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March 30, 2008 - Art Bell

02:36:45

Coast to Coast AM with Art Bell - ET Contact and Energy - Steven Greer - Michael Shedlock - Economic Meltdown Prediction

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	From the high desert and the great American Southwest, I bid you all good evening, good morning, good afternoon, wherever you may be in the world's prolific time zones, covered like a blanket each and every one of them by this program, Coast to Coast AM, I'm Art Bell, filling in for, well, nobody.
	It's the fifth Sunday of the month, so I guess I'm not technically filling in for anybody.
	Good evening.
	It's good to be with you.
	Now, a little bit of old business first.
	The story about the young 11-year-old who protected herself in Montana according to Snopes.
	False!
	Shotgun killed a couple illegal aliens.
	Wrong.
	Not true.
	But these things do happen.
	Snopes goes on.
	The only news story of recent vintage we could turn up About a minor using a shotgun to kill two armed intruders attempting a home invasion robbery.
	Took place in December of 2006.
	Involved a 17-year-old boy in Texas.
	An overnight home invasion robbery attempt in northeast Harris County ended in a hail of gunfire.
	Left the two suspects deader than doornails, so it does happen.
	And then there was an 11-year-old boy, this is back in 1988, who'd been left home alone from school.
	Home Alone 1 shot and killed two men as they tried to take off with the family video cassette recorder.
	So these things definitely do happen, but that 11-year-old didn't.
	All right, tonight in the first... Oh, the webcam shot, a little bit different tonight, same idea, a little different.
	Top of the website, Arts Webcam, just click on that and you'll see Little Asia in her protected hat.
	We're going to talk a little bit about the economy.
	Why?
	Because it's happening, or not happening, more likely.
	I don't know how many of you lately have gone to the gas pump.
	I did the other day.
	What used to fill my tank now costs about twice as much.
	Now that's having a severe A severe impact on the economy.
	Where's oil now?
	Over $100 a barrel, right?
	$103, $104, $105, whatever.
	Varies by the day, but over $100 a barrel.
	So, I don't do the household supermarket shopping, but any of you do know that's already beginning to impact everything else, and it's going to.
	And honest to God, I don't know how some people are making it.
	I have no idea.
	So tonight, Mike Shedlock, or Mish as he prefers to be called, is a registered investment advisor representative for the Sitka Pacific Capital Management Company, an asset management firm geared towards individuals seeking strong performance with low volatility.
	Mish is a writer for the Daily Reckoning and co-editor of Whiskey and Gunpowder.
	Nice name!
	Free daily commentary about the stock market and the economy.
	Mish has his own blog at globaleconomics.blogspot.com.
	Those wishing to discuss the economy, gold, silver, interest rates, and so forth, and the market, of course, can do so with Mish for free at the Market Traders Forum.
	So in a moment, we will tap on the shoulder of somebody who knows what's going to happen with the economy.
	Mish, coming right up.
	Coming up next hour, of course, is Dr. Stephen Greer.
	But right now, I just don't see how anything can be more important to the individual than trying to stay alive.
	Remember the old song, Stayin' Alive?
	Mish, welcome to the program.
	Oh, it's a pleasure to be on here.
	My fourth time on Coast to Coast, and my first time with you, and I look forward to this hour.
	I guess I'm looking forward to it too.
	It's pretty scary.
	I went to the gas pump yesterday.
	I've got a Camaro and it was half empty.
	Filled it up and it was over $60.
	And I'm, you know, I'm kind of wondering, Mish, how a lot of people who commute to work any distance at all, and I used to go, you know, 65 miles one way and then the other, how they're doing it?
	Well, they're not doing it.
	And it's going to get worse.
	We're seeing cancellations here.
	Walmart is cancelling a whole bunch more stores.
	People don't like Walmart, but you know what?
	It's not a high-paying job, but it's at least a job.
	We're seeing all the financial institutions, the brokerage houses, the banks are laying off people.
	We're seeing an end to the commercial real estate boom.
	So, all the things that were keeping the economy sort of alive are now starting to implode.
	And it's one thing to have a car that's tough to fill up with gas.
	It's another thing to not have a job where you can't even get to the gas station.
	Or have them take your home away.
	Or take your home away.
	The home situation is so bad that people are walking away from homes.
	It's called jingle mail now.
	People are so over their heads in mortgage debt and their homes are so underwater.
	On the basis of these liar loans, primarily in California, Florida, Las Vegas, all of the bubble areas, when people took out these loans on $400,000 houses, where they said that they were making $100,000 a year, when it turns out they were making $15,000 a year.
	And so now that the prices of these homes have collapsed from $400,000 to $250,000, people can't make their mortgage payment.
	They're just sending the keys back to the lender and saying, you know, here, here's the house, goodbye.
	Mish, let me ask you a question.
	You said liar loans.
	Where were the lies?
	Did lies come from the people who wanted the loans and then the lies were accepted with a wink and a nod from those making the loans?
	Or where do you lay the blame?
	It was a mutual lies.
	Everyone knew that there were lies going on and in some instances, but a minority where you would have outright purposeful fraud by someone changing an application unbeknownst to the borrower.
	Just to make sure that that person got the loan.
	But the vast majority of them was nudge, nudge, wink, wink.
	Are you sure you're not making $50,000 because that's what you need to get this loan?
	And the person would say, oh yes, I have alimony coming in and let's consider that.
	So that's how it was.
	And everyone knew this was happening.
	But it was all done on the belief that home prices would keep rising forever.
	And had they, it would have been alright, perhaps.
	Well, had they, there would have been another problem called hyperinflation.
	Nothing is forever.
	Yes, that's right.
	Nothing keeps going up forever.
	Eventually, and not eventually, but homes were three times standard deviations above the norm compared to rent prices.
	And compared to historic average increases in home prices.
	Do we have any idea, Mish, how many of these kinds of loans were made?
	Oh, there's trillions of dollars' worth of these loans that were made.
	Some of them are resetting now.
	And actually, that's why the Fed has been on this massive campaign here of slashing interest rates.
	It's to bail out some of these people that got into arms, these teaser rates that Greenspan recommended back in 2003, 2004.
	in 2003, 2004.
	Those rates are about ready to reset now.
	So the Fed has slashed interest rates, hoping, like heck, that it can prevent some of these
	people or keep some of these people in their homes.
	But it's not going to work.
	That's what I was going to ask.
	Is it going to work?
	The economy is flowing too fast.
	People are too underwater.
	Frankly, it's not in their best interest to stay in these homes.
	Look, if you bought a home for $400,000, And it's only worth $250,000 now.
	And you had no skin in the game.
	You didn't put down a down payment.
	These are the kind of loans we're talking about.
	There was no down payment made on these.
	And Bush passed a law, or the administration passed a law, Bush signed it, Congress passed a law, Bush signed it, allowing people to walk away from these loans without recourse.
	So what are you going to do?
	This is a law that they passed last year, and at the time that this was being debated, I said, man, this thing is going to encourage people to walk away.
	And sure enough, that's exactly what happened.
	Now, some people were going to walk away anyway simply because they bought these houses that they absolutely couldn't afford.
	They only bought them hoping to flip it to the next guy.
	So you're telling me there's a law that says they can't be chased?
	That's right.
	Maybe there's a little karma there.
	Well, I think there is some karma there.
	And what's happening is people are turning these houses back to the lenders.
	And now you have Citigroup, Washington Mutual, Maryland, anybody that made these loans, Jingle Mail, the keys are being returned to the lender.
	They're stuck with these houses now.
	And these houses are on the books at inflated values, of course.
	And they're carrying these assets on the books as if they're worth full value, when everyone knows they're not.
	Well, of course, when you're in trouble, that's bad.
	When the banks are in trouble, that's really bad.
	Absolutely.
	And the Fed has practically panicked over this.
	Just this last week, a couple of interesting developments have happened that we need to talk about.
	The first one is the SEC came out with a rule last Thursday or Wednesday saying that assets no longer have to be marked to market If the prices represent the result of some kind of distress or not.
	Well, there's a distress in the system here.
	The SEC has essentially come out and said, look... SEC?
	You keep saying SEC.
	Securities and Exchange Commission?
	Securities and Exchange Commission, yeah.
	They've come out with a rule that said banks don't have to mark assets to market If the last sale price or the last known price was a result of some sort of illiquidity or distress.
	That's like saying, okay, Bear Stearns fell from $30 to $2 or $50 to $10, whatever.
	$30 to $2 or $50 to $10, whatever, but let's not mark that to value at $10 because that
	was a result of distress.
	We'll keep this asset on the books as if it's worth $50 still, when it's not worth $50 still.
	The Securities Exchange Commission is granting license to lie.
	And this ruling just came out this last week and said, here you go, corporations, why don't you just lie about the worth of the assets on your books?
	All right, Mish, look, where is this going to go?
	I mean, everybody can see where it is now and what's happening and the distress individuals are in with these homes.
	Where is it ultimately going to go?
	Well, ultimately, this might drag out for years, just as it did in Japan.
	And it appears to me that that's the way we're headed.
	Now, the correct thing to do would be to let market forces take over, and that's what Ron Paul would do if we could get in someone like him.
	But instead, we've got the SEC and the Fed all wanting to pretend that assets aren't as bad off as they are.
	They don't want to mark this stuff to market.
	They want to keep it on the books and pretend.
	But meanwhile, banks can't lend because they really know what those assets are worth.
	A lot of banks are going to be insolvent, but we're going to pretend that they're not, and we're going to drag this thing out for another 10 years, just like Japan did.
	That's one possible scenario, and right now, it actually looks like that's the scenario that Bernanke is angling for.
	Which means, over a period of 10 years, all this gets somehow absorbed, what?
	Well, let's take the short term first.
	The economy is souring.
	We have a massive over-expansion of commercial real estate.
	We don't need any more Walmarts.
	We don't need any more Pizza Huts.
	We don't need any more Home Depots, for Christ's sakes.
	We don't need any more Lowe's.
	Practically anything you can think of.
	We don't need any more nail salons.
	We've got one every quarter mile here on the strip malls near me.
	The we don't need any of this more stuff.
	So so there's there's no reason to lend.
	There's no reasons for businesses to expand.
	So there's no reason if businesses aren't expanding, they're not going to be hiring.
	So unemployment is going to shoot up.
	We're going to have a massive increase in unemployment.
	And and there's going to be more foreclosures.
	That's what's coming immediately.
	So, you know, regardless of what the Fed does with interest, they could the Fed could slash interest rates to zero.
	And it wouldn't matter, because if you don't have a job, you can't pay your mortgage.
	And that's what's coming.
	We're talking about depression-like conditions, and certainly we're seeing them in some states already.
	One out of every eight people in the state of Michigan is on food stamps.
	One out of ten in Ohio just came out.
	The New York Times is reporting on this today.
	One out of ten in Illinois.
	And this is already and we're just heading into a recession.
	How bad can it get?
	Pretty bad.
	Maybe we don't see the soup lines that we had in the Great Depression, but instead we're seeing the food stamp line.
	Those are amazing stats.
	You say 1 in 8 in Michigan, 1 in 10 in Ohio, is that correct?
	Yes, 1 in 8 in Michigan, 1 in 10 in Ohio.
	Of course, those are the industrial areas that have lost so many jobs.
	Is it fair to blame, and this is a pretty good question because it's a debate in the presidential primaries, is it fair to blame all this on NAFTA?
	No, I don't think it's fair to blame this on NAFTA.
	One cannot stop globalization from happening.
	It has to be that way.
	what out of line is uh... i was just reading uh... the layout
	my pronouncing the name right below california the they've got an enormous percentage
	of the population there working for the local city government
	and these people are are making you've you've got your firemen making two hundred thousand
	and and the uh... top nurse making you know three hundred seventy five thousand
	that might have been uh... san diego and i'd allow for that for the last one
	but that we've got all these pension the uh... benefits
	promised to city workers So anyone working for the government gets a sweetheart deal.
	And of course, all the money that we're blowing in Iraq and all the government nonsensical spending we're doing, that's weakening the dollar.
	And the average Joe goes to fill up their car at the gas station.
	And goes to the store to buy things, buy groceries, buy food, try and feed the house.
	The average guy is worse off now than any time in the last 10-15 years.
	Boy, I've got to agree with that.
	And again, where is that going?
	I mean, we see oil prices now above $100 a barrel just about every day, I think.
	And probably headed higher.
	Is it your view they will, at some point, stabilize or even drop?
	Or are they going to keep going up?
	This really depends.
	There's a wild card here on whether or not... And one can't discount anything that this current administration might do.
	In terms of, say, attacking Iran.
	Now, if that were to happen, I think we would see $200 oil overnight, and I think we would see the same thing.
	McCain's practically promised to invade Iran, at least that's the way I'm reading him.
	To be fair, I haven't heard that.
	Well, he wants to be in Iraq for 100 years, and he wants to solve all the problems in the region.
	And I guess maybe I'm reading between the lines too much, but just being in Iraq for the next 100 years is certainly not going to make things more stable.
	To stabilize the region, we need to get out of the region, I think.
	And there's less oil flowing out of Iraq now than there was before the war started.
	Yeah, I'd like to ask about that a little bit.
	I mean, there is a lot of oil in Iraq.
	Now, we've spent blood, money, and sweat in Iraq.
	And I don't think that... and all we've got to show for it right now is $100 plus oil.
	So, when are we going to get the benefits of, you know, war?
	The spoils of war?
	As long as we stay there, we're not going to get benefit.
	We're a destabilizing force in Iraq.
	I think the sooner we get out of there, the better.
	Ron Paul, I know what he would do.
	Unfortunately, I don't think he has a chance to win the election, but I voted for Ron Paul.
	I voted for Ron Paul proudly.
	But I'm for any candidate that's most likely to get us out of Iraq.
	The interesting thing to me, Art, is the population finally put two and two together and figured that out.
	I was actually stunned.
	Fortune Magazine called me a few weeks ago, right before this poll, and I told them there was going to be a national referendum on walking away.
	And they thought that I was talking about walking away from houses.
	And I said, no, walking away from Iraq.
	And they said, what do you mean?
	I said, well, I think that's what this election is going to be about.
	And lo and behold, the very next day, and I was really surprised by it, but they took a national poll and they asked people what the single most, the single best thing that could happen for the economy.
	And the answer was, the number one answer by almost 50% of the people was to leave Iraq.
	People finally put it together.
	What this war in Iraq is costing us.
	We can no longer afford to be the world's policemen.
	We can no longer afford to spend trillions of dollars over there.
	That's what it's going to cost when you look at the future liabilities of all the soldiers that are coming back maimed and injured, and what it's going to cost to medically take care of them for the rest of their lives.
	It's just really sad.
	And this war didn't have to be, but it was.
	So, now what can we do about it?
	We can bring the troops home.
	All right, Mitch, hold it right there.
	We're going to take a break here at the bottom of the hour.
	When we get back, we'll tackle this question of Iraq and whether it really is tied to the economy and whether the economy is going to tank whether or not we leave Iraq.
	It's really interesting.
	In all these years, when the economy has been pretty good these past years, We've had people like Michael Shedlock on the program.
	Mish, we call him.
	And they forecast doom and gloom and bad things are going to happen and people aren't saving and they're going to lose their homes and they're going to lose their jobs and there's going to be a lot of homeless and people on food stamps and guess what?
	Here it is.
	The only question is, how much worse is it going to get?
	Well, we'll explore that and how big a part of it Iraq really plays in all of this in a moment.
	Alright, Mish, if we can, let's get Iraq out of the conversation for a moment.
	Sure.
	And break it away from the economy now.
	It looks to me as though we're in trouble, Iraq or no Iraq.
	The way things are going with the banks, the way things are going with this home implosion, and the way things are going with oil, which is the backbone of virtually everything, Iraq or no Iraq, we're in trouble.
	Isn't that fair to say?
	Oh, absolutely, that's fair to say.
	I mean, look at all the unfunded pension liabilities, look at all of the Medicaid and Medicare package that was It was passed that we absolutely can't afford.
	Look at the rules and regulations that we have that prevent drugs being imported from Canada at cheaper prices.
	Look at the sweetheart deal that we made with, the government made, with some of the big pharmaceutical companies that essentially says there would be no group negotiation.
	Over prices on prescription drugs.
	I mean, all of these things add up to a big picture.
	And even on a smaller scale, we have things like building bridges to nowhere in Alaska, where all the congressmen push through their pet projects for their own little district.
	And then on a, well you vote for mine, I'll vote for yours, kind of thing, you got all these little projects and you look at them and say, well, you know, that's only a billion here, but it's a billion here and it's a billion there and, you know, 50 million here.
	I know that these things make people angry, but they're still a small, very tiny part of the economy, actually, even though they make people angry.
	The real big problem, it seems to me, is Well, we have a situation where there's peak oil.
	We're not running out of oil, but we're running out of oil that can be gotten cheaply.
	And until we put in some policies that are likely to do something about that, but instead we put in policies that subsidize ethanol.
	So, now we have ethanol subsidized, so we have corn that should be going to feed cattle, going to produce ethanol.
	Instead of, say, importing ethanol from Brazil that wants to actually export it to us for a far cheaper price than what we can produce it for here in the United States, instead we're growing corn.
	And that's causing the food stocks to go up.
	It's causing everything.
	It's just a massive distortion.
	Everywhere you look at, the government has distorted the picture of what's happening.
	Now, I actually expect, short term, that oil prices are going to come down.
	And the reason is, I think the recession is going to be longer and deeper than anyone thinks.
	So if oil prices do come down, it'll be a sign probably that things are really bad, not necessarily that things are getting better.
	I see a recession coming not just to the United States, but I see one coming to the UK.
	There's property bubbles in the UK and Spain and Ireland that are just as big in the United States.
	There's an enormous property bubble in Vancouver and Toronto and Canada.
	Those prices are going to crash.
	And Europe is going to hit a recession as well.
	All right, Mish, what about the dollar?
	The dollar has been falling against most other currencies.
	I spent some time not long ago in the Philippines.
	At that time, one U.S.
	dollar equaled 53 Philippine pesos.
	Right now, I haven't looked today, but it's probably in the order of 40 or 41 pesos.
	So it's fallen from 53 to 40.
	It's fallen against almost every, it's fallen against every major currency, that's for sure.
	And it's fallen against a lot of minor currencies as well.
	I don't follow the Philippines, but my gosh, in 2000, the Euro was at .85, and now it's at 1.57.
	That's almost, what is that, almost double.
	The U.S.
	at .85 and now it's at 1.57.
	It's almost, what is that, almost double.
	The US dollar has fallen in half in relationship to the euro in the last seven years.
	That's a pretty big decline, wouldn't you say?
	I would say it's gigantic.
	Is there anything that can or will be done about it?
	In other words, do you expect that trend to continue or reverse?
	I expect that trend to reverse.
	I expect the yen, however, to strengthen.
	What we've had is a massive carry trade.
	in going on in japan and the carry trade for uh... what does that mean
	it's borrowing in a low interest rate uh... currency
	like the end uh... japan had interest rates
	they're now just a half of a percent there
	for a long time they were a quarter of one percent one quarter one percent
	point two five so uh...
	uh...
	all the hedge funds big speculators banks brokerage houses everybody piled
	into this this this carry trade of borrowing money at at point two five percent indian and investing it in t
	bills in the united states where they could get five percent
	Well, that works as long as the U.S.
	dollar stays relatively stable.
	But once the U.S.
	dollar falls more than 5%, You don't have a problem.
	These people are losing money now in the carry trade, and all that money that was borrowed went into U.S.
	assets.
	Some even speculated not just in interest rates, but in stocks, in gold, in other things, and also even in the euro.
	So when that unwinds, that's going to put a lot of market pressures On these things that were speculated.
	So you feel the dollar may rebound?
	I think the dollar will tank versus the yen, but I think the dollar is likely to rebound against Europe in the pound.
	And the reason being is people in the United States, they only see the problems that we have here in the United States.
	They don't see all the problems that are going on elsewhere.
	But the rest of the world does.
	People in Germany, they understand the problems in Germany.
	And the German banks, by the way, are as bad off as the banks here in the United States.
	And the property bubbles in Spain and the UK are as bad as the property bubbles here.
	So when these things start to correct, We'll see, and Europe starts to cut interest rates, we'll probably see a decent sized rally
	Okay, now let me move on quickly.
	We don't have a lot of time.
	I want to ask you about metals.
	Gold is way up in the stratosphere now.
	Silver is in its own stratosphere.
	Are these bubbles?
	And, you know, while it was worth, certainly a lot of advisors like yourself said, buy gold, buy gold, buy gold.
	Well, that advice turned out to be pretty damn good.
	Considering the price of gold and silver today, but what about now?
	Is it a good buy now, or is it a gold and silver bubble?
	It depends on one's time frame.
	Right now, gold seasonality is unfavorable through about August, through July, so that's just kind of a short-term seasonal kind of play.
	Right now, we're actually looking for this counter-trend play, like I said, in All right.
	the dollar to rally versus the euro. So if that happens, it's possible for gold to correct here
	significantly. But in a longer term outlook, what you have is gold has been rallying and is likely
	to continue to rally against all the fiat currencies.
	And certainly the U.S.
	dollar right now is the worst of them.
	But gold is rallying versus the euro in spite of the strength of the euro versus the U.S.
	dollar.
	So I view gold as money.
	And it's, over the long haul, likely to be a safe haven against any of these currencies.
	No, no.
	You've brought a bit of a different view to things, and one I hadn't thought about.
	While things are bad here, and while we're going through these housing corrections and so forth and so on here, you're saying it's going to happen in the rest of the world, so hang in there, folks.
	We may be going through the pain now, but there's going to be plenty of pain to spread around.
	Oh my gosh, there's going to be absolute pain to be spread around.
	The Fed is panicked over pain here now.
	Just last week, late last week, the Treasury Department came out and asked for a market stability regulator, and that ought to scare the bejeebies out of everyone, because here the Fed is the most guilty party In this, in slashing interest rates to 1%, weakening the dollar, spawning this housing bubble, and all of a sudden, the Treasury Department, Paulson comes out and says, things are so bad here now that we need to coordinate things and put the Fed in charge.
	They want the Fed to have more oversight of hedge funds, more oversight of non-banks, and more to do with the SEC itself.
	And my gosh, I did a post, I said, my gosh, talk about putting the Fed in charge of the hen house, is how I called it.
	And that's exactly what the proposal is.
	This is going to be debated all next week.
	We don't have the details on this thing yet.
	But when you see this kind of action, and the last time we saw this was during the Great Depression.
	All right, Mish, I want you to give some advice to people.
	Let's talk for a moment to people who are not part of this horrible subprime mess, and they're upside down in their homes, they're going to lose their homes.
	Let's talk to the average person out there who probably has, you know, paid off pretty well, has some equity in their home, and they're doing okay, but they're scared to death today about what's going on.
	How would you advise?
	They've got a job, you know, they're the average American.
	They've got a job, perhaps both the husband and wife have a job, and they're doing okay.
	But they're looking around and they're getting scared.
	What's good advice for these people?
	Well, they should be scared.
	The number one rule here for everyone is to start living within their means.
	And as weak as the U.S.
	dollar is, and as distasteful as it might be, it's good to have a lot of cash on hand in case you lose your job.
	I talked about rising unemployment.
	There aren't any jobs that can absolutely be considered safe here.
	And the number one thing that people need to do is try and have a year's worth of cash cushion for all of their living expenses, just so they don't get forced out of their home at a very, very inopportune time here when it's hard to sell homes.
	That's the number one thing they can do.
	The number two thing they can do is lighten up on risk.
	If they're in the stock market here now, Maybe they should pull back.
	Treasury bills are only paying 1 or 2 percent.
	Maybe you can get 3 or 4 percent on CDs.
	There's nothing wrong.
	here with getting a positive return of three percent even if you're losing to
	the price of gasoline at the pump or the price of food sometimes and this is
	probably one of them better safe than sorry well yeah but he who loses least
	does best you know maybe there is no absolute winning option here for I
	didn't mean to be giving myself a plug here but if someone wants to get a hold
	of us at Sitka Pacific Capital Management more than happy to address
	any individual concerns that people might have If you didn't mean to give a plug, that was a hell of an accident.
	Well, it sure was.
	What I meant was I didn't plan this coming in.
	Since you asked me what people can do, I'll take advantage of it.
	That's all.
	Generally, just be prepared, lighten risk.
	But one thing, for a lot of people out there, mortgages are resetting right now.
	A lot of them.
	People that were in 3-1 arms a few years ago, or 5-1 arms five years ago, those rates are resetting now.
	And people need to be aware of mortgage interest rate scams that are going on right now.
	I talked about one of them specifically had to do with Citigroup, where they actually sent out letters to clients saying, your rate is going to reset higher in a couple of months.
	We're going to offer you this special deal here right now.
	I've got proof of this, documented proof on my site, so anybody who wants to see it can do a search for Dear Citigroup Customer, and you will find my post where I talked about this.
	But the actual fact is, because Treasury rates have fallen so much that when these arms reset, They're actually going to reset lower.
	Yeah, that's what I would think.
	The Fed reduced, what, three quarters of a point recently, so obviously they're going to go lower.
	Exactly!
	I mean, Treasury rates have gone down.
	One-year Treasury rates have gone down from four and a half percent down to one and a half percent.
	So anyone that was on an arm tied to Treasury rates is now going to reset lower, possibly a point and a half lower.
	And instead, we're seeing scare tactics by some of these lenders going out there.
	Your rate is going to reset in three months.
	Why don't you lock in here at 6%?
	When, in fact, if they do nothing, they might get an automatic reset down to 5%.
	So people need to not fall for any of these mortgage scams that are going on out there right now.
	But how long is that going to last?
	If you stick with the arm, and I agree with you, I'm sure it's going to dip a bit.
	It has to.
	But how long is it going to stay down?
	Well, right now, if all the people can afford is that lower rate, then there's really not a choice.
	But how long is it going to stay down?
	I'm assuming a few more years.
	So there's a little bit here.
	And I'm expecting the housing market is actually going to bottom or the first chance of a bottom actually, let's put it that way, is about four years from now.
	And that's just based on a lot, a lot of the housing inventory on historic patterns on undershooting, I don't think housing is going to pick up and be a hotbed of activity after that, but it's going to take at least four years to work off this inventory.
	And I expect the economy is going to head in and out of recession over the next four years.
	That's going to keep a lid probably on interest rates for that period of time.
	So it's funny, we've got the opposite of what was happening in 2003, when Greenspan was actively urging people to get into arms.
	Right when interest rates were about ready to shoot up, now we have everybody absolutely panicked out of their mind about where interest rates are going.
	They're going into fixed rates just as interest rates are ready to drop, and perhaps they're better off in an arm.
	Absolutely amazing.
	Just a complete, stunning psychology change here from what Greenspan was recommending and now what banks are representing.
	In both instances, it looks like we're seeing these recommendations from people that are not in anyone's best interest to take.
	Seems like there's a lot of karma going on here.
	If somebody planned all this, I'm sure a lot of people made money on it, but it looks like instead of a lot of people being in trouble, well they are, a lot of banks are now in trouble, and so they're having to move in the exact opposite direction in order to prevent the whole damn country from going under.
	Well, that's what happened, actually, back in 2003.
	Greenspan refused to take the medicine there.
	We had all these dot-com companies imploding, and we had all these banks that made all of these bad loans to dot-com companies.
	So Greenspan comes by and says, oh, let's get this economy humming, so we're going to slash interest rates down to 1%.
	Sure enough, it creates a big housing bubble.
	Banks had enormous profits for the next four years.
	Everyone overstayed the party.
	The problem is we've already used the housing bubble.
	I don't see another source of jobs that the Fed can cut interest rates to zero here, and it's not going to spawn.
	Uh, another housing boom.
	And without that, I don't see a source of jobs.
	The housing boom created jobs not just in housing, but jobs at Home Depot, all the Lowe's, all the strip malls that went up around all the new subdivisions, even things like grass seed and pain and people putting in new kitchens themselves.
	All of that activity.
	All right.
	Listen, Mish, we're out of time.
	We're out of time.
	We've got to go.
	I really, really appreciate your input.
	A lot of it is very valuable, I think, particularly in this last half hour or so.
	And I want to thank you for being on the program.
	It's a pleasure to be here, Art.
	I hope we can do this again.
	Good night, Mish.
	All right, folks.
	There you have it.
	That's The Outlook.
	What do you think?
	A lot of people have been waiting for this one.
	Good morning.
	Dr. Stephen Greer is founder and CEO of Space Energy Access Systems, also the founder and director of the Disclosure Project.
	He is an emergency room physician and former chairman of the Department of Emergency Medicine at Caldwell Memorial Hospital.
	Dr. Greer is a lifetime member of Alpha Omega Alpha, the nation's most prestigious medical honor society.
	He's appeared on several national programs including Larry King, CBS, BBC, NTV in Japan.
	Dr. Greer has been supervising A world-wide search for alternative energy sources.
	Specifically, those known as zero-point or over-unity devices with a plan to identify and develop systems which will eliminate the need for fossil fuels.
	Now, not too awfully long ago, Dr. Greer suggested there was something fishy at SETI.
	That they'd received a signal they weren't telling us about.
	And then just a very few weeks ago, we began to learn about a signal that in fact had been received.
	And so we're going to talk about that and so much more this night with Dr. Stephen Greer.
	We'll be right back.
	Dr. Stephen Greer, welcome back to Coast to Coast AM.
	Thank you.
	Glad to be with you.
	Gosh, it's been a while.
	I think the last time I was in the Philippines.
	Yes, and congratulations on the birth of your daughter.
	Thank you.
	She's really something.
	When we last spoke, you did speak of being aware of a SETI signal that had been received and held secret.
	Now, several weeks ago, there was a really interesting story that broke on CNN.
	That's where I happened to catch it, but it didn't last very long.
	It talked about a signal that had been received.
	And I'm paraphrasing now because I don't have it in front of me, but they said it was extremely, it was a burst type thing and very complex and it might take years, they said, to perhaps learn or, you know, decipher it in some way.
	And then the signal, well, the story just went away.
	You know anything about that?
	Well, you know, I want to clarify one thing, and that is that what I discussed before was that there were multiple repeated complex signals that had been received at SETI, and this was conveyed to me from the very highest sources.
	And it wouldn't surprise me if there was another one that had occurred, or an ongoing set of them.
	And that that leaked out and then the story disappeared.
	Whether this particular signal they're referring to was a natural phenomenon or an extraterrestrial one, I honestly cannot say.
	I can tell you that there have been multiple ones that they have confirmed to be of extraterrestrial origin, definitely intelligent signals, and that has been kept secret.
	And this is not surprising because, as I mentioned once before, I had a colleague At the NASA Ames Research Center, who quite a few years ago, in the 90s, confirmed that the SETI project was essentially a scientific-sounding smokescreen to hide the fact that we've already had contact with extraterrestrial civilizations on the Earth, never mind emanating signals from space.
	And it just makes it look like, well, gee, we're still searching for intelligent life out there.
	Uh, you know, I mean, recently we had this event at the United Nations, which I have quite a bit of inside information on if you're interested.
	And, uh, this is, uh, you know, we had 30 nations represented there, and one of the subjects, not the only subject, but one of the subjects discussed was the UFO matter.
	And, uh, it was widely accepted by those in attendance that we were being visited.
	Alright, on that score, as I went to, it was very interesting, I think Larry King did a UFO show tonight, and then I went to AOL, and sure enough, there's a picture of one of these damn spheres in Capitola.
	Now these are very, very clear photographs of something, I know you've seen them, that doesn't exactly look terrestrial, and yet doesn't look big enough.
	They're very hard to put your finger on, but they're extremely clear photographs, and I wonder what you make of them?
	Well, we do know that there are a number of spheres that are of extraterrestrial origin that we've had encounters with on our sea study expeditions, and on the other hand, there are ones that are classified objects.
	Remember, almost anything that has been studied, and this is now 60 years plus That it's of extraterrestrial origin has been studied and experimented with and sort of knock-offs, if you will, that some of the aerospace contracting groups such as Lockheed and Northrop have developed.
	And so many times people have seen these classified objects and thought they were perhaps extraterrestrial.
	You really, by just looking at a photograph, I'm skeptical that you're going to be able to tell the difference.
	I think you'd have to have someone who's observed other aspects of how it maneuvered, whether it was interactive with the person.
	And whether there was any other, shall we say, strange phenomenon associated with it, particularly electromagnetic phenomena that interface with consciousness and thought.
	So you don't have any direct take on these fear photographs.
	You know, the UFO photographs take hits.
	If they're too blurry, they take hits, and if they're too clear, they take hits.
	Yes, we've run into that for years, and this is one of the problems, is that We have some images that have been given to us from various governments around the world that are very clear, such as the government of Costa Rica from a survey plane, a very clear disk that came up of Lake Arenal.
	And we have presented that to people and they say it's broad daylight, it was taken by a survey plane at about 10,000 feet, crystal clear.
	And people say, well, look, that's just too good.
	It's got to be a fake.
	But it was conveyed.
	In fact, we actually took possession of the 8x10 negative.
	Uh, from this, I think it was, or a very large negative.
	I don't know the exact dimensions, but not just a small negative.
	It was a survey plane taking photographs every few seconds.
	And what you find is that if you want to explain it away, you can, but in reality, there's thousands of images of these ET vehicles and quite a few images of some of the, uh, what we call alien reproduction vehicles that are man-made.
	Uh, we know those have been operational since at least the late 50s and perhaps earlier.
	You've been doing this now for many, many years.
	And I note that you're beginning to take some hits on the internet as well.
	Oh, I've been taking hits for years.
	It doesn't bother me.
	Right, I know.
	But it's kind of accelerated recently.
	And the rap, I think, is that you refuse to disclose evidence that you talk about.
	You talk about, of course, people highly placed and that sort of thing.
	And they're rapping you for not turning loose this evidence.
	Well, I don't out people.
	In other words, if I'm meeting with, for example, a few months ago, a member of Congress who's Very supportive of what all of us would like to see happen, disclosure and an open discourse on this matter, but has asked me not to talk about who he is publicly.
	I'm not going to violate that trust any more than I would as a physician with a patient.
	I just think it's unethical.
	On the other hand, if you look at DisclosureProject.org, there's dozens and dozens of military and intelligence Figures who have come out publicly and who have given us permission to give the public their testimony, their names, their DD-214s, the whole nine yards.
	And to the extent that we can ethically share that information, it is all out there.
	And it's actually more information than most people bother to look at.
	There's a four-hour DVD of all these officers and officials speaking, some of them corporate, but mostly military.
	And I think that what people have to understand is that It's almost so much information that we put together at DisclosureProject.org that most people haven't even comprehended 10% of it.
	And if they take the time to look at it, they'll see that there's plenty of information there.
	For example, in the book that we put out a couple years ago called Disclosure, there's a secret document that's from the Air Force that actually lists Specifically, the project code numbers and names as of the early 1990s.
	It's in there.
	I mean, it's not my fault if people don't read.
	That's quite true, and it really has to be said that it's easy to sit back and say, okay, come on, we need names, we need places, we need to know when, and the specifics, and we want to know all about you, in other words, the person releasing the information, and that's easy to sit back and scream for, like I scream, but if you were in the position of having to give out all of your personal data, To give some credibility to a sighting you had or something that occurred, you might think ten times before you did it, because that could well be the end of your career.
	You'd have people laughing at you.
	It's not an easy chore to ask somebody to do, is it?
	Well, not only that, but we're pushing the envelope very far.
	If you look at what happened a year ago with the French Space Agency releasing 100,000 pages of previously classified documents, I mean, we've been working behind the scenes to get A coalition of people around the world, not just in the United States, but I think more importantly within the European Union and other countries who are now decisively calling for disclosure.
	And in fact, at this United Nations meeting, this was very much discussed only to have some of the U.S.
	interests come in and try to use nothing, I have to just say what they are, scare tactics to try to get these other governments to slow down the pace of disclosure.
	By the way, it's been misrepresented that there's a planned event per se in 2012 or 2013.
	There is discussion of that, but what's actually happening is there's active discussion within the senior reaches of some of the G7 countries to initiate open contact and disclose that information sooner rather than later.
	Really?
	Yes.
	I've been hearing rumors.
	No, this is not a rumor.
	I've been in direct contact with the Ministry of Defense of these governments.
	Any idea of the timetable involved?
	We wanted to do it this past summer, but there was some arm-twisting from the U.S.
	side and from the Bush administration, and it has slowed the pace of it down, but it's still going forward.
	We do have very senior officials who have actually asked us to help facilitate, within these other more supportive governments, This is an active discussion.
	I mean, I have to tell you, what I'm sharing with you is about as far as I can take it, but I can tell you this, that this is all within the last few months.
	Defense, Air Force, and with their senior political and scientific leaders present.
	This is an active discussion.
	I mean, I have to tell you, what I'm sharing with you is about as far as I can take it,
	but I can tell you this, that this is all within the last few months.
	And so the UN meetings are really because there's growing interest in the fact that
	The public, now some 80% of Americans, think that the UFOs are real.
	The disclosure movement worldwide has had an enormous effect, both in the public opinion, but also behind the scenes.
	And what you see happening now is that there are other elements that are scrambling, trying to squeeze the lid back down on this thing.
	But I think they're not going to succeed.
	Well, we're supposed to be, you know, the land of the free and the brave and all that, and the most open nation in the world, but I have a feeling that when you're talking about ufology, we probably drag our feet and put up more smoke screens than almost any country in the world, but maybe you can reset me on that one.
	Well, the reason for that, I think you're correct, and the reason for it, and many of these other countries are quite disturbed by it, It's because the crown jewels of the technology behind what people call UFOs, the incorrect term by the way, they're either alien reproduction vehicles or they're extraterrestrial vehicles.
	They're not unidentified and they don't fly.
	That term was coined after they knew what they were.
	But suffice it to say, if you're sitting on the knowledge of how these objects function, And the disclosure of their existence would lead to also the disclosure of the science and physics behind it.
	This means the end of the $200 trillion oil business and a whole lot of other changes.
	And it wouldn't take a century for that to happen.
	We're talking within 15 to 20 years.
	So, I think that, you know, in the United States, because we are one-third of the world economic output, there is more concern About maintaining the status quo, even if we cook the atmosphere and have Mideast War number whatever over oil.
	And I think that this is one of the real problems of the continued secrecy, but it's a very, very dynamic situation that's changing.
	I think it's changing in the favor of opening this whole matter up.
	Well, I can't think of any other reason other than that which you just stated for the United States, which in most cases is quite open about things, to be the most secretive and the most shut-down nation nearly in the world.
	I mean, we've got third-world countries that are coming out and just, you know, laying out what they've got.
	Well, you know, but I was recently meeting in Washington, where I have a home, with a colonel who's in the Air Force and he's very much involved with this high-tech end of what the Air Force does.
	And he's been following our work for many years.
	And he says, well, you know, I think that this information coming out would have a lot of implications.
	I said, well, of course.
	I mean, that's why it's been kept secret.
	I said, but that's also, you have to look at the implications of the secrecy, the unintended consequences.
	You know, the resource depletion, global warming, pollution, disparity between wealthy and poor nations.
	Uh, increasing dependency on foreign oil, increasing dependency of our national security plan on the whole Mideast mess.
	We're never going to extricate ourselves from these huge problems until we bring in viable alternative energy.
	And we just started a nonprofit research institute called the OrionProject.org Where we're putting together scientists to work under one roof to bring these things out, because we know it can be done.
	It's been done for a hundred years in classified projects or by people like Tesla and T-Townsend Brown.
	And the question is, why are we still burning oil and coal for our energy needs when we do not need them?
	It has to do with economic power.
	It has to do with geopolitical power.
	And it has to do with maintaining the status quo of things.
	Yes, but Doctor, the status quo has changed a bit and our country is in a lot of trouble right now because of the price of oil, because of a lot of other things.
	The price of oil is driving virtually everything.
	So, when you were talking about this years ago, I suppose people could kind of mentally brush it off and say, alternative energy, well, yeah, someday.
	You know, well, someday is today.
	It is today.
	I mean, the chickens really have come home to roost and we've overplayed, you know, you have to understand that The industrial era of using fossil fuels should have been from the mid-1800s to about 1910.
	And by then, we should have been bringing out these electromagnetic systems that extract energy from the quantum vacuum of space around us, which is completely attainable.
	And unfortunately, it didn't happen.
	J.P.
	Morgan didn't want to have it happen then, along with some of the Rockefellers.
	And today, you have other interests who do not want to see this happen.
	And yet, there's growing interest.
	I recently met with the head of a royal family in Europe, and we were discussing these alternative energies, and he honestly didn't know that within classified projects that these solutions existed.
	And I said, well, of course they do, but what are we going to do to put together a sort of a non-classified, peaceful Manhattan-style project To bring the best minds together.
	That's what the OrionProject.org is going to do.
	And he said, well, we need to work together on that.
	And this man is very dedicated to the energy crisis and the environment.
	And what I'm seeing around the world is that people are now awakening to the fact that the secrecy hand has been played for too long.
	And it's been overextended.
	And that even some of the secret orders in Europe, the Masons, for example, within the European groups, have broken and want this information out.
	This has been said to me directly by people in Europe.
	So I think that the trend lines are in the favor of these transformative technologies and this information about the fact that we're not alone in the universe of all this coming out.
	But there are other interests, obviously, that don't want to see that happen.
	You know, if it costs you two or three dollars a barrel to pull the oil out of the Sands of Arabia and you can sell it for a hundred, That's a pretty sweet deal.
	It sure is.
	Doctor, I know that for years you've been chasing alternative energy devices and I know you've had some great hopes and then you've had them dashed and I don't know where you are right now and what you've actually found.
	Perhaps you could fill us in on that.
	Is there really a device out there?
	Does it really work?
	Does it stand up to scrutiny?
	Is there something like that out there now?
	Well, there are certainly those devices within classified projects, and there are a few promising developments within the regular civilian world.
	But here's the problem.
	We've described this problem at theorionproject.org, where we talk about the fact that there are multiple scientists that we've identified.
	I mean, there are a lot of quacks and nonsense out there.
	There's some really good people, and we're asking those good people to get hold of us, to get together, in a consortium to put together one of these systems, and I'm certain that they can do it.
	The problem is no one scientist can do it.
	You've got to have a team of people, because it's a multidisciplinary requirement to really create something that's going to run your home or your car.
	That's right.
	Dr. Holder there, we're at a break point.
	My guest is Dr. Stephen Greer, and he's been on the search for the holy grail of energy for a long time.
	Jerry sends a fast blast.
	Says, alright, the amazing thing, with all our progress, all of our knowledge, all of our science, we're still throwing another log on the fire for energy.
	And he's right.
	My guest is Dr. Stephen Greer.
	He said he's Stephen Greer, and he'll be right back.
	Doctor, just for my own information, have you actually studied, laid hands on, seen for yourself, been satisfied, you know, yourself, that some device out there is able to take advantage of whatever, zero point energy or whatever you want to call it, and generate for us cheap energy?
	Absolutely, and not only that, but I've been in a laboratory out in the Mountain West Where there's a team there that have several of these systems, but they don't want to let them out to the public.
	They're afraid of being assassinated.
	I'm trying to encourage them to step forward.
	I do not believe at this point that that kind of force is going to be used because there are too many people in our network who are enormously powerful, by the way, who want to see that happen.
	And I think that what we have to do is reach a critical mass where the public begins to Demand these real energy solutions, just like they did disclosure.
	Because, you know, when we did the Disclosure Project news conference in 2001, everyone thought, oh, what effect will it have?
	Well, now they're Disclosure Project movements all over the world.
	You have governments moving forward and accelerating.
	And I think that if the people lead, the leaders will follow.
	Moreover, No one got hurt doing this.
	Not a single one of our military insiders who were named, by the way, for all the people who don't think there are people named out there, go read the material.
	None of them even got threatened.
	I think we're at the point now where there's a window open.
	And I advise we move through it expeditiously.
	Now.
	Or that window could close.
	And I think that we need to organize an effort to create, just like for disclosure of the reality of the UFO matter, Disclosure of these technologies, but to build them up to where they're robust enough, as Dr. Bearden has said, so that you can run your home, you know, putting out 10 or 20 kilowatts of power.
	And that's what we need.
	Now, you're not going to get there with a few thousand dollars, but you can get there with a small, a relatively small amount of foundation funding.
	But the question is, who's going to do it?
	We've found the guys who will do it with us if we can find the public to support it.
	And that's where we are right now.
	It's your view, Doctor, that alien presence on Earth is not being revealed, not because they're afraid of telling us about the fact that there are others here, but they're afraid of telling us about how they got here, what they used to get here, that we could be using now.
	Yes, and I think there's also something else going on.
	Not only do the technologies have enormous implications for the geopolitical elite, shall we call them, but I think that also there's been a long-term plan that was hatched in the 50s that Eisenhower lost control of, quite frankly.
	And I have had confirmed to me by the Ministry of Defense of a foreign government that Eisenhower did have a meeting with extraterrestrial life forms in 1954.
	Near what's now Edwards Air Force Base, Muroc, California.
	Now, what has happened in the interval is that people who would like to scare the bejeebies out of people about this issue have succeeded in doing so to such an extent that now there's concern that there would be some degree of fear engendered by this disclosure.
	And I think this has been done by people who would like to create a space force rather than just an air force.
	So that they can move conflict off of Earth into space and create a multi-trillion dollar revenue stream for the revolving door of military industrial contractors under the false fears of alien invasion or what have you.
	And I think this is the kind of nonsense that we have to be very careful about.
	And frankly, I think the only thing worse than secrecy would be this type of disclosure.
	And I think we have to be very wise about how we discuss these things and not to go around running, you know, the sky is falling like chickens with their heads cut off.
	Unfortunately, too much of ufology does that, and it plays straight into the hands of those who would like to militarize the relationship more than it already has been.
	And unfortunately, calmer heads, I remember meeting with Senator Claiborne Pell about this.
	And he was chairman of the Foreign Relations Committee.
	And I said, sir, you've been deprived of dealing with the ultimate foreign relations issue.
	And I pointed to the stars above our head.
	We were out on a patio.
	And he looked at me and he said, well, Dr. Greer, I'm afraid you might be right.
	I said, well, we are.
	I said, this is really crying shame.
	And here was a man who was sort of epitomized noblesse oblige and was a wonderful man.
	And would have dealt with this issue properly.
	But he told me, he says, I've been in the Congress since, I don't know, the 50s, early 60s.
	And he said, I've never been able to get a straight answer on this.
	Will you come and brief my staff?
	I said, well, sure, anytime you want.
	But the tragedy is, there are really good people on this planet.
	Most people are good people.
	But unfortunately, the secrecy is driven by two things.
	Wanting to amass a lot of secret power, and information and knowledge is power, make no mistake about it.
	And also to keep the status quo of the world economic and petrodollar system going, which, I mean, there's no way you can disclose the fact that we've studied interstellar vehicles for 60 years and not have it come out that we've figured out some of the physics behind it.
	I mean, it just doesn't follow.
	And the implications of that are, of course, obviously enormous.
	But, as I point out, I think that the implications of continuing the secrecy, as we're beginning to feel the pain of $100 a barrel oil and a collapsing U.S.
	dollar, I think the implications of continuing the secrecy far are greater than any downside to it being disclosed.
	No, I should say.
	Doctor, are we shooting at extraterrestrial craft?
	What is our military stance right now?
	Yes, there is a classified illegal rogue segment out of the control of most folks who are at the level of the Joint Chiefs of Staff.
	I say this with some authority since I personally briefed Admiral Tom Wilson, who at the time was J2, in charge of intelligence for the Joint Chiefs of Staff.
	And I gave him the project code numbers and names.
	That are in the document that's in our book, Disclosure, which anyone who can read the King's English and now French and a few other languages can see.
	And this man said, you know, I have no access to those projects.
	And he says, but I now know they exist.
	And the reason he knew is that he had looked into one of these project code named entities and got hold of them, found it.
	And he said to me, And his folks were very clear on this, his senior staff, that the Admiral, when he tried to get, quote, read into or briefed on those projects, was told, sir, we're not going to tell you.
	This, to the head of Intelligence Joint Staff, J2.
	Now, what happens, of course, when something like that occurs, is that it sends a chill through the system.
	I mean, this man was very disturbed, obviously, as was CIA Director Woolsey when we met with him.
	But I think that what you find is that there is a secret space program that has been using really advanced electromagnetic and other type of weapons to target and attempt to down these extraterrestrial vehicles.
	The success rate isn't very high, but it's, by success I mean a hit.
	That's a terrible use of the word success, but in terms of a successful targeting and launch on a hit.
	But it has occurred, and it's happened more than just a few times, and it's a great tragedy, and it's enormously dangerous.
	I'll never forget when Boutros Boutros-Ghali was the Secretary General of the United Nations.
	I was with his wife, Alia, and Mrs. Boutros-Ghali and I were talking about this, and she looked at me, and she says, do you mean to say that you have people that you're speaking with who have been involved in operations targeting and destroying extraterrestrial visitors?
	I said, yes, absolutely.
	And she just turned pale.
	And she's Egyptian.
	And she was just stunned.
	And I said, this is the kind of nonsense that gets out of hand when no one's minding the store, or when the foxes are guarding the hen house, more specifically.
	And I think this is really a risk to our world security, but also to our national security in the United States.
	Our team was out at Mount Shasta, up at the Oregon-California border.
	We were doing an expedition out under the stars for about a week, a couple years ago, and we had an ET vehicle that appeared between us and the volcano, between us and Mount Shasta.
	And we were signaling to it, and we had about 40 people there.
	About that time, a very high-altitude aircraft came in, and some type of electromagnetic weapon was fired.
	It came down and went slammed into the woods about 200 or 300 yards in front of us.
	And you could hear it actually impacting the ground in this attempt.
	And everyone there heard it.
	There were 40 witnesses to this.
	And we witnessed with our own eyes a Star Wars type attempt to hit this object, which didn't succeed because it dematerialized before that energy field could hit.
	But we all felt the impact.
	It literally shook the ground all the way under our feet.
	Wow.
	And this is the sort of thing that we're advising should be gotten control of and stopped.
	The problem is, is that as the Admiral told me, he says, well, how am I going to stop this?
	He says, you're telling me that they have alien reproduction vehicles, things that look like flying saucers, they can do circles around my B-2 stealth bombers.
	I said, yes, sir.
	He says, then what am I going to do?
	I said, you have to penetrate those projects and get control of them and to advise your civilian Leaders that you take orders from to do likewise.
	Now, unfortunately, that hasn't happened yet, but we're seeing a move, a trend towards that happening.
	And I can say that in Europe, where they are much more restrained about this kind of activity, they're not happy that there are these elements that have gotten out of control using very advanced weapons systems to target extraterrestrial vehicles.
	Well, that sends kind of a wrong message to whoever is visiting us, and it is potentially very dangerous, because if we begin to have success, if we actually shoot some of them down, or have shot some of them down, that's usually considered, when it happens to us, an act of war.
	Well, yes, except you're dealing with civilizations that, by virtue of the fact that they've achieved interstellar travel and communication, The technologies are so advanced, and I believe socially, perhaps even spiritually and politically, they're advanced enough that they're not given to that kind of retaliation.
	If they were, I had a meeting with Colonel Canola.
	People want names?
	I'll share them.
	At Wright-Patterson Air Force Base, where the original Roswell remains were sent, or some of the remains.
	And, you know, he brought this issue up, and I said, If these visitors were hostile, given the stupid things we have been doing, we wouldn't be having this conversation.
	The planet would be a cinder floating through space.
	I said the fact that they have been this restrained in the face of so much silliness on the human part is enormous testimony to the fact that, at a minimum, they're neutral.
	But in all likelihood, they're really just simply waiting for us to grow up a little bit.
	Well, to most of us, even with rules of engagement as tight as you can imagine, usually self-defense is included in your options.
	Well, they have done things such as that.
	I had a Defense Intelligence Agency witness who's in the Disclosure, if you go to DisclosureProject.org, in fact I think his testimony is up there, who had brought this up.
	And he discovered that some of our birds, our satellites, were pointed out into space and not towards the I've heard that, yes.
	Well, this is one of the witnesses to that, and he saw some of the images they had taken of these extraterrestrial vehicles.
	But when he brought this issue up, he also discovered that we were using them to also target these objects, but that when we were doing so, often our birds were shut down, that our ability to target was simply electromagnetically turned off by the ETs, because they were trying to protect themselves from that kind of targeting activity.
	So there has been some back and forth on that.
	I don't think they're just totally out there pacifist at all.
	But at the same time, obviously, they're not given to retaliation the way we would think of it.
	I mean, certainly if Iran, or any other country took out any of our planes or ships or what have you, There would have been serious repercussions by the United States.
	You're not seeing that with these visitors, even though we know that this has happened.
	One of the events that happened, if you look at the testimony that we have gotten, was at the Peruvian-Bolivian border back in, I believe it was the early 90s, where one of these weapon systems targeted an ET vehicle that was shaped like an egg.
	It looked like, it wasn't that large of an object, maybe 15 or 20 feet.
	And it did hit it, and it went down.
	And one of the men, who was a Marine, who was on a rapid response team, was taken there and was one of the first people there to see it.
	And he did see the craft, and it had crashed on a hillside in a very remote area, very difficult to get to.
	But that operation was eventually taken over by a very clandestine group that was international in nature, I might point out, not just U.S.
	And the retrieval did occur.
	And we know this has happened at other places.
	So, I think it's very important.
	One of the reasons I've always said that disclosure is important is that the people and the people's representatives, and those who would perhaps have calmer heads on this matter, would be able to supervise this sort of engagement and contact.
	And right now, it's just a completely out-of-control system.
	Okay.
	Seasteady has had contact with extraterrestrials.
	Is that correct?
	Yes.
	At csteady.org, you'll see the kind of accounts and experiences we've had.
	Some of them are not always what people expect.
	Obviously, we've seen and have imaged craft and objects and spheres and what have you.
	We've also had some very unusual electromagnetic signals come right into our site in very remote
	areas where there's no source of electromagnetic radiation at all.
	We've recorded it.
	ago, one of my assistants may have sent that to you.
	Well, it says something here about recent Sea City trainings and some tones that you sent that, I guess, began contact?
	Yes?
	Yes, and they were.
	In fact, one of them, the one at Mount Shasta, what was interesting about that tone, although when you just hear a recording of it, it's very difficult to get the dimensionality of it, everyone who was there saw a three-dimensional shape, even though nothing was visible with the eyes, but the sound evoked a shape.
	I don't know if that makes any sense to you, but it was a very unusual multi-dimensional tone that came in and wrapped all around the group.
	It was fascinating.
	And we did get a small recording of it.
	Doctor, do we know anything about the motives?
	In other words, obviously these visitors have the ability, if they wish to, to be very visible, as in the Phoenix Lights or any number of other sightings.
	Very visible.
	But most times, more times than not, they choose not to be.
	It's hard to discern their motives and the way they operate.
	Well, I think it's really not that hard to discern.
	I think most of the time they tend to be very not visible because since the 1950s to today, in the last 50 some years, our ability to target them when they have come out of the, what I call, superluminal phase, when they're resonating beyond the speed of light and come into linear three-dimensional space-time, Our ability to track that and target them has gone up exponentially since even the 1990s.
	And so I think that that explains some of it.
	The other part of it is that I think that there are times when they're wanting to let it be known to see what the response of our society and media will be.
	Will we continue to lie about it or will we have Governor Fife Simonton come out and admit that he had lied about it and now that he did see it.
	And I think that they're sort of that's how they measure Whether we, as a people, are ready for further and more open contact.
	And I think really the ball is more in our court than theirs.
	I turned this whole discussion on its head.
	I really think that our lack of an intelligent, and I might say peaceful, civilian response to them is a lot of the reason why it seems so enigmatic.
	And our political leaders either have no information on it, or when they find out, As in the case of President Clinton, when we put the briefing materials together for Bill and Hillary, they didn't want to act on it because they were afraid.
	So I think that they're measuring this and then at times they want to see how the populace will react and how the media will react.
	So I think this is all being monitored.
	I don't think it's as hard to understand if you look at it from the perspective that, you know, they're not going to simply, you know, as Larry King asked me once, Why don't they land on the White House lawn?
	I said, well, you know, first of all, they'd be blown out of the sky.
	But secondly, that's not their place to do that.
	They've given us abundant evidence that they're here.
	And as I said, I have this insider has information on this meeting at the U.N.
	on February 12th and 13th and 14th.
	They said there were 30 nations represented there, and virtually all of them accepted that there was an extraterrestrial presence here around the planet already.
	This is explicitly stated.
	So the question is, though, who's responding on behalf of the people of planet Earth, and how are we responding?
	And I think that that is a more critical question than perhaps – and it may explain why most of the time they choose to be more discreet.
	All right.
	Of the various political candidates, a very quick answer.
	Which one, if elected, would be most likely to help with disclosure?
	A name.
	Barack Obama.
	We'll be right back.
	Good morning, everybody.
	Dr. Stephen Greer is my guest from C-City.
	And just as we rolled out of the last hour, I asked him which candidate running right now would be the best for disclosure.
	Without a moment's hesitation, he said Barack Obama.
	He happens to be my choice as well.
	I'm really a big Obama fan.
	And, you know, I said this last night briefly on the program, and I'd just like to let the audience know that, of course, there was a lot of agreement, but then there was also a lot of disagreement, and it was...
	That's the right word for it.
	It was intensely racial, which really I guess kind of shocked me and bothers me and I honestly didn't expect that.
	But I guess when people can use any name they want, it doesn't have to be their own name when they send a fast blast.
	And I guess when they can say whatever they want without fear of any repercussion, they just really let it go.
	And I'm telling you, the response that came that was negative was totally racial and bigoted beyond all belief.
	At any rate, we'll explore this with Dr. Greer in a moment.
	Dr. Greer, why Barack Obama?
	Well, it was a really quick answer.
	I think it's because, number one, the very best candidate who would have absolutely forced the disclosure issue was Dennis Kucinich.
	I know this is a perfect, absolute fact.
	The next, most likely, was John Edwards.
	John Edwards, one of his close friends, is a disclosure project senior military witness.
	But of course, they're out of the running.
	Barack Obama, because basically, he's not part of a big machine yet.
	But I have to say, the next most likely is probably John McCain, and the least likely is Hillary Clinton, simply because we know that they had a pass at it and didn't take it.
	But Barack Obama, is someone who is not particularly indebted to the corporate or financial interest, nor is he someone who's been in the system.
	Now, some would say, well, that means he's a bit naive.
	I would say it means that he's a bit fresh.
	So I'm not saying he would.
	And we frankly have not briefed him on this matter yet because it's premature.
	But I will say that he has more likelihood because of his lack of How can I use, shall I say, corruption or indebtedness to the big financial and corporate interests who want to continue to see this secret?
	Now, I have to say John McCain is a very courageous man.
	He's also someone who has called a lot of the pork barrel spending out and also has taken on some of the defense appropriations bills when there has been corruption.
	at Boeing or Lockheed or what have you.
	So he's rather independent and he's a very courageous man.
	I have had a conversation with one of his staffers about this issue.
	And so I wouldn't rule that out either.
	But of the three that are prospective future presidents for us,
	The least likely, I'm afraid, is probably Hillary Clinton.
	Okay.
	What about, if we leave aside for a moment extraterrestrial technology and power plants, of what we have in front of us right now, wind, biofuels, nuclear power, how should we be proceeding?
	Well, I think that we obviously have the ability to make our cars Much more efficient.
	I have a 2007 Prius.
	I routinely get 55 miles per gallon on it.
	So we can certainly do better.
	On the other hand, we also know that a lot of electricity can be generated from advanced photovoltaic, solar, and wind.
	But what's important to realize is that there have been breakthroughs in the past in solar
	that have generated significantly greater efficiencies that have been bought out by large
	chemical or energy companies and put on a black shelf.
	I'll give you another example.
	There was an article in the mainstream press in Israel in the Jerusalem Post, and it was
	called to my attention.
	I went there, and it was an article about a man who had developed creating a hydrogen
	system for vehicles from water and from other technologies.
	And he was offered, I believe it was $40 or $50 million by a large energy company, oil
	company, to buy it out and black shelve it.
	And he went out and talked about this in the media.
	Now most people, if they're offered $10 million or $50 million, are going to go whoopie and
	sell out.
	And that's happened over and over and over again.
	Luckily, our group, I don't care if someone offered me $100 billion, I wouldn't sell out
	from a breakthrough technology.
	But that has happened.
	But it's important to realize that it's going to be a combination of things, so we have
	to transition out of the fact that there's a billion or so cars on the road using oil.
	How are you going to transition out of those?
	Well, you can.
	I'm convinced that you can actually run a car on water if you electrolyze the water into hydrogen and oxygen and use very advanced physics and Tesla-type systems to break the water into hydrogen and oxygen and run an internal combustion engine.
	Uh, I think it has been done in the past.
	There's good evidence it has.
	Uh, but, uh, that would enable your cars to, of course, your modifications to the engine necessary.
	But there, so there are many things that can happen.
	And I think that they are, you know, way less advanced than an anti-gravity or extraterrestrial energy system.
	There's even a fellow in the Philippines that runs a car on water, he claims, and there have been a lot of stories about it.
	I haven't followed up on it.
	I'm not sure how he does it, but yes, these stories are all over the place.
	Well, Dan Meyer in Ohio back before he died in 1996 or 7, and, you know, I mean, there's very good evidence it's possible.
	And we're working with some people right now who are trying to update the electronics and do that.
	And we're cautiously optimistic that this team that we're working with will be able to achieve this.
	Because it's very important to understand that there's no real shortage of water if you understand that every home in America, the average home uses 400 gallons of water a day.
	If you took a few gallons of it, filtered it, you'd have enough energy to run your house and car.
	From just the shower, the gray water from your shower.
	So there are these sort of breakthroughs, but unfortunately, you know, last year there was about a hundred billion dollars that went into so-called alternative energy, wind, solar, biodiesel.
	And you know how much went into these really out-of-the-box systems?
	Zero.
	Nothing.
	And this is the tragedy, is that I don't think the real solution for six and a half billion people living on this planet is going to be in the long run wind, solar, and biodiesel
	and biofuels.
	It's going to be these other technologies.
	And unfortunately, they have been withering on the vine decade after decade for a lack of financial support
	because people simply cannot do the kind of engineering and research.
	I remind people that, you know, when Chrysler made the Dodge minivan from one box with four wheels to another box with four wheels, they spent something like two or three billion dollars to do that.
	I mean, the kind of money that goes into pharmaceutical research, I know this as a medical doctor, can run into the billions.
	You know, and we're talking about basic science research and energy research.
	And we're going to have to find a way to motivate the public.
	And that's what theorionproject.org is wanting to do, is to put the public in play through a non-profit foundation to support these really creative thinkers and engineers and scientists.
	And they're out there.
	And we've identified, over the last five years, we've identified the best people on this planet who understand these things.
	But how are we going to put them together, fund them, take care of them, and bring these things together?
	It can't be done with a few thousand dollars.
	It's going to have to be done with some serious institutional and public support, I believe.
	Doctor, a few years ago the Wall Street Journal ran an article indicating that if hemp were legalized for its various purposes and then taxed by the U.S.
	government, the U.S.
	government would realize about a half trillion dollars in tax revenue from it every year.
	Right.
	There's a lot of things that could change.
	You know, Greg Easterbrook in the New Republic, a very mainstream policy wonkish sort of journal that I fall asleep reading every night, talked a couple years ago about the fact that if we only had applied the technologies we have today to our cars that have not been fully applied, nothing esoteric, and had fuel economy standards that equal that of Europe, we would be importing zero Zero.
	Mid-East oil.
	None.
	Wow.
	That is a fact.
	And the question is, why aren't we doing that?
	Why aren't the big automakers doing it?
	Why are people fighting these fuel efficiency standards?
	It isn't that we can't do it.
	It's being blocked.
	Someone loves to make $100 a barrel on oil.
	Well, how much longer can they keep doing it and how much longer can the U.S.
	stand that happening?
	Well, I think not much longer.
	I think we are certainly headed for an economic and social and geopolitical catastrophe if
	we don't change course rather quickly.
	I've been saying this, as you know, for a number of years and have been pleading with
	our leaders to take action on this.
	They don't have any problem dumping $200 million or $300 million into the bridge to nowhere,
	but boy, we haven't been able to get any funding for these brilliant scientists and engineers,
	some of whom have sacrificed their life savings to do the research to get where they are.
	And I think that's going to have to change.
	And I don't think it's going to change from the big corporations and governments.
	I think it's you and me and John Q. Public and Susie Homemaker and the man on the street saying, I want to see this change and I'm going to support it.
	And that's why we created the Orion Project.
	Doctor, that should be now.
	I mean, back when oil was 20 or 30 bucks a barrel, everybody could yawn and we could talk about these things and it didn't motivate people.
	But now?
	Well, they did, John.
	And it was funny because when I first started talking about this with the Clinton administration and the CIA director, that was during the days when oil was like $12 a barrel.
	And we were like, who cares?
	Well, now it's $100.
	But the problem is that people – we have to think a little ahead of the curve here because if one of these systems optimally came out… Uh, say, in the next six months.
	Let's just fantasize.
	In six months, we got something, we're running a car on water, or we're running a house from the quantum vacuum zero-point energy field.
	It would take a good 20 years to really make a significant dent in the current infrastructure of coal-fired power plants and car engines that are running on gasoline and what have you.
	And so, you know, It's not as if someone's going to wave a magic wand and suddenly everyone's going to be using these new energy things.
	It's an enormous industrial retooling of our entire civilization.
	Very big undertaking.
	And it should have begun many decades ago.
	Now we're getting to, you know, one stroke before midnight.
	That's right.
	Sounds like a good jobs project to me.
	Yeah, and it would be a great jobs project.
	Obviously, you know, there's not that many people who benefit from the current oil sector.
	In reality, in terms of jobs and what have you.
	But this would create an enormous lift to the world economy.
	Imagine the areas of the world that are impoverished that could have, quote unquote, free energy, or almost free energy.
	And the kind of economic development, the world economic output would go from $30 trillion a year to $100 to $200 trillion a year.
	And this would be a tide that would lift all ships.
	The problem is power, literal power, energy, But also geopolitical power would be greatly decentralized.
	And really power would reside at the village level or at the city and town level, because you wouldn't need to be connected into the power grid.
	You wouldn't need to be connected into a thin line of super tankers coming out of the Persian Gulf.
	And this is a very, very different economic and world order we're talking about now, which is long overdue in my opinion.
	But those who are holding on to that kind of power, It was once a joke that what do powerful men want?
	More power.
	What do wealthy people want?
	More wealth.
	And I think it's sort of an obsession and an addiction that becomes really pathological, and it has now reached the point where our society is really straining under it.
	Oh, yes.
	And I wonder how much longer it can go on the way it is going on right now.
	It seems to me that we've reached critical mass with all of this.
	And, you know, obviously you've achieved a great deal with disclosure, because what percentage of American people now believe in these UFOs?
	Oh, it's upwards of around 80% now in many polls. 80%?
	So, and when we started out, it was 40 or so, and when we started out, this so-called MJ-12 group, or this committee that runs this, only a third of them supported what we were recommending.
	I've recently been told about 70% of them worldwide support this, although there's a very vicious and powerful rogue 30 or 35% who don't want to see it happen.
	But there's progress being made.
	My concern, as you've expressed, is, you know, time is not on our side, in my opinion, and I think that I left my medical career and $200,000 or $300,000 a year in income to be doing this madness, but it's because I believe in it deeply and I believe that we can do better than we've been doing.
	I honestly believe that we can create an amazing civilization on this planet that will go on for thousands of years and into space peacefully for thousands of years.
	But we're going to have to make some big changes pretty quickly.
	Well, what is the next step for you?
	I assume it has something to do with this Orion Project.
	It does.
	There are actually three big initiatives.
	One is that the Sea City Organization, which is the parent of the DisclosureProject.org, we are increasing the number of expeditions we're doing and training people to be ambassadors to the universe.
	We feel it's very important that everyone in their local area know the protocols for making contact and to know how to respond properly to an extraterrestrial vehicle.
	Should they see one by accident or should they wish to deliberately make contact?
	The second is the orionproject.org.
	The orionproject.org, which is a one-word website URL, that is an effort.
	We just formed it in the last month to empower People to say, we're going to support these new energy initiatives within the framework of a foundation, a non-profit 501c3 tax deductible foundation, so we can fund these inventors and researchers and physicists who have been struggling alone in their garages and basements and labs, some of them for decades.
	And we think it's very important that that change.
	You know, I've met with a lot of billionaires.
	I've met with a lot of government leaders.
	I don't see them wanting to step up to the plate.
	Uh, and people say, well, why don't they?
	You know, I mean, I was with a guy who has a whole fleet of private jets and what he blows out of his tailpipe, he could fund all this research forever.
	But he told me, he says, oh, it's too dangerous.
	If I put a large amount of money in, there might be people who would be very unhappy with me.
	And he told me this story, how this guy is a billionaire.
	And he told me, you know, He said, many years ago, I knew the head of General Motors in the late 1960s who told me they already had the energy and power plant so that none of the GM cars would ever use gasoline.
	They would be used on these new energy systems.
	And he felt it was time to bring them out.
	Two weeks later, this man was found dead.
	And this billionaire told me he was convinced he was killed, made to look like a suicide.
	I said, yes, but this is 2008, not 1968.
	Forty years is a long time.
	And we're finding that the people we're working with now are going forward without those kinds of nasty things happening.
	And the other thing that's important here is that if you get a billion people aware of a new energy breakthrough and you squeeze that toothpaste out of the tube very vigorously like we did with the Disclosure Project, they're just going to have to stand aside and let it happen.
	You know, seven years almost has passed since a lot of these men and women have courageously come forward into DisclosureProject.org and None of them even got a phone call saying, be quiet.
	Not one, Art.
	And you have to say, why?
	Why weren't they killed?
	Why weren't they threatened?
	It's because there are too many people who support this, and also too many governments around the world who are watching and are supportive.
	So it becomes very difficult to suppress that.
	And this is the power, I hate to say the power of the people, but the power of lots of people pulling together.
	It creates a zone of protection, a zone of security, And it creates the momentum we need to make that happen.
	So for me, the next big thing is to go from the disclosure of information and testimony and documents to the actual unveiling of these energy systems that can create a sustainable civilization on this planet that can abolish economic slavery.
	Because right now I think the world is really living under an antiquated system of economic slavery.
	And we certainly are beginning to face, along with the oil price and shortage, we're beginning to face some pretty serious environmental problems.
	I'm sure you keep a pretty close eye on what's going on.
	The North Pole melting and the calving beginning now.
	Now this is very serious.
	In the Antarctic there's beginning to be the calving of ice that is actually above water.
	This will begin to add ocean levels.
	So people are beginning to come awake on this issue as well.
	Well, I think that, you know, just in the last month it's been disclosed that part of the ice shelf in Antarctica, the size of Connecticut, is breaking off right now as you and I are speaking.
	That's right.
	But people aren't talking about something I think that's very critical here.
	And that is, what happens when you displace solid ice off the poles on a spinning top, the earth, that wobbles?
	That's what our seasons are.
	And that begins to get displaced as water, liquid water, around the ocean.
	Yes, you're going to have a rise in ocean levels, but the perturbation of the spinning of the Earth could be disrupted, and it could be disrupted suddenly.
	So I think people have to understand that there could be really far-reaching and sudden geophysical changes that could occur.
	And whether you believe it's coming from CO2 and fossil fuels and man-made, or from some other energy out there, the fact of the matter is Before we even worry about the worst environmental consequences, I think we need to think very seriously about the fact that Russia is now holding a gun to the entire European Union, holding them hostage for their gas supplies, and we're totally hostage to the Mideast oil supply.
	There are many who say it's already too late.
	Doctor, hold tight.
	We're at a break point.
	We'll be right back.
	This is Coast to Coast AM.
	Well, here I am.
	A moment ago, Dr. Stephen Greer said that he's got a whole set of protocols should you encounter an alien craft.
	And certainly many, many across the country, around the world, have encountered alien craft.
	It might be worth reviewing some of those protocols.
	In other words, what do you do if you see one of those things?
	We'll be right back.
	Dr. Greer, I know that in your CSETI trainings, you do go over the protocols of what's to be done if you actually encounter an alien craft, if you have a very close encounter, and right now you have the opportunity.
	You know, you're speaking to millions of people around the world, and you're speaking to a lot of people that will have Encounters.
	So, if we can do it, if it's something doable and, you know, in a segment here, I'd like to know, what are the protocols?
	What should a person do if they're suddenly confronted with something that, you know, virtually puts them into shock?
	Well, I think that the first thing you have to do is center yourself and get yourself out of shock.
	Fear is the mind killer.
	People do irrational things when they're afraid.
	One of the things that we train people to do, and a lot of people think this is rather esoteric, is to learn how to become very centered in a sort of meditative state so that they can then be grounded and be beyond the state of fear, but also so that they can then remote view the occupants of the craft and communicate with them.
	Now this is, we've just put together a whole series of meditation training programs that are at DisclosureProject.org to help people do that, because I think that's the key thing, is that what you do is wholly dependent on the state of consciousness you're in.
	If you're paralyzed with fear, you really aren't able to do anything constructive.
	Absolutely true.
	And so, the second thing to realize is that our main training program is to, and a lot of people are amazed when they hear this, is to join with four or five other people and practice these protocols that involve Laser systems, electromagnetic tones that we send out into space, but also very specific remote viewing training to make contact and actually vector or invite these ET visitors into your location.
	Now, most people say you're inviting them.
	I said, well, of course, this is the whole purpose of interplanetary diplomacy that we're trying to open up the awareness of.
	But if you just happen to see one, you know, I first coined the term Close Encounters of the Fifth Kind in 1990.
	And that's when humans signal to or invite these visitors to interact with them.
	And I found that there were, and Dr. Richard Haynes at NASA actually wrote a book called CE5 based on this concept,
	where we collected literally hundreds of cases all over the world where people saw one of these ET
	vehicles and rather than panicking,
	signaled to them with their car headlights or with something.
	And in many cases, they stopped and came over and signaled back.
	Now, a lot of people wouldn't want that to happen, but if you're ready for that,
	it's really quite a beautiful thing.
	Now, here's a caveat.
	If the object looks like it's man-made, meaning it's an alien reproduction vehicle,
	run like hell, because often those are part of a pseudo abduction squad.
	And what I mean by that is that there are these little creatures that look like aliens, that look like greys or reptiles or something, that we've been genetically farming and creating for many decades, that are on these things, that are under human control.
	And they have engaged people in things that are very frightening.
	So that's totally separate from an extraterrestrial encounter.
	A lot of people don't know that even exists, but there are whole books that have been written on this.
	There's one written by a helmet lamer called MeLab, Military Abductions, and I have personally interviewed...
	A number of military personnel who've been in the classified projects who have engaged in this kind of activity for its psychological warfare value to scare the hell out of people.
	Boy, that's asking an awful lot of people, Doctor.
	You know, when I had my triangle sighting... Oh yes, we signed the same.
	Those also, yeah, they're amazing.
	It's just...
	It stops you cold, you freeze, you're in shock, and, you know, I understand what you're saying, but that is really a lot to ask of somebody, unless they're trained ahead of time.
	And even then, you know, you say, well, if it looks as though it's man-made, how do you really know?
	Well, you don't know unless you know that there's the possibility, and then you have to be able to see enough detail of it, and then you also have to be able to sense, I believe, and remote view the occupant.
	You can actually see them.
	We were out in Arizona once where we had an ARV escorted by two F-16 jets.
	And it was absolutely a man-made device, not far from the Bradshaw Ranch there, where all kinds of weird stuff happens.
	But I think that, you know, this is a very, very in-depth discussion we're getting into here, but I think the key thing is to, if you want to do this, is to do it with a few other people and to learn how to enter into this state of what I call non-locality of consciousness.
	And what I mean by that is the state of awareness where the aware mind, the conscious mind, becomes a universal constant.
	And you can do this with other people.
	It's a very, very deep meditative state.
	You know, before I was a medical doctor, I was a meditation teacher.
	A lot of people don't know that.
	And I studied a lot of the Vedic teachings and Vedanta.
	And used to teach people Sanskrit, actually.
	Tutored them in Sanskrit.
	But what I have found is that if people can do that discipline and then engage the ET vehicles and the occupants with a group of a few other people, that they can have amazingly beautiful experiences.
	And, of course, we do this often with 20 to 40, even 50 people out in the desert or up on Mount Shasta or out in Colorado Desert or where have you.
	And people like that because there are other people with them.
	But if you are by yourself and if you feel like you can Engage on that level.
	Signal to them and invite them to come over in this spirit of wanting to open up a dialogue.
	Now, don't do that if you're not ready for it.
	One of the funny stories I tell about this, we were in England back in the 90s and we had a 100-foot diameter disc that appeared in the field with us.
	And there was a woman with me who was a PhD psychologist.
	She was just totally ready for this.
	And I asked her to get out one of our signaling systems And she says, why?
	I said, well, we want it to come closer.
	And she just said, are you kidding?
	And we had our magnetic compass was spinning counterclockwise with the craft.
	And we had all this electromagnetic energy all over around us and around the vehicle.
	And she fell apart like a $3 watch.
	And what I realized is that I had not, this was back in the day when I didn't realize people needed actually to go through some kind of Education and training programs that they were prepared to make contact like this and be calm and purposeful.
	And since then, of course, I learned the hard way that you can't just take people out and have an encounter like this, because some people intellectually, they may think they're ready.
	But boy, when the rubber meets the road, they go, oh, my God.
	And she actually flew back the next day to the United States, to Ohio, from England.
	And we never heard from her again.
	So anyway, poor thing.
	Yes, well, it is a rather natural human reaction.
	When you see something that is obviously not of this world, or at least in your experience, not of this world, you truly go into a kind of a state of shock.
	Well, some people do, but what's interesting, Art, is that there are a lot of people who do not.
	And in this study that we did, and that Dr. Haynes at NASA did, is that there were many, many people who actually, rather than just being paralyzed with fear, took some constructive action.
	And when they did, and we like to hear from people, by the way, if they want to contact us at ccity.org, many people have done this.
	And we all get ridiculed a lot.
	Oh, well, he's out there with a flashlight.
	We're actually out there with pretty high-powered lasers and electromagnetic systems and sensors and all kinds of cool stuff.
	But people have done it just with their headlights, and the craft will stop and come over and signal back, like in close encounters of the third kind.
	Those events really happen.
	And what it says when it happens, even if it's a simple binary signaling back and forth, is that they're willing to engage us if we're ready.
	And the question is, are we ready?
	Are we ready for that?
	And I think we need to make ourselves ready, because they're here, and I don't think they're going anywhere.
	And I think we need to find a way to be purposeful, calm, peaceful, courageous, and make some kind of open dialogue with these visitors, rather than running around terrified.
	And I think that happens best if we do it together.
	You know, there's an old saying, God loves those who work together.
	working groups. I think that there's a real sense of security and a real sense
	of purpose if you can do this with a team, a contact team, rather than by
	yourself. And that's what we train people to do and there are literally hundreds
	of these all over the world now doing this.
	Well you know how Dr. David Jacobs feels.
	He takes an opposite tack to yours, and he's not at all so convinced that they are our friends.
	Now, certainly you've heard many stories of people who have been abducted and have not had particularly pleasant experiences, Doctor, and Dr. Jacobs has looked into that side of it and feels, look, caution, these are not all our friends.
	How do you react to his work?
	Well, I don't comment on personalities, number one.
	No, his work.
	I think that it is very poorly organized in the sense that, as I spoke to someone who worked with him and with one of the other well-known abduction researchers, and he was very intimately involved in the work, and he says, we know that a number of these people that are in these books actually have had contact with a MiLab, a military abduction that was human, staged to look alien.
	And this is well-known within those circles, but it gets covered up.
	So there's a cover-up within the UFO subculture on this.
	And in fact, if you talk about it, you'll often get blacklisted and won't be allowed to talk about it.
	And yet, all the way back to Martin Cannon in the 80s, to Helmut Lammer in the 90s, this has been a very well-documented part of the phenomenon.
	So the question is, the first thing you have to ask is, what part of those experiences are actually extraterrestrial?
	What part of them are something else?
	Whether it be other dimensional or military or some sort of psychological warfare campaign.
	And then the question becomes, of the ones that are extraterrestrial, what was the purpose of the contact or the event?
	There may be reasons for it beyond what we can understand right now, but I am doubtful, very, very sincerely skeptical.
	That there's any intrinsic hostility about them.
	Because if that were the case, there'd be other ways for them to manifest that.
	And even the genetic experimentation that people talk about, there's a lot easier ways to do it.
	I mean, you can really clone an entire human being now from just a few cells if you know what you're doing.
	And it has been done, by the way, in classified projects.
	There's a lot of that.
	And so I think that a lot of the accounts don't really hold up to scrutiny, and I think that there's a lot of fear-mongering because it sells books, videos, and because it's a popular myth.
	I don't believe that there's any overt threat to people from these visitors.
	Now, one of the things that I point out to folks is that we've been doing this for 18 years all over the world, literally thousands and thousands of hours and many encounters Ranging all the way from conscious and mental electromagnetic to complete crap that are there.
	And at ccity.org, people can see a lot of it.
	Well, the question is, why haven't we been harmed?
	Why have none of us?
	You know, we have had thousands of people do this.
	So, you know, the question begins to be, what's going on here?
	There seems to be a sort of an unresolvable dichotomy.
	Because we haven't seen this kind of frightening thing happen.
	And I think that really, fear is something which is contagious and begins to take on a life of its own and is never constructive.
	I don't think anything ever really comes good from that kind of fear that gets created in discussing this issue.
	And I think, on the contrary, it really redounds to the benefit Of the militarists who would like to militarize the relationship.
	And I think we need to at least give open contact a chance before we go running around screaming the sky is falling.
	Do you feel there's any validity to this genetic experimental business?
	Well, I certainly know there are covert human programs that are doing that.
	Oh, no doubt.
	And I know that a lot of what, you know, people use about cattle mutilations.
	Well, I knew the guys who were staging that.
	You know, a lot of this has to do with cover stories for covert human activity, psychological warfare programs.
	It just isn't as simple as what's been presented, I believe.
	And I think that there are agendas piggybacking on the phenomenon, if I can use that concept.
	They're using the coattails of the actual extraterrestrial sightings and then creating the specter and a lot of disinformation out there.
	If you throw a few trillion dollars at these kind of projects and you think about the kind of electromagnetic systems and other technologies that have been developed since the 30s and 40s, it isn't hard to stage.
	In fact, I have a document from one of the Associated Institutes that are involved in covert, clandestine human abductions that are staged to look like they're alien that talks about the use of, quote, stagecraft.
	And it's a very interesting discussion in this document about this and you have to wonder how gullible are people not to realize that there could be an agenda as Wernher von Braun warned us about when he said that there would be an attempt to create a threat from outer space so that we could expand the entire machinery of conflict in the space and create a multi-trillion dollar business out of that.
	Would we do that?
	I'm sorry?
	I said, would we do that?
	We're doing it already.
	I mean, this is what people don't realize.
	There is an enormous...
	In the encounters that you've had, you say that you've used remote viewing as a way to discern the occupants and no doubt some of what they've had to think or say to you.
	And so you should have a pretty good idea of that $64 million question.
	Why they're here?
	Why are they here?
	What do they want?
	What's the purpose of these?
	Well, I think, number one, there is a guardian function over the Earth.
	They're very aware that we're in a time of great peril.
	And, let's face it, you know, any civilization that would go in one... You know, my grandmother, born in the late 1800s, lived to see her son, my uncle, design the lunar module that put the first man on the moon.
	I don't know if you know that.
	And then live to see thermonuclear weapons.
	So in one person's lifespan, we went from horse and buggies to putting a man on the moon and thermonuclear weapons.
	Obviously, this is of some great concern to some civilizations out there, and I don't think it's an irrelevant concern, because it's a very small step to go from that to being able to go out into space ourselves with these weapons.
	So I think there is a That's one.
	The second is that they know that we've reached this point in our evolution where we're going to have to learn to live together peacefully or we're going to go the way of the dinosaurs.
	And I think we're going to eventually, it's going to be tumultuous, but we're going to achieve world and universal peace and they're standing ready and preparing us to enter into an interplanetary society.
	That's what I think is really emerging.
	And that's a big part of why they're here.
	And the third reason is that if we do blow the system, let's say we go to DEFCON 5 and go into a full nuclear launch or a massive geophysical collapse, I'm quite convinced that they're going to intervene.
	And only then will you see an overt massive intervention to stabilize the Earth and society so we continue on.
	And so that, I think, is another function.
	I wonder why we are that valuable, in any sense, to them.
	In other words, if this little green and blue planet blows up, what effect does that have on them?
	Well, I think if you understand, you know, I'm actually at a conference right now in Santa Fe, New Mexico, with Rupert Sheldrake, who talks about morphogenic fields, sort of the 100th monkey effect, and how living systems, once they become activated, On the level of conscious intelligence, or if you will, the divine mind, that function or morphogenic field gets replicated at remote locations spontaneously through this morphogenic field resonance.
	And I think that what happens on Earth does affect other worlds and other dimensions.
	And the Earth itself is one of the great gems in the diadem of creation, I believe.
	And I think humanity, for all its problems, also has Great potential for love, and great potential for creativity, and great potential for beauty.
	And so, I don't think it's... I think that we're certainly not at the fulfillment of all that potential, but it's certainly seen and appreciated.
	And I think most humans see that.
	And that's the wellspring, I think, of hope that people see for the future, is that there Good and wonderful aspect of humanity.
	There's also a very dark side and, you know, sort of the middle kingdom.
	Well, of the three things you laid down, that they would be our guardians, I can buy, that they might intervene should we take that last awful step, I can buy, but that we're on the cusp of world peace, I don't know, Doctor.
	Looking around the world right now, it doesn't look a lot... Well, you remember, it's always darkest before the dawn, and if you understand quantum phase changes, Usually, you take a container of helium and cool it down close to absolute zero, it becomes what's called superfluid, and it takes about 1% of those molecules to become coherent, and then zap!
	The whole thing becomes magical and beautiful.
	I think we're at that point, but right before that moment of coherence is maximum chaos, maximum disorder, maximum And I think we're living exactly at that point of transformation.
	Well, that I can certainly buy.
	We'll be right back.
	We're taking a break.
	Here I am.
	My guest is Dr. Stephen Greer.
	Now, we're about to open the lines here, or are opening the lines right now, and I think it's worthy to note that Dr. Stephen Greer is an emergency room physician, and a well-credentialed one at that.
	Imagine what it must take for somebody who can knock down two and three hundred thousand dollars a year easily
	to turn away from all of that and to pursue disclosure to pursue energy
	Systems that would come with it and throw away a career That that most people would pursue avidly
	I mean it's just amazing to me that he's done this in his life and I think it gives him credibility with what he does.
	So if you have a question for him and all he's done and will do or might do, now would be the time.
	I'm Art Bell, this is Coast to Coast AM, we'll be right back with Dr. Greer.
	Dr. Greer, it is worth asking actually, I mean you had a spectacular career going and you turned away from that now how long ago I'm not sure, but what is it that actually made you do that?
	What really made me do it was realizing that the task at hand was too great for me to do part-time and I tell people now I have to view Earth and her six billion children as my patient.
	And it's the only way I can get up in the morning and keep going forward.
	I have enormous hope and trust in the future.
	I'm quite convinced we're going to make this transition and this transformation happen.
	And that on the other side of it, we're going to have an extraordinary period in human development and evolution.
	And I think that this whole question of our place in the universe The whole question of how we're living on the earth and how we can create a sustainable civilization with the sciences and technologies that have been suppressed and hidden from the public for way too long, that these are very important and that there are thousands of people who can take care of gunshot wounds and car wrecks and all the fun stuff I used to take care of.
	But I think that there aren't many people, given their time and attention to this in a really serious way, So I had to make a choice and I chose to go in this direction.
	And it was a difficult choice for me and my wife and children, everyone.
	There's a lot of sacrifice involved.
	But I don't regret it because I think that in the long run, that's what it's going to take.
	It's going to take a lot of people taking this seriously and, you know, walking the walk for a change.
	All right.
	Doctor, we have a number of people who would like to speak with you and we generally do that.
	So here we go.
	East of the Rockies, Donna in Texas.
	You're on with Dr. Greer.
	Hi, good morning to both of you.
	I just want to thank you for the work that both of y'all are doing, actually.
	My question is how to get involved, but I've got a story I'd like to share if I could.
	Sure.
	He was speaking earlier about being able to actually call aliens up by lights.
	And I know of a band that probably did that by accident.
	They have a laser light show, and invariably, every time they've had an outdoor venue, there has been a sparking.
	And the first time it happened, it was just absolutely amazing.
	It was about two hours after the show.
	Correct.
	And we do the same thing.
	We go up to the desert in Joshua Tree Wilderness, or where have you, and we use sometimes rather powerful lasers and other systems And those are detected.
	Some of them are seen as far as 100 miles out into space, actually.
	And they seem to be quite interested in that.
	One of the reasons, I think, is because they know that we develop lasers and a lot of other technologies by reverse engineering extraterrestrial systems that we were studying in the 30s and 40s and 50s.
	But I think that you should really gather with some people and learn how to sit and go in.
	It's not just about lights and electromagnetic signals that you can send out over radio frequencies, which we do, sort
	of the reverse of what SETI is doing.
	But you really have to understand the power of consciousness and that any civilization that's interstellar,
	all of their communication systems are phasing or resonating on the frequency of consciousness and thought.
	This gets into some really esoteric discussions, but it gets dismissed by people who don't understand the nature and the power of the non-local universal component of consciousness.
	And it's been very well established in a number of scientific studies that there is an effect in the material sphere from thought and consciousness that Dr. John at Princeton, who I spoke with about this at the Peer Lab, had pretty well established that and others have as well.
	And so what we're doing is actually using those skills and techniques through some protocols
	and meditation techniques we're doing to augment the lasers and the lights and the electromagnetic
	tones that we send out.
	And it really isn't difficult to do.
	And people have had just enormously interesting and wonderful experiences doing this.
	And we encourage people to do it because I think we the people need to become citizen
	diplomat ambassadors to these visitors because boy the United Nations has sure dropped the
	ball and so has our State Department.
	And Dr. Greer I was blessed with being able to interview Colonel Corso before he passed.
	I wonder how you reacted to what he said, which was amazing.
	What part of it?
	He said again and again that he was given the opportunity to bring out a number of these things, lasers and other things that eventually became back engineered, that he had kind of a drawer that he was given of things that were recovered at Roswell that were then sort of integrated, turned over to industry.
	Sure.
	You were aware of all that?
	Oh, I'm very aware of it.
	I know people who actually worked on them at Bell Labs and in other facilities.
	It's absolutely true.
	And it's interesting, DisclosureProject.org, we began to work last year, a couple years ago, with the Honorable Paul Hellyer, who had been Minister of Defense in Canada.
	And he had contacted a senior military figure in the United States and asked about this, specifically what you brought up.
	And they said, this man said, yes, all of that is true and more.
	And so, yes, we know that this is the case.
	What hasn't come out, unfortunately, although we have wonderful fiber optics and lasers and integrated circuits, we do not have the actual energy generation systems being used, and that's really what's been withheld that's caused the tragic consequences we see today.
	All right.
	West of the Rockies, it's Sheila in northern Arizona.
	Hi, Sheila.
	Hi, Art.
	Good to hear you again.
	Thank you.
	I came home the other night about 1130, and I have two, like, tall Italian Cypress next to the garage.
	And they always complain when I come in, so you can hear them make a noise, and I came through the garage door, and about the same time, I thought the birds were making noise again, but as it got louder, it, this sounds kind of dumb, but it sounded like two people on a tandem bicycle, an old rickety tandem bicycle with springs and clanks and bangs, and it got louder and louder and louder, and I could Once it got at the loudest point, it was like, I think, over my head.
	And I could actually feel it in my ears.
	And then I just kept going, and I just, you know, I could hear it as it went.
	And it was going quite fast.
	You know, it wasn't instantaneous or anything.
	And I just wondered if anybody else had ever heard anything like that.
	Not exactly like that, but I will tell you that last year we were at Josh's retreat.
	National Park, and we have a contact site there where we had seen about a 200-foot diameter disc go straight into the desert floor back in 1996, and we go there every year now.
	In fact, the public can come if they wish.
	We're training people, and I think we go there in November each year.
	But anyway, we were out there, and not exactly what you're describing, but there was a craft that came out of this plain, this desert area.
	It materialized about 15 feet over the group.
	Uh, out of thin air.
	And it made the strangest sound we had ever heard.
	There was about 30 people there and it went, weow, wow, wow, weow, wow, wow, weow, wow, weow, wow, weow.
	And then got to the other side of our circle and vanished.
	Literally.
	I mean, if I had stood on my chair and jumped up, I could have touched the underside of this thing.
	It happened very quickly, maybe over 10 seconds or something.
	But it was a very unusual sound once it was in our spatial dimension.
	And so other people have experienced the very unusual sounds like that as these objects have come over at close range.
	Did you see anything or was it just hearing it?
	Excuse me, you said you saw a craft, she's gone, disappear into the desert floor?
	Yes, this was mass witnessed.
	It came straight out of the zenith and it was a beautiful sort of teal blue green.
	And it was shaped like a Hershey's Kiss, to be honest with you.
	And it had a trailing sort of scintillating light behind it as it came down.
	It was flat on the bottom, then came up, and it came straight down.
	And it actually illuminated the entire desert floor.
	And we thought there was going to be this huge explosion and crash, but it actually merged into the earth and went into the earth.
	We later learned that that's where there was an underground extraterrestrial facility.
	And we have gone there every year since and have had some extraordinary experiences there as a team.
	What do you make out of the fact that these craft are described in every way imaginable?
	There are some similarities, triangles and so forth, but I mean we get every imaginable description of craft, and you would think that if it's one race, Or one race of beings, there'd be a lot of similarity in craft.
	Oh, I think there are thousands.
	I think there are literally thousands of civilizations that are working together in a project that involves Earth.
	And I think that some of them may only be a few thousand years ahead of us, but some of them, I'm convinced, are in a state of enormous enlightenment and are probably 10 to the 6th to 10 to the 7th years Millions of years ahead of us in evolution.
	I think that some encounters are actually us from the future, in a state of very advanced consciousness and a great development in spirituality, as well as technology.
	And I think some of them are actually us observing.
	So, when people say, where are the time travelers, you're saying they are here?
	Okay, Primo, I believe it is, in Fresno, California.
	You're on with Dr. Greer.
	Good morning, Art, and good morning, Dr. Greer.
	Good morning.
	Nice to talk to both of you.
	Thank you for your great work, both of you.
	You're welcome.
	I just want to make a couple of comments about Bashar.
	Are you familiar with Bashar?
	No, I am not.
	Okay, he's a multidimensional being who's been communicating through Daryl Anka for about 23 years.
	Who interactively, you can ask him questions.
	But the most interesting comment that he made is that 2008 is when people are actually talking about, you know, in preparation for contact.
	In 2010 in Arizona, there will be these triangular, remember the Phoenix Lights?
	Yes, I was there when it happened, actually.
	It happened right above me.
	Right.
	They are the beings called Shalaniya.
	They are related to Bashar's race, who are our genetic descendants.
	Our predecessors.
	Yeah.
	Right.
	OK.
	And he said that about 2033, there will be that massive contact.
	And by the way, in 2010, they will It will be a great opportunity for closer contact with us and they will be bringing gifts of technology for mankind.
	And the second comment is actually for your question, Art.
	Why are they here?
	What is important about Earth?
	What is so interesting about Earth?
	Now, the answer to that, because time is short here, People can just Google or go to YouTube and type in Almin, A-L-M-I-N-E.
	She's the one that's communicating with our mother goddess, the creator of all.
	Okay, alright.
	We appreciate the call, sir.
	I don't know how to react to something like that.
	I never do.
	Well, you know, first of all, we do know that there's going to be increasing likelihood of contact as for a specific date.
	I think time has a lot of plasticity to it.
	Let me just leave it at that.
	But we do know that, for example, I don't know if this quite was absorbed by the audience as I mentioned this, that there's a major G7 country that has asked me and CSETI to be the lead contact team to enable a landing to take place so that their head of state and leadership Can make open contact and then that would be rapidly disclosed through NATO and the Vatican and the European Union.
	Now, this Ministry of Defense document I have is stunning and someday when it will be released to the public will probably be one of the most important documents in the history of this subject.
	But what I see happening is that there are not only the people, the masses getting educated
	and preparing for this kind of contact, but so are a number of world leaders and governments.
	And this is – the pace of this is really accelerating in the last couple of years,
	and in particular in the last six to 12 months.
	So I think that it's likely that you'll see increasing events like this this year,
	next year, and in 2010 and onward.
	As for specific dates, I don't try to predict those, because I think there are too many
	variables to nail a specific date.
	Another interesting headline I saw on AOL earlier tonight was that, as of right now, the Muslims have outnumbered the Catholics, becoming the largest religion in the world.
	And I wonder how the various religions are prepared to deal with contact.
	Well, you know, it's interesting.
	I've actually had discussions with people at the Vatican, as you know, with Monsignor Balducci.
	Members of my team met with Ratzinger before he became Pope to discuss this matter.
	I didn't meet with him personally.
	And we've met with other, you know, Christian leaders, Jewish, and from various traditions.
	I really don't see, as well as Buddhists and the Dalai Lama, most mainstream I don't think the moderate Islamic societies would either.
	It was interesting, one of the comments that Monsignor Balducci made to me when we were there at the Vatican, he said, you know, what a terrible waste of space it would be if God left it to And I think that this is going to be pretty well accepted.
	all of his hopes only on humanity here on earth and that in his view of it was
	that that all of these life-forms and all of these intelligent species were
	all the children of God and I think that this is going to be pretty well accepted
	now of course they'll be sort of a lunatic fringe that will you know start
	screaming all kinds of apocalyptic things about it But I think most, and maybe that's 10 or 15 percent, and they're noisy.
	But I think most people will be able to understand that the universe is teeming with life.
	Why not?
	Intelligent life.
	And that it's sort of like a quantum holographic fractal, a quantum intelligent conscious hologram.
	That every human being has folded within us the entire universe.
	What a waste of space.
	Monsignor lifted that right from contact.
	In any way it would be.
	He's right.
	He's absolutely right.
	All right.
	To Montrose, New York.
	And Dan, you're on with Dr. Greer.
	Hi.
	Yes, Dr. Greer, I'm a fan of yours.
	I support the Disclosure Project 100%.
	By the way, I'll keep up the good work.
	I disagree with you a little bit.
	Tim Russert already asked the presidential candidates about the UFO matter when the Kucinich thing was unveiled there back in November.
	Sure.
	And Obama said something that would cause me not to vote for him at all.
	What was that?
	And that was, there's more important issues than UFOs.
	And I don't like the idea.
	What's that effect?
	And he said, I'm surprised you're asking these candidates this question.
	We have to focus on more important issues.
	I heard him say that, and I'd like to hear it again, but I don't want to hear it again.
	But you have to understand, he's saying that from the point of view of conventional wisdom, you know, the high-bound Ivy League mindset that, you know, if we don't know about it, it doesn't exist.
	He wasn't saying it from a point of view of informed knowledge.
	Believe me, if he becomes the President of the United States, his worldview is going to change very quickly.
	Just like, you know, Bill Clinton, who came out of the Ivies, Yale Law School, etc.
	and so forth.
	I'm sure at one point, if this had been asked him, he would have gone Pasha, and he has since.
	But when he was in the Oval Office, just like Jimmy Carter, he wanted to know.
	The question is, when they find out, what will they do?
	And that's the question.
	Who has the independence and the courage to actually fix the problem?
	I'm not saying he does, but I think he has a reasonable chance because he's not particularly beholden to the interests that want to keep... Hold it right there, doctor.
	We'll be right back.
	Good morning, everybody.
	I am Art Bell, and Dr. Stephen Greer is my guest.
	Turned away from emergency medicine and all the money connected with it a long time ago to pursue CSETI, and it's a very, very serious effort.
	So if you have a question, I hope it will be a serious one.
	We'll be right back.
	Well, as always, I'd like to remind everybody, if you'd like to email me, you may do so at a number of places.
	Artbell, A-R-T-B-E-L-L at A-O-L dot com, or perhaps better, Artbell at MindSpring dot com.
	That's A-R-T-B-E-L-L at MindSpring dot com.
	Dr. Greer, if you have anything you'd like to promote, now would be a good time.
	Well, I'd really like to make an appeal to the public, and that is Go to theorionproject.org and see what we're doing to find the solutions to energy and to the environmental crisis.
	And, you know, all of us are going to get a $600 check in May, courtesy of the IRS.
	And personally, you can go to Walmart and buy a bunch of imported Chinese junk, or you can make a tax-deductible donation so that we can support these researchers and inventors And pull them, some of them, out of the black world, into the white world, and bring these technologies forward.
	I think that if enough people do it, and we combine our resources, we can achieve this.
	I have a fellow physician, a medical doctor, an ER doctor, who lives very modestly, and she has pledged $250,000 of her own personal funds to help us do this.
	So we're hoping people will help this endeavor.
	Because it's a non-profit foundation, it's tax deductible.
	What we really want to see happen is can we put together a brain trust and support them in an engineering and research facility so that we can come out with these solutions.
	I think that if we get the support within 12 to 18 months, we'll have some really amazing breakthroughs.
	And I think that the time has come where we have got to do it.
	It's an investment in the future and it's a statement that we have of faith in the future.
	All right, and it's theorionproject.org.
	Correct.
	Very good.
	All right, back to the phones.
	Tommy in Seattle, you're on with Dr. Greer.
	Hello, Art.
	I'm so happy to hear your voice.
	I have two questions to ask Dr. Greer.
	Yes.
	One, I've been abducted four times.
	I had 30-odd visits by these five-foot-tall greys to my home as a tourist attraction.
	I've done one ambassador function for them so far.
	And my first question to you is, is what can I do as an abductee to promote disclosure?
	And my second question is, I'm a retired Boeing experimental flight test mechanic and wind tunnel model maker, and I have a small prototype model shop capability doing machining or advanced competent, advanced composite construction.
	And I want to volunteer my service And my question is, who do I contact?
	Well, that's great.
	Your last question, and we really do need that kind of help and that kind of skill.
	It's a wonderful skill that you have.
	And you should send me a note at theorionproject.org and let us know what your skills are and perhaps a resume so we could connect with you on that.
	Your first question, I think what you can do for disclosure, I'll cut very quickly to my insider source for this UN meeting that happened last month.
	And one of the things that was stated was that the result of these three days of meetings at the UN is that the governments are now due for a progressive release of information, and that if the pressure applied by the populations increase, the Western powers must start to reveal the reality of the alien presence on Earth.
	Now this is, I'm quoting from this person, What's interesting about that is that the reference to the people exerting pressure, and this is why we have to contact, I don't care if it's Barack Obama or your representative or your senator, and say, look, we know this is real.
	Look at the evidence at the DisclosureProject.org.
	DisclosureProject.org has an enormous amount of people who are government whistleblowers talking about this.
	And say, we are losing faith in the government by the fact that you're not responding to this demand.
	And actually, that's one of the things that was stated at this U.N.
	meeting, is that they see that the public, who now overwhelmingly accept that these E.T.
	visitors are real, they're losing faith in the government's continued denial.
	And that, whether it's Barack Obama or anyone else, if they just try to brush this thing off, When you've got almost 80% of the population who accept that this is a reality, they are simply going to lose credibility.
	But we have to exert that pressure, and that you can certainly do, because you are a constituent of somebody.
	I don't know where you live, but you certainly can exert that kind of pressure.
	And you will find that they will listen if you approach it in a very rational, In a scientific way, at least initially, and then you might bring in some of the more esoteric aspects of this.
	But you need to give them the facts, the evidence, the positive proof, the documents, the insider whistleblower testimony.
	And if you do that, you'll find that they'll take it quite seriously.
	All right.
	From Seattle comes Arthur with Dr. Greer.
	Hi.
	Hi, Mike.
	Good morning.
	I'm a big fan of the Disclosure Project.
	And my question to Dr. Greer is, do you believe that Earth is an intergalactic reality show, since entertainment would be one of the few things that would have any value?
	That's a very good question.
	You know, I have a friend who's a PhD Harvard psychologist who says, well, Earth is actually the intergalactic insane asylum.
	But he says, only half kidding.
	No, I think that it's not so much an entertainment, but it is a fascinating drama unfolding here.
	And I think there are a myriad civilization watching this unfold.
	And I, for one, am quite convinced that they know, because they can zip into the future as well and see, they know we're going to make this leap.
	And I have enormous, very clear vision that as crazy as things may seem right now on the Earth with all the problems We're going to make it through, and people should have hope and faith in the future, and that it's only going to happen, though, when enough of us get it, see the vision of a good future, and make it happen.
	But it is something that is being observed.
	I don't know that it's particularly entertaining in the way that we would think of it, but it's certainly fascinating to them.
	Well, I don't know.
	You might have a point.
	Yes, we might have a point.
	We do have entertainment value.
	Oh, yes.
	We're very funny, actually.
	The human aspect and human condition is quite hilarious.
	Alex in Toronto.
	Hello, you're on with Dr. Greer.
	Hi there.
	Just two quick questions.
	One, I heard about six months ago that your government put some $20 million or some odd dollars back into looking at coal fusion.
	So I wonder if you had a guess or heard of that.
	And my second comment or question is, I think his name is Dr. Eugene Malov, who was murdered.
	We're very good friends, yes.
	And I don't know if you believe in psychics, but Sylvia Brown says that he was murdered because of, you know, what he was trying to do.
	So if you had heard of those things and what your thoughts are, and I'll take my answers off the air.
	I have certainly heard those rumors.
	I mean, we knew him very well.
	We worked very closely together.
	We hosted him when we were doing briefings for the Senate Environment Committee on energy.
	He was a brilliant man, Dr. Mello.
	I don't know that his murder was connected to his work at all, and I have nothing to establish that it was.
	So the answer to that is that I really don't have any evidence that that's the case.
	As far as the monies going into Cold Fusion, I have not heard that.
	I do know that there is enormous growing interest in looking at these alternatives from very mainstream places of people I've been meeting with.
	They haven't yet stepped up to the plate.
	And I'm afraid we're running out of time.
	This is why I'm saying that I think that we're going to be sorry if we expect the bureaucracy of our government or the big corporate world to do this.
	I think we better do it ourselves.
	Well, I certainly agree with that.
	All right, let's go to Washington, D.C.
	and John.
	Hi, John.
	Hey, guys.
	Good morning.
	Good morning.
	I have this vision, or I don't know, it's just in my head.
	Is the energy source, the free energy source, is it magnetic in nature?
	I've got this thing where I've just heard an exabyte.
	Do you know about this?
	The digital storage that was created through the fiber optics?
	Well, there's certainly a strong magnetic component to these systems, the ones that deal with the magnetic flux field, as it's been called, or the quantum flux field.
	And the potential that's in the space, the room you're sitting in, It's estimated that every cubic centimeter of space has enough energy to run the Earth for a day if we could learn how to tap into it.
	And it does have to do with magnetic spin and magnetic effects.
	Now, I'm not a physicist, and I'll pretend I'm just a country doctor from Virginia, but I will tell you that there are certainly a lot of magnetic anomalies associated with these energy systems and also with the extraterrestrial vehicles.
	When we've had very close encounters, as I mentioned, we've even had our magnetic compasses demagnetized.
	In one case, up on Blanca Peak in Colorado, we had Magnetic North shift to 160 degrees off Magnetic North, and the compass stayed that way for over three weeks, and we have photographs of that.
	So, there's certainly a significant magnetic effect from these energy systems, and that is part of the secret.
	I think it was five or six years.
	Japan created a magnetic engine that will charge a battery.
	Oh yes, these things have come and gone for decades, and the problem is they keep coming and they keep going.
	Where have they gone to?
	Now I will tell you, I'm going to drop a little bombshell here at the end.
	There's a senior member of Congress who has a very good friend who used to be with the Department of Energy, and this person was at Oak Ridge Laboratories, the Oak Ridge facility in Tennessee, and went into an area where there were literally dozens and perhaps hundreds of these kinds of devices that had been confiscated and were placed there and were walked away.
	And I've heard the same account from other people from other facilities.
	So we know that they've existed.
	The problem is they keep getting absorbed into this sort of netherworld of secrecy or bought out by the big corporate.
	That's exactly why we need to change this dynamic and let the people fund and power this research and see that it gets out.
	Because I can tell you this, if we get our hands, if I get my hands on such a system, there's no power on earth that will stop us from disclosing it.
	They'll have to take me out feet first in a coffin.
	Before I will stand down from bringing this stuff out.
	There's no way that we'll be bought out or suppressed.
	And so, I think that that's what we have to do, and you're absolutely right.
	These inventions and breakthroughs have come and gone since the time of Nikola Tesla.
	You know, we have up on, if you go to theorionproject.org, you'll see there's a photograph of Nikola Tesla with this man, Stubblefield, who had an earth battery, where he was running his farm from this electromagnetic flux and resonant This was 1902.
	They took it to Congress to demonstrate it, and there's a photograph of them there with the Capitol behind them.
	But you know, Doctor, it's fair to say that never in Earth's history has it been more urgent that we begin to look hard at these things instead of chuckling at them.
	Oh, absolutely.
	It's a matter of our survival as a species, frankly.
	Okay.
	Evan in Pittsburgh, Pennsylvania, you're on with Dr. Greer.
	Hi, it's great to talk to you.
	You're a legend.
	I wanted to ask Dr. Greer if he had ever read Philip Corso's book, The Day After Roswell, and if he thought there was any validity to the claims that Colonel Corso talked about.
	I remember listening to your broadcast about it, and I was intrigued.
	I finally got around to reading it, and I wanted to know what he thought about that, and I'll take my answers off the air.
	Yes, absolutely.
	I mean, I know the book, but I know the family, and I've been at their home, of Colonel Corso, and I saw his papers that he never got published.
	He died before he could do so, that were, you know, a couple of feet high, that had amazing material in them.
	I was able to look through these.
	And so, yes, absolutely, I think he was, to the best he could recall, many years later, Relating the truth, and I think he was the real McCoy, and there may have been a few factual mistakes that were made in the course of transcribing his notes, but I think that by and large, what he was saying was completely correct.
	I, too, took it the same way, the real McCoy.
	Absolutely.
	International Line, Glenn, I don't know where you are, but you're on the air.
	Hi, how's it going?
	First time caller.
	Yes, sir, where are you?
	I'm in Toronto.
	Toronto, okay.
	And I think you guys, especially Dr. Gur here, is overlooking one extremely important reality is that there's a Creator who's in charge of all this stuff and He's got the whole thing in His hands and He's going to protect those who love Him and serve Him and acknowledge Him through His Word, the Bible, and there's nothing you can do or Well, actually, I don't overlook that at all.
	I'm not a particularly religious person, but I'm very spiritually minded, and I have no doubt that there's a Supreme Being, and I have no doubt that there's a continuation of life after death.
	And, personally, you know, I think that, yes, there is a larger picture here.
	That's not what we've been discussing, but I certainly write about it in my autobiography, Hidden Truths, Forbidden Knowledge, and my own experience when I was 17.
	I had a near-death experience, even though I was raised an atheist.
	And I found that, in fact, boy, it's a big cosmos out there, and there is a big guy.
	Well, there is.
	You know, there is.
	And I, too.
	I'm about where you are, Doctor, though I wasn't raised as an atheist.
	He was about to say, there's nothing we can do that God is going to take care of it all, and I would take exception to that.
	Oh, I take exception, too.
	You know, I think God works through us, and I think that You know, as Ben Rich said before he died of cancer, he was head of Lockheed Skunk Works, and he said to members of my team, he said, you know, there are all these wondrous technologies, and they're locked away in a black box at Lockheed Skunk Works, and it would take an act of God to get them out to benefit humanity before it's too late.
	And to that I say, we, collectively, have to be that act of God.
	Very quickly, Jimmy in Brooklyn, New York.
	Yes, I question, he said earlier that President Eisenhower met with and talked to ETs in 1954.
	I'm curious, any more information on that?
	Okay.
	Well, yes, I have a document that was sent to me by a foreign ministry of defense that describes this event and the tragedy of what happened in the aftermath.
	Basically, it was a meeting, there was a landed craft and extraterrestrial beings Eisenhower was there.
	He was in favor of disclosing that event and the presence of the public, but the people around him that were tied into the financial and corporate and contracting sector really said, you cannot do it.
	And I think he lived to regret it.
	And his swan song when he left office, Eisenhower said, beware the military-industrial complex and its excesses.
	Now, he was not anti-military, nor am I.
	But there are some very nefarious interests there that have tied this thing up.
	But it did happen.
	I have a very good reason.
	In fact, this was a first-hand account that was sent to me by a person who was with Eisenhower at this event, and it was sent to me not from any U.S.
	source, but from a foreign Ministry of Defense official.
	All right.
	Very quickly, maybe Gus in Canada is going to have time to ask a question.
	Gus?
	Hi.
	How much time do I have?
	Okay, Greer, I'll try to be quick.
	It's an honor to speak to both of you, Dr. Greer and Mr. Bell.
	Back in September, I was feeling bored.
	I spontaneously felt like my consciousness shot up towards the stars, and I experienced a download of information.
	I took the two key phrases, I did a Google search up at the University of Western Ontario, and they both came up as actual study signals.
	And then, that was at the exact same time I saw five different types of UFO All right, Gus, I'm sorry.
	We're utterly out of time.
	Nothing I can do about it.
	Dr. Greer, I want to thank you for being here this night, and it's a wonderful program.
	meet me but I walked away from them. Now I'm wondering, I don't know what I
	should do because they might have explained to me better what the nature
	of the information, what it's for. All right Gus, I'm sorry we're utterly out of
	time, nothing I can do about it. Dr. Greer, I want to thank you for being here this
	night and it's a wonderful program. We will do it again one day my friend. All
	right. You have a good night and remember folks it is the OrionProject.org.
	Good night, Doctor.
	That's it, folks.
	It's been a pleasure.
	It's always a pleasure to be here with you.

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