Elon Musk Uncovers Financial Irregularities in U.S. Government Departments

According to Cointelegraph, U.S. government cost-cutting czar Elon Musk has identified at least 14 "magic money computers" within federal departments capable of issuing payments seemingly from nothing. These computers are reportedly found in departments such as Treasury, Defense, and Health and Human Services. Musk shared his findings during a March 17 episode of Senator Ted Cruz’s podcast, Verdict with Ted Cruz. He explained that while government computers are expected to synchronize and accurately track funds, discrepancies of 5% to 10% are common. Musk refers to these computers as "magic money computers" due to their ability to generate money without a clear source. Bitcoin advocates, including Jameson Lopp, chief security officer at Bitcoin custody company Casa, have long argued that Bitcoin offers a hedge against currency devaluation. Unlike fiat currency, Bitcoin's supply is capped at 21 million coins, preventing arbitrary increases through "printing." Musk's investigations have also revealed that U.S. government departments possess more media, software subscriptions, and credit cards than personnel, sometimes up to double. He attributes 80% of these cases to waste and incompetence rather than deliberate fraud, noting instances where companies receive payments mistakenly without government follow-up. He described scenarios where payments from the Treasury lacked codes or explanations, leading to confusion over their purpose. Contracts intended for termination continued to funnel money to companies due to oversight, raising questions about whether these are instances of waste or fraud. Musk's focus on DOGE-related cost-cutting measures has impacted his other ventures, with Tesla facilities across the U.S. facing vandalism as part of a "Take down Tesla" movement protesting these measures. Despite these challenges, Musk remains committed to addressing inefficiencies within government operations.