I don't know about this. He, as the inventor of the god helmet is probably a great expert on the effects of magnetic fields on the brain. Maybe it IS possible to 'record' a persons brainstate and then with some kind of (magnetic) device alter another persons brainstate so that it resembles that of person A, and maybe that could even be done to such an extent that you could 'transfer' VERY basic things from one brain to another.
That doesn't sound far-fetched at all.
Claiming that the arrest of saddam husein was based on information from a psychic on the other hand, IS far-fetched in my opinion. If there was a psychic who said something like "saddam hussein is hiding in a hole in the ground in the middle of the dessert" i would not count that as evidence. It's way too basic and also a way too obvious thing to say.
If someone would have said though: "osama bin-laden is NOT hiding in a hole in the ground, but in a villa near a pakistani army base", that already would be a far more serious claim. I mean, who'd ever thought about THAT?