The federal government has at least 14 “magic money computers” that create and send payments with no financial backing whatsoever, Department of Government Efficiency (DOGE) task force leader Elon musk told Texas Sen. Ted Cruz (R).
Appearing on Cruz’s Verdict podcast, the Tesla/Space X entrepreneur described DOGE found several computers inside various federal agencies that simply create money out of thin air.
“Now one of the things you told me about is what you called, ‘Magic Money computers.’ So, tell us about it, because I never heard of that until you brought that up,” Cruz inquired.
“Okay, so you may think that these…that the government computers like all talk to each other, they synchronize, they add up what funds are going somewhere…and it’s coherent,” Musk said.
“And that the numbers that, for example, you’re presented as a senator are actually the real numbers…they’re not,” he explained. “Yeah…I mean they’re not totally wrong, but they’re probably off by 5% or 10% in some cases.”
The DOGE leader went on to define the computers as “any computer which can just make money out of thin air – that’s magic money.”
“So how does that work?” Cruz asked, with Musk responding, “It just issues payments.”
“And you said there are something like 11 of these computers at Treasury that are sending out trillions
in payments?” asked Sen. Cruz.
Musk replied that most of the “magic money” computers were housed at the Dept. of Treasury, with “some” at the Dept. of Health and Human Services, and “one or two” at the State Dept. and Dept. of Defense.
“I think we’ve found now 14 ‘Magic Money computers,'” Musk revealed, adding, “they just send money out of nothing.”
The alarming discovery comes as critics have attacked DOGE for its steep cutbacks and massive layoffs in its efforts to uncover waste, fraud and abuse, despite its important work actively helping to reduce the deficit and federal debt, rein in out-of-control spending, and ultimately save US taxpayers billions.
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