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From the High Desert book cover

From the High Desert

A Cultural History of Art Bell

Thumbnail for March 30, 2008: ET Contact and Energy - Steven Greer | Economic Meltdown Prediction - Michael Shedlock

March 30, 2008: ET Contact and Energy - Steven Greer | Economic Meltdown Prediction - Michael Shedlock

Mar 30, 2008
2h 36m
0:00 / 0:00
Art Bell opens with a discussion of the faltering U.S. economy, rising oil prices, and the weakening dollar before welcoming economic analyst Michael Shedlock. Shedlock warns that the recession will be longer and deeper than most expect, with housing needing at least four years to recover. He cautions listeners about mortgage rate reset scams from lenders like Citigroup and advises building a year of cash reserves while reducing investment risk.

In the second half, Dr. Steven M. Greer joins to discuss developments in extraterrestrial contact and government disclosure. He describes a recent United Nations gathering where 30 nations discussed the UFO phenomenon and reveals that senior officials within G7 countries are actively considering open contact disclosure. Greer addresses secret SETI signals, classified zero-point energy technology, and his ongoing efforts to bring alternative energy systems to the public.

The two segments present a striking contrast between terrestrial financial fragility and the suppressed technologies that Greer claims could transform the global energy economy. Callers contribute questions on gold, currency markets, and the credibility of UFO evidence throughout the night.

Key Moments

  1. Bush law lets borrowers walk away; SEC license to lie: Shedlock describes a 2007 law signed by Bush allowing non-recourse walkaways from underwater mortgages, plus a fresh SEC ruling letting banks ignore mark-to-market when prices reflect distress.

  2. Food-stamp depression already in Michigan and Ohio: Shedlock cites NYT data showing one in eight Michiganders, one in ten Ohioans and Illinoisans already on food stamps as the recession is just beginning.

  3. Survival advice: a year of cash, lighten risk: For the average employed homeowner getting scared, Shedlock's prescription is to live within means and stockpile a full year of living expenses in cash, even at low yields, before reducing market risk.

  4. Greer: G7 governments planning landing event: Greer claims direct contact with foreign Ministry of Defense officials planning a Close Encounters-style landing event with full military and political brass present, slowed only by Bush administration arm-twisting.

  5. Mount Shasta Star Wars-style attack on an ET craft: Greer recounts a CSETI expedition with 40 witnesses where a high-altitude aircraft fired an electromagnetic weapon that slammed into the woods 200-300 yards away after the ET vehicle dematerialized; he ties this to a rogue secret space program Admiral Tom Wilson could not access.