The world economy would collapse if all UFO data was released, according to a lobbyist.

Stephen Bassett, a lobbyist in Washington and head of Paradigm Research Group (PRG), is confident that the US Government is secretly in possession of alien technology.

He also believes "UFO disclosure" would confirm the presence of extraterrestrials on Earth.

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Bassett set PRG up in 1996 "to advocate in all ways possible for an end to a government imposed truth embargo of the facts surrounding an extraterrestrial presence engaging the human race", according to the group's website.

In May 2022, the US Congress held its first hearing about Unexplained Aerial Phenomena (UAPs) in over 50 years, which Bassett considered a significant moment.

Speaking at the House Intelligence Counterterrorism, Counterintelligence, and Counterproliferation Subcommittee, top Pentagon intelligence officials opened up about a number of incidents for which they had no explanation.

Yet for Bassett the hearing did not go far enough, and he has pledged to continue his pursuit of other UFO secrets the US government may be holding.

He wants full "Disclosure". He said: "The President of the United States will publicly confirm the extraterrestrial presence is in fact real – [that] we are not alone in the universe."

Unfortunately for Bassett, he reckons he knows what is blocking that from occurring.

According to the PRG, so-called "flying saucers" don't use the conventional fuels that drive our economy – oil, petrol, gas and coal – hence releasing this information would impact global financial networks

"They have a different energy system. Without a doubt, a much more complex and deep system based on anti-gravity," he said.

"Some programs have been removed from the jurisdiction of the White House and Congress and are working somewhere very, very deep, in a ‘hidden mode’.

"I assure you, when the head of state finally officially admits this fact and presents evidence, people will start to worry and want to know more."

But, even if this information was released and did start to impact the global economy, Bassett believes the economy would then have new opportunities for development.

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