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Madison Square Garden sure looks mighty heavy again.

Military Report Details Six UFOs Traveling At 480 MPH

Newly public military records are offering another look at unexplained objects encountered by U.S. forces, including a cluster reportedly moving through Middle Eastern airspace at extraordinary speed, according to the NY Post.

According to a CENTCOM account from 2025, military personnel tracked six round objects traveling together at about 480 mph. Their flight path was unusual enough to draw attention, with the objects repeatedly altering course. Military video from the encounter shows several small objects crossing the sky above an arid landscape.

The Post wrote:

A 2025 report from US Central Command (CENTCOM) details a sighting of “six small spherical objects, grouped together” and “frequently changing direction” at 480 mph. Accompanying the report was one minute of video footage showing the objects as they flew over what appeared to be a desert region.

Another video, from 2023, captured circular objects flying over the Yellow Sea that were spotted by an infrared sensor aboard a US military platform.

In a separate case that year, a Colorado police officer spent about 15 minutes recording a stationary, silent object displaying several different colored lights.

The Post writes that some of the material reaches much further back. In 1952, Navy warrant officer Delbert Newhouse filmed a formation of bright objects while traveling through Utah. The case eventually became part of Project Blue Book, the Air Force's long-running investigation into reports of unidentified objects in American skies.

Officials explored mundane explanations for the Utah footage, ranging from balloons to birds. One Air Force review ultimately attributed the objects to seagulls circling in rising air, although another examination found aspects of their brightness difficult to reconcile with ordinary birds.

The records are part of the government's continuing release of historical and more recent UAP material, providing additional documentation of sightings that military personnel and investigators have examined over decades.

Tyler Durden Sat, 09/19/2026 - 22:45

KJ was arrested last month after being accused of sexual assault in an alleged incident back in April.

KJ was arrested last month after being accused of sexual assault in an alleged incident back in April.

“There isn’t a clear federal law saying: ‘Don’t do this,’” Justin Brookman, Consumer Reports’ director, said.

"And although you live here, I want you to know as mayor, you are not welcome here," Dearborn mayor Abdullah Hammoud previously told a Christian pastor.

One attendee vowed to "probably get hammered."

Muniz took to Instagram earlier Saturday to share a tire safety update.

Muniz took to Instagram earlier Saturday to share a tire safety update.

'Princes Of The Dollar': Why QE Is Over

Authored by Kane McGukin via Bombthrower,

What the G20, Werner, and Warsh tell us about America's new monetary playbook

In every transition, there are road signs along the way. Matt Dines has been one of the more accurate minds of late on the monetary and geopolitical transition we are living through.

His and Camron Otsuka's commentary earlier this month on Mine Print Hash, post the G20 meeting in North Carolina, sheds a lot of light on major sticking points that will pave the way for both future policy and monetary frameworks. This will not happen overnight, but at the same time we'll likely look back and say, "man, the world changed fast."

A few highlights that matter:

1. The Financial Stability Board (FSB). Just as Great Depression meetings brought new entities for the next cycle, G20 meetings post-GFC brought the FSB for the same reason. New rules to pave the way for stability in a new economic era (2009 Pittsburgh summit). According to Dines FSB brings AI into the mix, plugging it into the Basel Accords, the last of which, Basel III, an update required because of the financial behaviors and shortcomings that caused the GFC.

As Dines points out, all we need now is a final agreement so all parties can play nice around the new rails, i.e. stablecoin/Bitcoin/SOFR rails. Global stablecoin arrangements will take final shape after the announcement of a Bretton Woods 2.0. Something I've discussed many times over, and something that feels nearer and nearer by the day. The most important point? Bessent has basically championed this from day one.

As Werner's model suggests (see point four), Bessent opposes the state picking winners directly, but supports guiding private capital toward strategic ends. Video referenced in Samson's post.

2. Bringing forward the private sector as a way to grow our way out of this. What's critical to understand here is that during the GFC, entities and individuals were overleveraged. To combat this, the central bank expanded its balance sheet to take on all the underwater debt. Today, the script is flipped. The private sector is relatively unlevered, and the central bank is overlevered. This is important because the only way to grow an economy is to guide credit towards productive use cases. Regardless of opinion, this has been the underlying basis of the early-stage beginnings of all successful economies and empires for centuries (see Werner). For those keeping score at home, these are the breadcrumbs we've been given to better understand where monetary and fiscal policy are going (Office of Strategic Capital).

3. G20 is bringing in banks and private institutions, which is a paradigm shift in how credit allocation works. This is the announcement. We are going to run a different playbook for our monetary framework from now on. This is the only way out. The only way back to some state of "normal". This is exactly what Werner lays out in the Princes of the Yen. An in-depth study of Japan and other great banking empires. Our "new approach" will be one that has succeeded many times in the past. Including during the creation of America. Why? Because this style best achieves rebuilding the US' industrial capacity - think modernization of infrastructure. Today's infrastructure and infrastructure for the 21st-century is inherently digital. That's why capital formation is being directed and pointed at all things AI and digital. This is why all these related industries are points of "national security". This is what is meant by "Hamiltonian policy", a notion we've discussed before.

In short, exactly as Dines pointed out, you're going to have to pick sides - US or China. This is what is meant by the new multi-polar world. Believe it or not, for the first time in more than two decades, "we're actually trying to accomplish something".

4. Credit expansion is the only way to get growth (PofY), which is why Main Street over Wall Street matters. See the Foundry School to better understand the government's refocus on centralizing and deploying capital into productive use cases. Centralize the steering of credit, decentralize who receives it.

The key to the entire process is Matt's highlighting of Richard Werner's work. Richard wrote the Princes of the Yen, which outlines not only the rise and fall of the great Japanese financial system, but more importantly, the foundations of how dominant banking and financial systems work. A means by which the US economic system has drifted far away from over the last thirty to fifty years.

In simple terms, the keys are state-directed capital and credit allocation to productive uses. That's all that matters for a budding or dominant economic system. Without it, one dies. Without it, one meanders toward financial engineering practices that eventually kill the entire system. Proper credit allocation (capital formation) is representative of early-stage and highly successful/functioning economic systems. Financialization is the sign of an aging or failing financial system. If you strip out all the complexity and jargon, it's as simple as this.

As Werner points out, the Quantity Theory of Credit is the origin of all successful banking models that have worked for thousands of years. It started in early Asia before moving through Europe, Germany, Japan, the US, and now back to China. It was the basis of China's rise as they've built out the Belt and Road system over the last decade-plus. It has allowed them to pull economic power and global sway away from the US by way of state-directed capital aimed at globally and systemically important supply chains. By doing so, China created a vast decentralized product and manufacturing hub for the world; for anything and everything at a low price. On the contrary, the US chose the more deadly path. Centralization, consolidation, and a reduction in the number of banking entities. All the while increasing the amount of financialization, leverage, and risk in the fewer and fewer nodes within the system.

WOW. The # of banks in the US, by era, as presented by @MaxfieldOnBanks. I had never thought of it this way. Once you see it you can’t unsee it… pic.twitter.com/CJQJdIZEYv

— Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) September 15, 2026

The core thesis, unlike what we've seen in the US over the last two decades, is decentralization. In short, you have the combination of centralized capital flows towards a decentralized private sector, which forms the basis of growth. You conquer, so to speak, in numbers.

This is a major paradigm shift from what we've become, but it is what we are finally seeing the US wake up to and begin to move back towards.

That's why it feels so chaotic and out of sync. It's different than anything we've seen in the last 70 to 100 years or more. It is what Hamilton implemented in the US to found our great and successful American experiment. It is what we reimplemented in the 30s to 50s to extend US dominance. But it is what we moved away from post-1971 with the creation of petrodollars and a heavy reliance on financialization and incentivization of lack of productivity (service). It is what stablecoin dollars, Bitcoin, and a SOFR based system are meant to hopefully replace. The brokenness of petrodollar and eurodollars. These steps are an attempt to revert back to something that works - productivity.

Instead of growth, for decades, we've implemented policies that promote fewer and fewer entities in industry and banking. The exact steps that choke off growth and kill economic systems. It also leads, as we've seen, to a vicious cycle of bad policy design that encourages less competition. All of which only exacerbate the problem.

Eventually, you end up right where we are. In an unproductive and overly financialized economy without the ability to provide because you've outsourced everything for the sake of profits, quarterly numbers, and inflated margins for analysts to bicker over. At some point, you wake up and realize the amount of power you've given away to others by centralizing your resources and profits into fewer and fewer hands. That's when you realize those providing to you have decentralized their resources, profits, and state-directed capital into real economic power that eventually unseats you from number one.

For a financial system to work, the entire system must depend on the quantity of credit, as Werner lays out, and if you follow the Japanese story, which I believe we are only 25-30 years behind, then Kevin Warsh is no different than the last Central Bank prince whose specific role was to change the regime. Unfortunately, if we choose to extend, the only option is to become the carry trade for others to piggyback off of. As we see, that game can unproductively go on for decades.

As Dines notes, the QE period is over. The only move to sustain is to provide credit to those who have capacity (Main Street) and guide it into productive use cases (21st-century infrastructure).

Sign up for the Bombthrower mailing list here. Follow Kane McGukin on Substack here.

Tyler Durden Sat, 09/19/2026 - 22:10

The court made “extensive efforts” to reach him by phone and email, but he did not appear.

Phil Simms didn’t see this coming. Jaxson Dart has won over the legendary Giants quarterback despite his doubts.

The rest of Sheeran's opening acts dropped out of his US Loop Tour following Macklemore's firing over his "Free Palestine" speech.

The rest of Sheeran's opening acts dropped out of his US Loop Tour following Macklemore's firing over his "Free Palestine" speech.

Mission accomplished.

She was hit with charges of attempted kidnapping and endangering the welfare of a child.

An estimated 19,000 pounds of trash was collected during Heal the Bay’s cleanup last year.

No one is going to confuse them with the Greatest Show on Turf just yet, but in Week 1, the Jets offense was competent. Can they repeat that in Week 2?

Foreign Capital Returns To Brazil As Goldman Clients See 20% Stock Rally If Bolsonaro Defeats Socialist

Brazil's tightening presidential race could drive a sharp repricing of local equities.

A new Goldman Sachs survey of 70 global investors found that half see at least 20% upside in EWZ, the US-listed Brazil equity ETF, by year-end if right-wing challenger Flávio Bolsonaro defeats socialist President Luiz Inácio Lula da Silva. The first round is scheduled for Oct. 4, with a potential runoff on Oct. 25.

Lula (Left); Bolsonaro (Right)

Goldman Sachs Managing Director Nelson Armbrust provided clients color on the upcoming elections in South America, which could cement a historic, once-in-a-generation rightward shift across the continent.

Related:

• Brazil At A Historical Crossroads

He focused on positioning:

Flávio Bolsonaro (right-leaning candidate) is gaining momentum; polls show him tied or closing the gap in the second round. 

As a reminder, pools don't adjust for the likely voter (aka: the people that actually turn up on the day to cast a vote, no mail ballot votes in Brazil), and historically there has been higher absence from Lula's voters. 

We just did a survey with 70 global investors about their cross-asset views in Brazil, the bottom line:

• Equities is the least owned asset class (60% are either "very light" or "light") and it is the vehicle this group sees the most upside (half see EWZ at least +20% by year end if Flavio wins) From my convos, local Equity investor positioning is a 6/10 while local Macro accounts are small in equities (3/10). 

Foreign capital is starting to come back to Brazil as we near the event:

We have seen massive buying of upside from investors, EWZ Call Open Interest at ALL TIME HIGHS:

Implementation: I like EWZ Call Spreads for November (runoff is October 25th) and going long our Rate Sensitive basket (GSBZRATE Index).

Implied 2 month vols have risen from ~30v to ~45v and past election cycles (noted on the graph below) show that vols could keep moving higher.

But the cost of the 30% delta call vs the 10% delta call has been stable lately and is historically cheap (21st percentile).

EWZ Nov 42 50 call spread = $1.00 offer 8x max payout, ref 37.20, ~45v ATMF, 23% delta, max loss is premium paid. 

Another way to implement is going long GSBZRATE Index, they are the 30 stocks in Ibovespa most correlated to 5y rates. It is composed of Fins (38%), Real Estate (17%), Industrials (17%), Utilities (12%), Cons Disc (9%) and Materials (6%). You can trade U$75mn a day at 10% volume. 

Brazil has the highest real rate in the WORLD (~10%) and is the most correlated EM Equity with local Rates. If rates come down, the move in Equities could be meaningful.

Below is a chart of the basket's P/E vs local short-term rates (Jan29 rates) inverted. As flagged by Louis Miller, one could expect a ~30%+ re-rating in GSBZRATE (P/E going from 9x to 12x) if the local rates price in 200bps of cuts – from my investors discussions, 200-300bps is where most expect to see short term rates by year end if Flavio wins.

Historically when the market prices cuts, our Brazil Rate Sensitive Basket delivered ~3x the Ibovespa's return (table below). The basket struggles if rates are cut due to recession risk or if there is a commodity boom (1/3 of Ibovespa is commods). Quick explanation below on periods the basket did not outperform Ibovespa (and I don't expect any of these scenarios to play out):

• Jan2010-Aug2010: economy and inflation were strong, CB started hiking and we had a bull flattening of the curve so the ongoing 5y came down.
• Jan2014-Aug2014: CB finished a hiking cycle on April 2014, economy started to decelerate sharply, mkt read it as "CB wont be able to keep rate high for long" so the 5y came down. Also, 2014 was an election year with Dilma x Aecio Neves (mkt thought Aecio, a right-leaning candidate, would win… but he lost and Ibovespa finished flat on that year.)
• Dec2015-Apr2018: huge commodities boom from China expanding, so Vale and Petrobras led the rally. Also in Aug2016 Dilma was impeached and Temer ran the country. During this time, markets rallied.

Earlier this month, Polymarket showed Bolsonaro overtaking Lula for the first time, and that lead has held through Saturday morning. Bolsonaro's odds of winning currently stand at 57%, while Lula's are around 42%.

Brazilian stocks have rebounded alongside rising Polymarket bets on a Bolsonaro victory.

A Bolsonaro win would cement a rightward shift after socialists spent years destroying the continent with nation-killing progressive experiments.

Also, across the pond in Europe, Nomura analysts expect an 18-month election cycle that sees the continent "lurching right."

Tyler Durden Sat, 09/19/2026 - 21:35

A deranged driver allegedly drove his car onto the sidewalk near the White House and demanded to speak to President Trump, causing a wild scene in DC.