The Caretaker goes on to give Reagan a history of presidential involvement and some of the programs involved over the decades dealing with the UFO-ET situation.

“As to some history. The original project, started back in 1947, was called ‘Project GLEEM.’ This project contained volumes of documented information collected from the beginning of our investigation of UFOs and Identified Alien Craft, or ‘IAC.’"

“The project was originally established in the early '50s by, first President Truman and then by order of President Eisenhower, under control of the National Security Council. President Truman established a group of people to handle this project. The group was called Majority 12 or ‘MJ-12.’"

“In 1966, the project's name was changed to ‘Aquarius.’ The project was funded by confidential funds appropriated within the intelligence community's budget. The recovery of these alien spacecraft led the United States on an extensive investigative program to determine whether these aliens posed a direct threat to our national security.”

“As you might remember, Mr. President, our country openly investigated UFO sightings under projects Grudge, Sign and finally Blue Book.”

“The United States felt relatively sure the aliens' exploration of Earth was non-aggressive and non-hostile. It was also established that the aliens' presence did not directly threaten the security of the United States.”

“Secondly, the public was beginning to believe that UFOs were real. The NSC felt this public feeling could lead to a nationwide panic if we disclosed everything we knew about UFOs and alien visitation.”

“When the Air Force officially closed ‘Blue Book’ in December 1969, Project Aquarius continued operation under control of NSC/MJ-12. The NSC felt investigation of UFO sightings and incidents had to continue in secrecy without any public knowledge.”

“The reasoning behind the decision was this: If the Air Force continued its investigation of UFOs, eventually some non-cleared and non-briefed Air Force or DOD civilian officials would obtain the facts behind Project Aquarius.”

“Obviously, for operational security reasons, this could not be allowed. In order to continue the investigation of UFO sightings and incidents in secrecy, investigators from CIA/DCE and MJ-12 were assigned to military investigative units with orders to investigate all legitimate UFO/IAC sightings and incidents.”

“These agents are presently operating at various locations throughout the U.S. and Canada. All reports are filtered either directly or indirectly to MJ-12. These agents are collecting reports of UFO/IAC sightings and incidents occurring on or near sensitive governmental installations.”

Reagan suggests a break. And then the meeting resumes.

“In the 1976 MJ-12 report, it was estimated that the aliens' technology was many thousands of years ahead of ours. Our scientists speculated that until our technology develops to a level equal to the aliens, we cannot understand the large volume of scientific information we have gained from the aliens' craft. This advancement of our technology may take many hundreds of years.”

“ … Mr. President, time is very different on the Eben Planet, which, by the way, we call SERPO. Their day is approximately 40 hours. That is measured by the movement of their two suns. The solar system containing SERPO is a binary star system, or two suns, rather than one, like our solar system.”

GOOD GUYS AND BAD GUYS

Picking up on an implication within a statement from Casey, Reagan asks, “Are you telling me there are different races or species, as you said, visiting Earth at the same time?”

“Can you tell me how many different species have visited us?” Reagan asks.

The Caretaker states, “At least five.”

Reagan: “Are they all friendly?”

An advisor who is not named in the transcript reportedly says, “Mr. President, that is a very difficult question to answer. There are many parameters that we follow to evaluate the threat. However, we have little intelligence on four of the five.”

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