Elon Musk, head of DOGE, claims to have discovered 14 “magic money computers” in federal departments with ability to “print money out of thin air”
These computers allegedly exist in Treasury, Defense, Health and Human Services, and State departments with blank-check authority
Musk described these systems as “maybe the biggest scam of all time” during an appearance on Ted Cruz’s podcast
DOGE has canceled 239 “wasteful” contracts worth up to $1.7 billion as part of government spending cuts
Bitcoin advocates responded to Musk’s claims, suggesting cryptocurrency could fix the problem of unlimited money printing
Elon Musk, head of the Department of Government Efficiency (DOGE), has reported finding what he calls “magic money computers” within several federal departments. These computers allegedly have the ability to create and distribute money without proper oversight.
Musk made these claims on March 17 during an appearance on the “Verdict” podcast hosted by Senator Ted Cruz. He stated that his team has found 14 such computer systems operating across multiple government agencies.
“I call a magic money computer any computer which can just make money out of thin air,” Musk explained during the podcast. “It just issues payments.”
According to Musk, these systems exist in the Department of the Treasury, Department of Health and Human Services, Department of State, and Department of Defense. He suggested these computers operate with what he described as “blank-check authority.”
An absolute bombshell from @elonmusk on the latest episode of Verdict.
He reveals there are 14 magic money computers in the federal government that send money out of nothing.
Don’t miss the latest episode of Verdict wherever you get your podcasts. Subscribe now!… pic.twitter.com/1tnJmJtiw9
— Ted Cruz (@tedcruz) March 17, 2025
The DOGE team has been conducting an aggressive audit of federal government spending. This initiative was established by President Donald Trump, who appointed Musk as his senior advisor for government efficiency.
Musk claims the computer systems don’t properly communicate with each other. This lack of coordination creates gaps in financial tracking and reporting.
“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,” Musk told Cruz. But he says this isn’t the case.
While Musk described these computers as potentially “the biggest scam of all time” in a post on X, he clarified they aren’t completely inaccurate. He estimated they might be “off by 5% or 10% in some cases” when reporting government expenditures.
Bitcoin fixes this.
— Jameson Lopp (@lopp) March 17, 2025
The DOGE investigation has uncovered other issues as well. Musk reported finding departments with more media subscriptions, software licenses, and credit cards than employees.
Musk believes most of these problems stem from waste and incompetence rather than malicious intent. He cited examples where companies continued receiving payments because contracts weren’t properly terminated.
“We saw a lot of payments going out of Treasury that had no payment code and no explanation for the payment,” Musk said. “Then we see that, okay, that contract was supposed to be shut off, but someone forgot to shut off that contract.”
This announcement comes as DOGE continues its cost-cutting mission. Last week, the department canceled 239 contracts it deemed “wasteful,” estimated to be worth up to $1.7 billion.
Among the canceled contracts were a $699,000 study on “cannabis use” among “sexual minority gender diverse individuals” and $740,000 for examining “social networks” among “black and Latino sexual minority men in New Jersey.”
The revelations about government spending have drawn attention from cryptocurrency advocates. Jameson Lopp, chief security officer at Bitcoin custody company Casa, commented on Musk’s claims by stating simply: “Bitcoin fixes this.”
Bitcoin supporters have long promoted the cryptocurrency as a hedge against currency devaluation. Unlike fiat currency, which can be created without limits, Bitcoin has a capped supply of 21 million coins.
Musk’s work with DOGE has reportedly impacted his other business ventures. According to reports, Tesla facilities across the United States have faced vandalism from protesters opposing DOGE’s cost-cutting measures.
Senator Mike Lee of Utah responded to Musk’s claims on social media with humor. “Can a person buy a magic money computer on eBay?” Lee asked. “Asking for a friend.”
The post DOGE: Musk Uncovers “Magic Money Computers” in Federal Government Audit appeared first on CoinCentral.
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DOGE: Musk Uncovers “Magic Money Computers” in Federal Government Audit
TLDR
Elon Musk, head of the Department of Government Efficiency (DOGE), has reported finding what he calls “magic money computers” within several federal departments. These computers allegedly have the ability to create and distribute money without proper oversight.
Musk made these claims on March 17 during an appearance on the “Verdict” podcast hosted by Senator Ted Cruz. He stated that his team has found 14 such computer systems operating across multiple government agencies.
According to Musk, these systems exist in the Department of the Treasury, Department of Health and Human Services, Department of State, and Department of Defense. He suggested these computers operate with what he described as “blank-check authority.”
The DOGE team has been conducting an aggressive audit of federal government spending. This initiative was established by President Donald Trump, who appointed Musk as his senior advisor for government efficiency.
Musk claims the computer systems don’t properly communicate with each other. This lack of coordination creates gaps in financial tracking and reporting.
“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,” Musk told Cruz. But he says this isn’t the case.
While Musk described these computers as potentially “the biggest scam of all time” in a post on X, he clarified they aren’t completely inaccurate. He estimated they might be “off by 5% or 10% in some cases” when reporting government expenditures.
The DOGE investigation has uncovered other issues as well. Musk reported finding departments with more media subscriptions, software licenses, and credit cards than employees.
Musk believes most of these problems stem from waste and incompetence rather than malicious intent. He cited examples where companies continued receiving payments because contracts weren’t properly terminated.
“We saw a lot of payments going out of Treasury that had no payment code and no explanation for the payment,” Musk said. “Then we see that, okay, that contract was supposed to be shut off, but someone forgot to shut off that contract.”
This announcement comes as DOGE continues its cost-cutting mission. Last week, the department canceled 239 contracts it deemed “wasteful,” estimated to be worth up to $1.7 billion.
Among the canceled contracts were a $699,000 study on “cannabis use” among “sexual minority gender diverse individuals” and $740,000 for examining “social networks” among “black and Latino sexual minority men in New Jersey.”
The revelations about government spending have drawn attention from cryptocurrency advocates. Jameson Lopp, chief security officer at Bitcoin custody company Casa, commented on Musk’s claims by stating simply: “Bitcoin fixes this.”
Bitcoin supporters have long promoted the cryptocurrency as a hedge against currency devaluation. Unlike fiat currency, which can be created without limits, Bitcoin has a capped supply of 21 million coins.
Musk’s work with DOGE has reportedly impacted his other business ventures. According to reports, Tesla facilities across the United States have faced vandalism from protesters opposing DOGE’s cost-cutting measures.
Senator Mike Lee of Utah responded to Musk’s claims on social media with humor. “Can a person buy a magic money computer on eBay?” Lee asked. “Asking for a friend.”
The post DOGE: Musk Uncovers “Magic Money Computers” in Federal Government Audit appeared first on CoinCentral.