Kingfish

Catch & Release in Oxford: Walker Fielder's Killer Goes Free kingfish1935.blogspot.com/2026/05/catch-…

@spencerpratt Why didn't you videotape yourself so you could have your own version? Honest question. Then you could release it.

CBS got the call after fact-checking Karen Bass, so they tried to turn a 1 hour interview with me into a 5 minute hit piece. They need to air the full, unedited interview.

Jackson Jambalaya: Fence surrounding Parham Bridges Park erected kingfish1935.blogspot.com/2026/05/parham…

I think, at a minimum, the House should expand to 1000 members in 2030, but it'd be better to have way more than that.

The Strait of Hormuz Reverse Uno Card When Raji Khabbaz and I were running Silver Arrow Investment Management, whenever we were trying to figure out why something happened, he was unsatisfied the explanation that people are sometimes stupid and institutions are often stupid. He correctly thought that people usually have a good reason (at least to them) for doing something even if it appears to make little sense to an outsider. More importantly, he thought that “sometimes people are stupid” was a lazy answer that was dismissive. As investors, it was our goal to understand what was happening, not to ignore it. Recently, I’ve written that many of President Trump’s critics are making the same error. When Iran closed the Strait of Hormuz, the narrow waterway that previously transported 20% of the world’s oil supply, the price of oil rose. Gas prices in the US have risen in response. Many screamed that this was an obvious move by the Iranian regime and insisted President Trump should have known it was something they’d do. How could he not know?! In 2002, the US Navy conducted war games they called the Millennium Challenge. One side represented Iran. The other represented the technologically superior US Navy and included an aircraft carrier, warships, and cruisers. The US Navy side had a substantial advantage in firepower. Retired Marine Corps Lieutenant General Paul K. Van Riper used asymmetric warfare tactics to wipe out the US side in one day. Had this been a real fight, the US would have lost 20,000 servicemen. The result was such an embarrassment that the Navy re-floated the sunk ships, changed the rules of engagement to ensure a US victory, and started the challenge again. These games were not a secret. They have been widely covered in the mainstream media and have been the subject of a New York Times documentary. Over the past two decades, I have seen the Millennium Challenge discussed in my daily financial news reading at least a dozen times. The event has its own Wikipedia page. Regardless of your opinion of President Trump, do you really believe that neither he, nor anyone in the White House, nor any of his military advisors, nor Secretary of War, Hegseth knew about this? I realize that many of you reading this have strong negative emotions regarding President Trump. I’m not asking you to like or respect him. I’m just suggesting that “he’s stupid and has no idea what he’s doing” is not good analysis. This is a point I’ve made in this space in the past. Early in the war, Iran closed the Strait which placed economic pressure on the rest of the world. Despite the fact that it was Iran mining the Strait and shooting at the ships that attempted to navigate it, many countries expressed anger at the US and Israel. This was the outcome Iran wanted. Then, the regime decided to allow friendly ships to pass if they paid a fee. The fees were about $1/barrel of oil, or about $2MM per large container vessel. (Many of these fees were paid in Bitcoin, something macro analyst, @peruvian_bull, explained in an excellent post within the past week.) This looked like worst-case scenario for the US. Iran succeeded in closing the Strait and causing economic problems all over the world, then found a way to profit from their own actions. Then, President Trump played his “reverse uno” card. He correctly realized that it wasn’t just the rest of the world that depended on free passage through the Strait of Hormuz, and that it was Iran that had the most exposure. Iran is a big oil producer, and oil exports account for 80% of Iran’s exports, 60% of government revenue, and 25% of its GDP. It turns out that Iran has more economic exposure to this narrow waterway than anyone else. President Trump sent the US Navy to form a blockade. He closed the Strait himself ensuring no more $2MM/vessel charges and an inability for Iran to export oil. Iran is close to filling its own storage. Once its oil tanks are full, the regime has two choices, either capitulate and come to an agreement with the US, or to stop producing from its own wells. The problem with the second choice is that it’s difficult to reverse. Stopping production on an active oil well tends to damage it and it’s hard to re-start later. Iran now has a limited amount of time to find a course of action before 25% of its GDP becomes permanently(ish) impaired. While no one in the US likes paying more for gas, prices were much higher just four years ago in 2022 and around $4/gallon in 2008, 2011, and 2012 when $4 had more purchasing power than it does now. The US is a net energy exporter with an economy that has survived higher prices in the past. Foreign ships are turning away from the Strait of Hormuz and sailing to Texas and other southern US ports to fill up at premium prices. I’m not suggesting that this is great for the US; but rather, that the US is well-suited to manage the situation while Iran is about to be faced with a massive long-term problem. Finally, Iran maintains control of the country using extensive human infrastructure. There are police everywhere monitoring protests, internet usage, the attire of citizens, and the hair of Iranian women. That level of control is expensive and the government just lost 60% of its revenue. I’m wondering how long they’ll keep doing their jobs without paychecks. I don’t know how this conflict will end. What I do know is that President Trump and the US Navy have turned Iran’s biggest strategic strength into a giant weakness. Sometimes people do stupid things. And sometimes, we just aren’t seeing the reasoning behind those actions. Last week, one of DKI’s interns wrote, ”The bottom line is that (financial analysis) can tell you what the market’s pricing in, but it’s your job to figure out why”. Right now, the mullahs are facing a difficult decision. It will be interesting to see what comes next.

Jackson Jambalaya: Data Center Project Turns into a Power Struggle. Are Entergy and Mississippi Power trying to stifle data center innovation in Mississippi? kingfish1935.blogspot.com/2026/04/this-t…

U.S. Air Force Secretary says the A-10 “Warthog” will remain in service through 2030 after consultations with the Pentagon, preserving combat power while aircraft production ramps up.

Women living under Hamas rule in Gaza describe to the Mail how they are sexually abused by the terror group's fighters and forced to have sex in return for food aid trib.al/9I3Ofon

The Muslim Nazis occupying Iran are now setting up in parks. See the machine gun? They aren't there to fight the USA or Israel. They are there to murder Iranians who try to rise up and overthrow this brutal Islamic dictatorship.

@Osint613 So says the scumbag who defends Idi Amin

Zohran Mamdani: To be told a city-run grocery store is implausible, but $500 million/day to kill people in Iran & Lebanon is necessary, speaks to a broken politics.

U.S. Apache gunships spotted over the Strait of Hormuz.

More CENTCOM images of AH-64s over the Hormuz

IRGC completely ignores Iranian FM Araghchi. IRGC is in control, not suits

Iran’s internet blackout entered its 50th day on Saturday, with the country cut off from the global internet for seven weeks, NetBlocks said. “Metrics show the measure, unprecedented for a connected society, continues to the detriment of most Iranians' livelihoods and human rights,” the internet monitoring group said. NetBlocks said the disruption had lasted more than 1,176 hours and continued to affect Iranians’ ability to communicate. iranintl.com/en/202604185647

A tanker was approached and fired upon by two IRGC gunboats about 20 nautical miles northeast of Oman, the UK Maritime Trade Operations (UKMTO) said on Saturday. The vessel’s captain reported the incident, adding that the tanker and its crew were safe.

Video taken by Emily Ann of a tornado on the ground in Marion, Minnesota.

@DrEliDavid It's business, nothing personal

Meloni is the most pathetic world leader right now. Nobody had any expectations from Macron or Starmer, but she lied to her voters and is doing the exact opposite of what she promised.

It's crazy how Sudan, a country most of us know nothing about, sits on vast resources and should be a wealthy place. Instead, mismanagement and corruption and third worldism keeps it in a permanent state of ruin. How does gold even "disappear"?

By some time next year, the Metro Jackson Water Authority could take over the capital city’s system under a bill Gov. Tate Reeves signed into law.... northsidesun.com/governor-tate-…

It is absolute madness in Iran. The ceasefire has made the surviving regime rabid and intoxicated. These parades reportedly happen all the time, including nighttime where they will scream islamic chants and intimidate normal Iranians trying to sleep. If anyone complains, or even speaks to other people, the regime will arbitrarily arrest them on invented charges. Do not abandon Iran, President Trump. Do not forget your initial promise was to help the people, not impose a nuclear deal.