US authorities cost-cutting csar Elon Musk claims to have discovered at the very least 14 “magic cash computer systems” within the federal authorities with the power to ship cash from nothing.
Musk mentioned the computer systems, which exist in a number of federal departments, together with the Treasury, Protection and Well being and Human Companies departments, can primarily difficulty funds and ship cash from nothing.
“You could suppose that the federal government computer systems all discuss to one another, they’re synchronized, they add up what funds are going the place, and it’s coherent and that the numbers you’re introduced as a senator are the true numbers,” Musk mentioned in a March 17 episode of Senator Ted Cruz’s podcast Verdict with Ted Cruz.
An absolute bombshell from @elonmusk on the newest episode of Verdict.
He reveals there are 14 magic cash computer systems within the federal authorities that ship cash out of nothing.
Don’t miss the newest episode of Verdict wherever you get your podcasts. Subscribe now!… pic.twitter.com/1tnJmJtiw9
— Ted Cruz (@tedcruz) March 17, 2025
Nevertheless, Musk mentioned this isn’t the case.
“They’re not completely unsuitable, however they’re in all probability off by 5% or 10% in some circumstances. So I name it ‘magic cash pc’ — any pc that may generate income out of skinny air. That’s magic cash.”
Jameson Lopp, the chief safety officer at Bitcoin (BTC) custody firm Casa, mentioned within the video feedback that “Bitcoin fixes this.”
Bitcoin advocates have lengthy touted the cryptocurrency’s skill to hedge towards forex devaluation, as Bitcoin’s provide is capped at 21 million cash, whereas fiat provide can improve with extra “printing.”
Supply: Jameson Lopp
Associated: DOGE proposes slashing Inner Income Service workers by 20%
Musk says his newest DOGE efforts have additionally uncovered that US authorities departments have extra media, software program subscriptions, and bank cards than they do folks working there — in some circumstances, as much as double.
Nevertheless, he thinks 80% of circumstances are waste and incompetence relatively than a malicious scheme as a result of, in some cases, corporations are being despatched cash by mistake. Then no person from the federal government is asking for the cash again.
“We noticed a number of funds going out of Treasury that had no cost code and no clarification for the cost, after which we’re attempting to determine what that cost is,” Musk mentioned.
“Then we see that, okay, that contract was alleged to be shut off, however somebody forgot to close off that contract, and so the corporate saved getting cash. Now, is that waste or fraud?”
Musk’s different enterprise ventures have suffered because of his DOGE work. Tesla amenities across the US have been vandalized as a part of a broader “Take down Tesla” motion protesting DOGE’s cost-cutting measures.
Journal: Elon Musk’s plan to run authorities on blockchain faces uphill battle
