US authorities cost-cutting csar Elon Musk claims to have discovered a minimum of 14 “magic cash computer systems” within the federal authorities with the flexibility 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 Providers departments, can basically situation funds and ship cash from nothing.
“You could suppose that the federal government computer systems all speak 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 offered 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 improper, however they’re most likely off by 5% or 10% in some instances. So I name it ‘magic cash pc’ — any pc that may earn cash 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 potential to hedge in opposition to 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 Inside 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 instances, as much as double.
Nevertheless, he thinks 80% of instances are waste and incompetence slightly 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 fee code and no rationalization for the fee, after which we’re attempting to determine what that fee is,” Musk mentioned.
“Then we see that, okay, that contract was imagined 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 on account of his DOGE work. Tesla services across the US have been vandalized as a part of a broader “Take down Tesla” motion protesting DOGE’s cost-cutting measures.
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