![]()
Elon Musk, the US government's self-proclaimed cost-cutting czar, claims to have uncovered at least 14 so-called “magic money computers” within federal agencies that have the power to create and distribute funds out of thin air.
According to Musk, these computers are located across several government departments, including the Treasury, Defense, and Health and Human Services. He explained that these systems have the ability to generate payments without a clear source of funds.
“You might assume that government computers are all connected, synchronized, and accurately tracking where money is going — that the numbers senators see are precise and reliable,” Musk said during the March 17 episode of Senator Ted Cruz’s Verdict with Ted Cruz podcast.
But that’s not the reality, Musk insisted.
“They’re not completely inaccurate, but they could be off by 5% to 10% in some cases,” he said. “That’s why I call them ‘magic money computers’ — any system that can conjure money out of nowhere. That’s magic money.”
In response to the discussion, Jameson Lopp, chief security officer at Bitcoin custody firm Casa, said in the video comments, “Bitcoin fixes this.”
Bitcoin supporters often promote the cryptocurrency as protection against the devaluation of traditional currencies, since Bitcoin’s supply is limited to 21 million coins, unlike fiat currencies that can expand through increased printing.
Elon Musk's claim that he has found "magic money computers" printing money "from thin air" is a serious allegation that deserves to be investigated. If true, it would have major implications for the U.S. government's budget. However, it is important to remember that these are just allegations at this point and have not been independently verified.