Michaela
Elon Musk, who leads the Department of Government Efficiency (DOGE), has claimed that his team has uncovered 14 so-called “magic money computers” within federal agencies — systems he says have the ability to generate and distribute funds with no clear source.
During an appearance on Senator Ted Cruz’s podcast Verdict with Ted Cruz, Musk said that multiple federal agencies, including the Treasury, Defense, and Health and Human Services departments, are operating systems capable of generating and distributing funds without a clear source.
According to Elon Musk, these so-called “magic money computers” can issue payments seemingly out of thin air, raising concerns about transparency and fiscal oversight within the government.
“You may think that the government computers all talk to each other, they’re synchronized, they add up what funds are going where, and it’s coherent and that the numbers you’re presented as a senator are the real numbers,” Musk stated in the podcast.
He clarified that while the figures are not entirely inaccurate, they may contain discrepancies of around 5% to 10% in certain cases.
James Lopp, co-founder and chief security officer of Casa, responded to Senator Cruz’s post and asserted that Bitcoin could provide a solution to the issue.
Bitcoin supporters have frequently emphasized its fixed supply of 21 million coins as a safeguard against currency devaluation, contrasting it with traditional fiat money, which can expand through increased issuance.
During the podcast, Musk stated that the DOGE has made notable discoveries through its ongoing efforts.
“So most of what DOGE is finding, you don’t need to be Sherlock Holmes. It’s very obvious, basic stuff. So in every government department, I say every because we’ve not yet found a single exception. There are far too many software licenses and media subscriptions, meaning many more software licenses and media subscriptions than there are humans in the department,” Musk stated.
However, Musk suggested that in most cases — around 80% — the issue stems from inefficiency and mismanagement rather than deliberate misconduct. He pointed out that some companies receive payments in error, yet government agencies fail to request reimbursement.
He revealed that DOGE identified numerous payments from the Treasury lacking payment codes or clear explanations. Upon investigation, the department discovered that some of these payments were tied to contracts that should have been terminated. However, due to administrative oversights, the contracts remained active, allowing companies to continue receiving funds.
Elon Musk then raised the question of whether such cases should be classified as financial waste or outright fraud.
Read More
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- Musk Demands Engelmayer Impeachment After DOGE Blocked from Treasury
- DOGE Sparks Lawsuit: Union Groups Sue US Treasury Over Alleged Data Breach
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
