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.

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.

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