean for the Americans,
so on and so forth. But by and large, as with any nation state that is built around a strong and
surging style national defense strategy, it is challenging to describe the effects of a conflict
against the modern military like the United States. Obviously, the United States can and very
easily did sink the majority of the Iranian surface fleet within the first couple of days of
the conflict. This is without question and is a great victory on the part of the United States.
However, the real challenges lie with what targeting efforts the Iranians are still able to
maintain, and eight days after this war began, the drones keep flying. It is extremely impressive
that the US Air Force and the US Navy were able to sink the majority of the Iranian Navy almost
immediately, but this does not mean that it's also impressive for the Iranians to spend roughly
$30,000 on a Shahedron that they built themselves, taking our radar arrays that cost billions.
This is modern war and the Gulf states and the American bases within them are nowhere near
ready for the realities of modern, budget-friendly drone warfare. Strategically speaking,
Iran does not have to win any direct fight against the US military, which they certainly will not do.
It just has to survive long enough to make the entire affair so costly to the United States
that the US ends up fighting a real challenge. The war lasted approximately 15 minutes before
the Iranians settled on this plan, because this has been the plan for them for about half a century.
Iran is what it looks like when a nation state builds their entire defense strategy around an
insurgent style of warfare. Roadside bombs now fly through the air at 100 miles per hour and can
be launched from the back of any pickup truck in the country. Instead of an insurgency of a few
thousand hardcore fighters hiding in the hills from the Americans in their own country,
Iran has a population of 90 million people and they still control the ground. This is most important
now that billion dollar radar arrays are probably out of action and it only takes one drone
attack to cause problems, which not only makes this fight particularly complicated, but it also
means that every day it drags on, the targeting will get harder. As with al-Qaeda, the Taliban,
and now the Persians, the stupid ones were killed on the first day. From here on out, it will be a
great challenge to meet the success of that first strike on day one. Whoever survives will be a much
more substantial threat and the United States will find that the grand gamble of destroying and
killing everything that could be a threat within the country might be a harder challenge than
first realized. On the messaging front, there is a very sharp disparity of what's being
discussed and disclosed by American officials and the situation on the ground. The Department of
War has been on a media blitz to show the results of the extreme combat power that has been used
throughout this operation. However, what has been ignored is the fact that the Iranians have
gotten their licks in too. Again, no one on earth would ever suggest that the Iranian navy would
stand a chance against the U.S. Navy. Likewise, the U.S. has dropped a lot of bombs on a lot of
military targets throughout the nation. However, the Iranian Navy and Air Force were never really the
biggest concerns in this war. It's not the toppling of a Middle Eastern nation that's the hard part.
The challenge is getting out afterwards. Yesterday afternoon, Secretary of War Hegseth held a
press conference to discuss the great victories achieved so far during this war. During his remarks,
he stated that within a few days, the United States will achieve total air superiority in the
skies over Iran, and the airspace will be completely uncontested. While it is true that the Iranian
Air Force is absolutely no match for the United States, this statement tacitly admits that the U.S.
does not already operate with uncontested airspace throughout much of the country. Now, of course,
air defense is a layered approach. My guess is that they do control most of the airspace because
probably every S-300 within the country has been struck so far. But there are also probably more
low altitudes, short-add or short-range air defense systems that are probably going to cause
problems or at least present some level of risk. This is why you can see pictures or videos of
MQ-9 reapers flying, you know, low and slow of Iranian cities. Well, that's because that
place has been dealt with so far, but there are probably other pockets of air defenses that have
not been taken offline just yet. So the Iranians are still fighting, and they are definitely transitioning
into a long-haul fight. Recognizing the facts of the war does not take away from the success of
the United States, but these observations must be noted for posterity, because even if we stop
the war and go home right now, the history books will look back to this day right now and wonder if
we knew about the indicators that we were observing today. No one knows what the future will bring,
but in a few years hindsight may ponder whether or not we could look at the events of the day
in the present right now and know what was about to happen. We can all look back at the news broadcast
and press conferences from 2003, where everybody said this war will be over in a couple of days,
a couple of weeks, so tops, right? And we obviously know how that turned out. I'm concerned that
right now, as we're living through this present moment, we may actually be stacking up for the
same thing happening all over again. In the information space, propaganda is flying all around,
as all sides seek to sway the world into thinking that they are winning. The conventional side of
the Iranian military has almost zero ability to challenge the US in an open fight, but a large part
of the Iranian military is centered squarely in the realm of insurgency. They have entire military
service branches dedicated to this style of warfare. When we fought the Taliban in Afghanistan and
Al-Qaeda splinter groups in Iraq, those organizations had to get going from nothing, and since we had
boots on the ground in both countries, they couldn't really operate out in the open. Iran is
three times larger than Iraq and has a population that's about a third the size of the United States,
and they have an entire government ecosystem that supports them. Despite killing most people
with authority in the country over the past few days, the Iranian regime is still there,
such that it is. And all of the messaging over the past few months was intended to get us to believe
that the nation would collapse on day two after taking out the Ayatollah. Well, as of today,
this has not happened, and it's absolutely certain to not happen in the way that the United
States has been portraying. The classic line of lay down your arms signals that the upper echelons
of the U.S. government don't really have coherent messaging. Like what are the Iranians supposed
to do? Are they supposed to just drop their AK in the dirt and like hold their hands up to a drone?
It makes no sense. Within Tehran itself, there are basically no indications that any demographic
is looking to overthrow the government right now. Now, I ask me again in six weeks, and I may say,
yeah, well, things may change, but right now we're eight days into this, and those protesters from
a few weeks ago have basically evaporated for now, at least while the bombs are being dropped.
I don't think the locals are actually interested in changing their system of governance as much
as we might think they would be, and bombing them so heavily, especially in their capital city,
where a lot of cultural sites have been hit, has probably pushed anybody on the fence squarely
to the side of not early sighting with the Americans. Right now, from the Iranian perspective,
their goal is simply to survive. Specifically, they have to survive the bombings that are intended
to turn Tehran into Gaza, but their system of governance has to survive as well. From the
Iranian perspective, the longer this war goes on, the better it is for them. It would be in their
best interest to force the United States to conduct a ground invasion. That would be the absolute
best course of action for the Iranians, and the worst possible course of action for the United States.
And so far, I don't see any indication that the U.S. is not going to put boots on ground at
some point. I think that unless something major changes, which could always happen,
I think the United States is going to have to put boots on ground, specifically a beach head,
and probably a few fobs along the street of Hormuz. Now with assessments like this,
we want to maintain balance, right? There will be people who say, oh, the sky is falling,
it's the end of the world, and there will also be people on the other side that say,
how this war doesn't really matter, right? And we're winning every second of the day,
we just can't stop winning, we've got too much winning going on. Well, neither narrative is true,
right? The world's a more complicated place than that, and it's going to take a lot of discernment
to determine how things are really truthfully going, and where this conflict might lead.
By far, the most important thing to remember moving forward, the most important thing that I
wish everyone involved in this war would understand, is that despite all of the gun host statements
from the Pentagon, despite all of the victories, the enemy gets a vote. Kubris and overconfidence in
one's own abilities has led to nearly every military misfortune throughout history, and right now,
the entire decision making apparatus within the upper echelons of the U.S. government
are getting high on their own supply, and I'm not really getting a super great feeling for where
this is headed. So with all of that on the table, I'll wrap things up with a little bit of a
cliffhanger today so that I can get back to plotting more points and trying to catch up with what's
been going on throughout the homeland. I really do hope it isn't the case, but I think we're settling
in for the long haul with this one, and there are many other things that are going to take
precedent over this over the next few weeks, which I would like to focus on a little bit more, so.
I was already pretty tapped out before this war kicked off, and now my other projects have been
set back a couple of weeks at least, but that's okay. We'll get back on track soon. I'll get back to
the normal slides this week. Now that we've gotten the bulk of the war out of the way, hopefully,
we'll have some time to reassess and get back to normal, hopefully. So thank you for all of your
support. Thank you for bearing with me as I try to organize the flow of information a little bit
better. Sorry, it's been a little bit disjointed lately. It's a lot to handle. It's like tracking
GWad all over again the first few weeks of it at least, so hopefully by the end of next week
we'll be back to normal as best we can be, but in the meantime, thank you for all of your support.
I really could not do all this stuff without you, so I really do appreciate you all for that,
and I'll see you next time. And as always, fight in the shade.
