The Head of the Department of Government Efficiency (DOGE), Elon Musk, drops an unexpected bombshell in his recent appearance at the Verdict Podcast with Sen. Ted Cruz, R-Texas, as he discloses the existence of what he termed as the “magic money computers.”
According to him, there are 14 such computers in the various government departments designed to transfer money instantly out of thin air.
Shedding more light on this, Musk pointed out that people may think these government computers synchronize, “add up what funds are going where and operate coherently.” He also highlighted how people believe that the “numbers presented to the Senators are the real ones.”
According to him, they may not be totally wrong.
They’re not totally wrong, but they’re probably off by 5% or 10% in some cases. So I call it a ‘magic money computer’ — any computer that can make money out of thin air. That’s magic money.
When asked how these work, Musk quickly answered humorously that “they just issue payments.” Meanwhile, he admitted that some of these computers are in the Treasury Department, the Federal Department, the Department of Health and Human Services, the Department of State, and the Department of Defense.
In a post shared on X, Musk described these computers as the “biggest scam of all time.” Interestingly, this disclosure has generated mixed reactions from social media users.
One of the comments that caught our attention came from a user identified as Rose Premium Signals, which indicated that “Musk’s revelation sparks more Bitcoin support.” However, another user, identified as Thomas Jourdan, commented that “the real magic is how the government spends money without consequences.”
Experts Jump into Musk’s Latest Discovery
Some liberal critics have also observed that Musk’s revelation is consistent with what they call the Modern Monetary Theory, which explains how the government pays little attention to debt accumulation since interests could be paid by printing money. Fascinatingly, the chief security officer at Bitcoin custody company Casa Jameson Lopp believes that Bitcoin could fix these issues.
Musk’s latest revelation comes amidst the ongoing decision of the DOGE to cut government spending by a significant margin, as outlined in our recent blog post. According to reports, 239 “wasteful” contracts within the various government agencies have been cancelled. These contracts were estimated to be around $1.7 billion. Apart from this, a program worth $699,000 for studying Cannabis use among “sexual minority gender diverse individuals” has been cancelled.
On the show, Musk disclosed that DOGE’s latest effort has concluded that there are more media, software subscriptions, and credit cards in various government departments than the number of people working there. Per his observation, 80% of these cases are merely waste and incompetence rather than malicious schemes.
We saw a lot of payments going out of Treasury that had no payment code and no explanation for the payment, and then we’re trying to figure out what that payment is.
Musk’s recent inquiry into the Fort Knox gold reserve also raised doubt about the existence of the widely believed 4,580 tons. As mentioned in our previous news brief, his concerns have caught the attention of U.S. Senator Rand Paul, who has joined the call for an audit.
Amidst the backdrop of this, Musk has hinted that there could be a $5000 “DOGE Dividend” for all Americans, as featured in our recent coverage.