The following is an abridged version of a speech by former Canadian Deputy Prime Minister and Defence Minister Paul Hellyer at the International UFO Congress held in Arizona, USA, in February 2011. For more information: www.victoryfortheworld.net The world financial system is a total fraud. It is one gargantuan Ponzi scheme [in which banks] lend the same money to several people or institutions at the same time and collect interest on it from each. What the banks really lend, however, is their credit, and what they take back in compensation for that privilege is a debt that must be repaid with interest.… A world system where all the money is created as debt is a perpetual disaster in the making. It is like a giant balloon that the banks pump full of debt. The balloon gets larger and larger until the debt load becomes too heavy to carry, and then it is like a balloon with a pin stuck in it. The system crashes and thousands or sometimes millions of innocent people lose their jobs, homes, farms and businesses.… The long-term influence of the banking cartel is incalculable. Their biggest coup was the establishment of the Federal Reserve System in the United States. The big New York banks really didn't like the idea of genuine competition, so a small group held a secret meeting at the private resort of JP Morgan on Jekyll Island, off the coast of Georgia [in 1910]. Their scheme, devised by Paul M. Warburg, and subsequently adopted by Congress, is a legal private monopoly of the US money supply operated for the benefit of the few under the guise of protecting and promoting the public interest.… To put it bluntly, the Congress transferred its sovereign constitutional right to create money to the sole custody of a group of private bankers. The magnitude of the heist is unprecedented in the history of the world – the numbers now are in the high trillions.… Global warming While bank reform is the most urgent problem facing the world today, it is global warming that has equally or even greater long-term consequences. It is a total fraud to pretend that we have 30, 40 or 50 years to reduce greenhouse gas emissions.… Still the oil cartel is making plans as if nothing is going to change, and that we are going to be stuck with a fatal oil economy for decades until the damage is irreversible. It is too late to begin more offshore drilling. It is too late for new developments in the Alberta oil sands. It is too late for more noisy windmill farms. The transition must start now, with a 10-year deadline. Is that possible? Of course it's possible but only with the kind of mobilization essential to win a war for survival. One excuse for inaction has been the lack of money due to government deficits and debt. But that obstacle can be overcome in less than a year if governments and legislatures change the system and exercise their sovereign right to make what is physically possible financially possible. Heaven knows there are millions of unemployed workers worldwide waiting to rise to the challenge. The other major obstacle has been a lack of consensus on the form of clean energy to use to replace fossil fuels. And that brings me, finally, to the subject of the day, the extraterrestrial presence and technology. The extraterrestrial presence and technology It is a fraud for the US government to pretend that it is not interested in UFOs. In fact, it has been a matter of high and probably pre-eminent interest for decades. An early Canadian ufologist, Wilbert Smith, who was a senior employee at the Department of Transport, where I became minister not long after his retirement, wrote a top secret memorandum to the Controller of Communications dated 21 November 1950, asking permission to set up a group to study the geomagnetic aspects of UFOs' propulsion systems. As part of his memorandum Smith said that he had made discreet enquiries through the Canadian embassy staff in Washington where he obtained the following information. (a) The matter is the most highly classified subject in the United States government, rating higher even than the H-bomb. (b) Flying saucers exist. (c) Their modus operandi is unknown but concentrated effort is being made by a small group, headed by Doctor Vannevar Bush. (d) The entire matter is considered by the United States authorities to be of tremendous significance. So, Dr Vannevar Bush, one of America's pre-eminent scientists, and a team of experts he had assembled, were already working on back-engineering by 1950. (Back-engineering is the combined art and science of analyzing an object, in this case parts of a crashed vehicle, in order to determine its characteristics for possible replication or adaptation.) .… It is very difficult to imagine how much has been achieved in 60 years of back-engineering alien technology that was much more advanced than our own. There is no doubt that myriad scientists, technicians, and many of America's most advanced aircraft and weapons corporations must have achieved what would have been classified as miracles just a few years ago.… The area of discovery that is most relevant to this presentation is the question of exotic energy sources. Years ago it was reported that both zero point and cold fusion energy had been developed. These are energy sources that could facilitate the 10-year target date and not only revolutionalize the world for the better, but help preserve it as a happy habitat for Earthlings. In the unlikely event that these sources are not yet commercially viable, all we would have to do is ask one of the friendly species to help us and they would because they are deeply concerned about our stewardship. In the event that we are still treating them as enemy aliens, and doing our best to shoot them down, we would have to curb our lust of conflict and adopt an acceptable level of intergalactic civility. Better people The third essential change is for us as individuals. A just and peaceful world is not possible when it is riddled with graft, fraud and corruption of all kinds. Greed is king and mammon rules the world. Institutions have to change too. For centuries major religions have been selling their alleged superiority or exclusiveness at the point of a sword, leading to the deaths of thousands of innocents. The three Abrahamic religions, for example, all claim the inside route to paradise. Mathematically that is impossible. It is far more probable, mathematically, that they are all wrong and that the truth is larger and more inclusive. Ancient and modern history both suggest that there is no hope of a just and peaceful world unless all religions, and those with no religion, forget their differences and start working together to build the Kingdom of God on Earth. I define this as a world where every child can expect food to eat, clean water to drink, adequate clothing to wear, a roof overhead, access to medical support and enough education to be able to determine how best he or she can serve humankind positively, with dignity and self-fulfillment. What a wonderful world that would be! But it would require a 180-degree change in policies and priorities and a serious effort to apply the Golden Rule that all religions claim as a common thread.… An agenda for action The first and most urgent project is to clip the wings of the bankers and democratize the money-creation function. In the US the Federal Reserve System must be abolished and its alleged function of regulating the money supply be assumed by the federal government or an agency under its direct control. The most powerful and valuable tool in the economic arsenal must be available to the representatives of the people who can be held responsible for their success or failure. Some monetary reformers recommend that governments create 100 per cent of new money in a debt-free form, greenbacks or equivalent. In the interests of a fast and smooth transition I am suggesting that a ratio of 34 per cent government-created money to 66 per cent bank-created money would work satisfactorily. Banks would be required to maintain 34 per cent cash reserves against their deposits. The important thing is that governments must immediately create the large sums necessary to balance their budgets and get their economies running at maximum output again. I am talking about an infusion of perhaps US$10 trillion equivalent to start and more if needed to get economies up to speed and to reduce unemployment worldwide by at least half, with the creation of millions of new jobs. Is this likely to cause massive inflation, as the financial cartel will immediately allege, because it is one of its longest running and most successful bugbears? The answer to their phoney phonetics is a resounding "no." As any economist should know, it is the amount of money that is created that influences prices, and not who prints it. So as long as governments limit what economists call "the multiplier effect" there will be no problem. Certainly the present system has been inflationary. A 1950 US dollar is only worth 7.5 cents today. A common sense monetary system should produce better results than that. So there is no reason why the banking system should not be fundamentally reformed – at once! There are four other actions that I think we, the people of the world, should demand of our politicians. 1. A law must be passed at once to prohibit all politicians, candidates for political office and political parties from accepting money from any financial institution as well as make it a criminal offence for any such institution either directly or indirectly to offer it. 2. World leaders must adopt a ten-year time frame to reduce greenhouse emissions by 90 per cent. 3. That will only be possible if the US discloses its knowledge of the ET presence and technology, and what has been accomplished in 60 years of back-engineering. 4. The UN should declare 2012 the year of forgiveness and reconciliation – a new era of co-operation and (agape) love between races, tribes, religions, nations, and regions both global and intergalactic. We have so much to learn from our star visitors in many areas including medicine and food production. International finance versus the people of the world None of this vision of a just and peaceful world will be possible unless the all-pervasive power of the international banks has been broken … The internet is providing power to the people that they have never enjoyed before. The young people of the world, in concert with the thousands of their parents and others who care about the state of the world, can use the power of social networking to effect a miracle on their own behalf and that of succeeding generations. The valiant people of Tunisia and Egypt have shown the way by achieving what was believed to be impossible. We share their euphoria. At the same time they, and we, must acknowledge that it is only the beginning. Real freedom will only be possible when they have escaped from the tyranny of international banks, and Wall Street is no longer able to manipulate the price of their daily bread. A good start might be to distribute a million copies of this speech and translate it into a number of languages. Then the rising generation can bombard the barricades through their social networks. Regime change is not necessary except for leaders who refuse to see the light. But concerned citizens of the world should band together and rattle the cages of all federal politicians. Tell them bluntly that they must vigorously support the above agenda or face inevitable defeat at the next election. It is a simple message, but the only one they understand. At a press conference on 29 March 2001, announcing the US was backing out of the Kyoto Protocol, President George W.Bush said: "A friend is someone who tells you the truth." That is what I have been doing today. It is a message of global hope for every race, color, religion and nationality in the world and of peaceful relations with visitors from other realms.