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Thanks for the ping—you probably have figured out my take on these things—variation on Vallee’s views:

(1) There are con artist frauds and government disinformation and brainwashing mixed in, but there is also a “there there”.
(2) The biggest scam of the “aliens” is the claim that they come from outer space and live “out there” among the planet and stars and galaxies.
(3) The “aliens” have a very simple secret—they live here, have lived here for thousands of years, and probably predate homo sapiens on this planet. In their view this is their planet and we are the aliens.
(4) They have high tech which includes consciousness tampering, playing games with time and shape-shifting so they can appear in whatever form they wish.
(5) They do not like nuclear weapons or environmental degradation because they live here.
(6) They have weaknesses that include a weak DNA line that needs replenishment for other sources (primarily human but perhaps cattle as well).
(7) As to government policy, it has been hamstrung by compartmentalization and secrecy—and as a result when an “expert” dies a lot of the “secrets” can die with them.
(8) There is no unified US or other government “policy” on this stuff nor is there any group with the authority to determine such a policy. Governments are “muddling through”, kicking the can down the road, and have no clue how to deal with this stuff.
(9) We are not reverse engineering the aliens stuff—they are altering our stuff. This means that alien artifacts that will be found will have common terran compounds and alloys.
They have figured out how to use these normal materials to accomplish their ends—no need for exotic elements.
(10) The “true alien” shape is the tall whites with smaller greys as a servant (part biological, part tech) class. There may some “lesser” alien types that pass as elves or gnomes etc. but most of those are caused by shape-shifting.
(11) They are not angels and they are not demons. Our moral characterization of them is irrelevant to them and useless for us.

(I reserve the right to change my opinion on any of this if better evidence presents itself.)

;-)