Elon Musk sparks concern over DOGE’s ‘magic money computers’ printing cash ‘out of thin air’
Where can we get a magic money computer?
The Department of Government Efficiency is continuing to dig deep into the finances of the government, and with it, some wild claims are circulating.
From there being no gold left in Fort Knox to sending $50 million worth of condoms to (the wrong) Gaza, the head of the DOGE has been called out for his various headline-grabbing soundbites.
His latest is a doozy, saying that the DOGE has uncovered 14 ‘magic money computers’ within the government, apparently making money out of thin air and sending it out.
Texas Senator Ted Cruz hosted Elon Musk on his Verdict podcast, where the world’s richest man made the spectacular claim after being given access to the Treasury Department.
Saying that these computers are going undercover, Musk explained: “‘You may think that government computers all talk to each other, they all synchronize, they add up what funds are going somewhere and it’s coherent and that the numbers you’re presented as a Senator are actually the real numbers. They’re not.”
Musk continues to make some wild claims about government finances (Chip Somodevilla / Staff / Getty)
He added that he calls any computer that can make money ‘out of thin air’ a magic money computer, and said, “It just issues payments.”
Musk maintains that these magic computers are currently within the likes of the Department of the Treasury, the Department of Health and Human Services, the Department of State, and the Department of Defense.
With the numbers supposedly being off by anywhere up to 5%, Musk claims these computers are sending out trillions of dollars.
Of course, the DOGE has been slammed for its accounting before – having to remove billions in supposed savings from its ‘wall of receipts’.
Posting his musings on X, Musk referred to these computers as “maybe the biggest scam of all time.”
Opinions were split when Cruz shared the clip on X, with many worried about the idea of these magic money computers.
One said: “Hard to hear. I’ve broken my back for peanuts my whole life and have never received any magic money. I’ve sure paid into it, though. I’ve also been hammered by the IRS. Maybe I should’ve had pronouns and clicked the right boxes.”
Another added: “This is just mind-blowing info. It goes to show how deeply the government is corrupt (indeed, the rabbit hole of corruption is deep), and we are not even at the end of the tunnel yet. This is the reason those organizations are fighting back—they are losing big time.”
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!…
One of Musk’s critics chimed in: “He also ‘revealed’ that we provided $50M in condoms to Gaza and that 200-year-olds were getting SS checks, both of which were lies. Why do we believe anything he says?”
Someone else concluded: “Yeah, more unfettered lies from Ted Cruz. If this was true, it would be the biggest scandal in America right now. It’s probably just used normally and is probably been used since Obama, even through Trump 1.0.”
Others said he’s simply highlighted Modern Monetary Theory, which is based on the idea that governments don’t need to worry about debt because they can pay interest by simply printing more money.
Democrats have often championed MMT, effectively landing on the idea that a government borrowing from its own central bank doesn’t need to repay its debt because it owns the bank and that bank has no claim against the government.
The idea of a magic money computer might not be the big reveal the DOGE was hoping it would be, but either way, we’d like to know how we get our hands on one.
Elon Musk claims he’s owed $56,000,000,000 from Tesla as he launches new court appeal
Musk has claimed that ‘legal errors’ were previously made
Tesla CEO Elon Musk has begun an appeal process to restore the $56,000,000,000 pay package from the electric car company that he claims was denied in a ‘legal error’.
Despite being undeniably the richest man in the world, Elon Musk continues his crusade for more money by pushing for an ‘unfathomable’ pay package from Tesla that he claims he is rightfully owed.
Awarded all the way back in 2018, this particular pay package resulted in major growth for the electric car manufacturer, as per Reuters, but was ordered to be rescinded by Chancellor Kathaleen McCormick through Delaware law proceedings.
Musk has filed an appeal after his claim to an ‘unfathomable’ Tesla pay package was denied (Saul Loeb/AFP via Getty Images)
Chancellor McCormick indicated that the staggering pay package was “unfathomable” and unfair to shareholders, as directors were ‘beholden’ to Musk as CEO, alongside accusations that Tesla withheld key information from investors before they successfully voted to approve the pay package.
Musk has now launched his own appeal to McCormick’s decision, claiming instead that multiple legal errors were made in the application of the ‘entire fairness’ legal standard.
His legal representatives argue that Chancellor McCormick incorrectly determined that the Tesla directors that approved the pay package were conflicted in their business efforts, and that her assessment of the company’s failure to disclose information was a fault.
What remains critical about this particular pay package is it’s relevance to the current stock price of Tesla, even with a rapidly falling valuation over the past few weeks despite a push of support from President Trump.
The pay package, if successfully awarded, allows Musk to purchase roughly 303 million stock options in the company at around $23 each, which is essentially 10% of the most recent $230.58 closing price on Tuesday (March 11) night, and pales in comparison to the highs of around $492.77 at the end of last year.
Having access to this pay package would significantly increase Musk’s net worth and control over Tesla, despite stock value drops (Andrew Harnik/Getty Images)
Musk’s purchase price if awarded these stocks would be around $6,969,000,000 – which is around just 2.2% of his total current net worth – but if he sold it at that $230.58 closing price he’d earn himself $69,865,740,000, which would boost his net worth by 20%.
Conversely, Musk will likely feel as if he’s lost significant value due to the fact that Tesla is significantly lower than it’s all-time high on the stock market, and if he had indeed held this pay packet at the $492.77 evaluation then his net worth would have almost doubled, increasing by $149,309,310,000.
This is quite a different approach compared to key rival Sam Altman, who currently holds no stock options for OpenAI and only receives a $76,000 yearly wage from the company, and in addition Musk has threatened to move his efforts elsewhere and procure development outside of Tesla if he cannot increase his stake in the company.
World’s richest man Elon Musk is now officially $116,000,000,000 poorer than his peak net worth
Tesla drops have seen his net worth crash
Elon Musk’s fortunes have taken a downward trend in the past few months, reportedly dropping $116,000,000,000 from his peak net worth.
Although, he still holds his position as the richest man in the world by a considerable margin.
While there’s no doubt that Elon Musk was incredibly rich, his net worth catapulted to heights never seen before following Donald Trump’s US election victory last November.
Musk was a keen supporter and close ally of Trump in the months prior to his victory and benefitted greatly from this connection as the market predicted that his companies would soar through relaxed regulation and increased support.
Trump’s election victory greatly benefitted Musk’s net worth and companies (Chip Somodevilla/Getty Images)
Tesla’s stock price over doubled between the end of October and the middle of December, and a tender offer indicated that SpaceX had become the world’s most valuable private firm at $350 billion.
In just a short few months his net worth increased from around $250,000,000,000 to a staggering $464,000,000,000, almost doubling on its own and sitting around $200 billion higher than the next richest on the list.
However, while he remains still the richest individual in the world, his overall net worth has dropped by $116,000,000,000 from it’s highest point, which many point towards the dip in Tesla value, as reported by Forbes.
The publication’s real-time billionaires index indicates that Musk’s current net worth is $347.7 billion, which is over $100 billion more than Meta CEO Mark Zuckerberg ($221 billion) and Amazon founder Jeff Bezos ($219 billion).
Bloomberg’s billionaires index also indicates that Musk has reported a year-to-date drop of $96.5 billion, or around 22.3% of his overall net worth.
The aforementioned Tesla drops are likely at the heart of this decline, as the car company’s closing price of $272 is the lowest end-of-day share price since November 5, or Election Day in the United States.
Recent developments have put a chainsaw to Musk’s net worth, causing it to drop by $116 billion from its peak (Saul Loeb/AFP via Getty Images)
It’s likely also linked to the tariffs announced by President Trump on China, as the country is Tesla’s second largest customer base and also produces most of the world’s materials that are necessary for the manufacturing of electric vehicles.
SpaceX remains strong still, especially as private industry efforts appear to be ramping up on the Moon, and xAI – Musk’s artificial intelligence company – continues to grow despite conflict with OpenAI which he previously co-founded alongside Sam Altman.
One intriguing point indicated by Forbes is that while Musk’s $116 billion drop might seem like not that much relative to his existing net worth, that figure alone is higher than all but 11 of the world’s richest individuals’ net worth.
The amount that Musk has lost in the last three months is more than the net worth of people like Nvidia’s Jensen Huang, Charles Koch, and Walmart-heir Alice Walton.
Elon Musk sparks debate after asking Americans to vote on major change that would affect entire US population
The proposed change would have major ramifications on everyone’s daily lives
You could play a role in the moulding of time by simply voting in Elon Musk’s latest poll on X, as he’s asked his 219 million followers to help enact a major change that would affect every single American across the country.
Elon Musk is certainly no stranger to conducting polls online, as he’s previously asked his followers to vote on site-wide changes like the block feature and even potential foreign policy such as an invasion of Great Britain.
He has repeatedly platformed his belief in ‘vox populi, vox dei’ – otherwise known as the voice of the people – and his latest application of this could lead to something that would have ramifications on the everyday lives of everyone the US, as reported by the Daily Mail.
Posting a poll on X, Musk asked his followers the following question: “If daylight savings time is canceled, do you prefer: An hour earlier; An hour later.”
Currently the poll has received 1.2 million votes with four hours still remaining, and the latter ‘hour later’ option is winning with around 58% of the vote.
This is far from the first time that Musk has expressed his seeming frustration with daylight savings time, as it’s a long-held bug bear for him that he’s hinted at getting rid of in the past.
While being the richest man in the world certainly gives you a lot of power, his newly-held position as the head of new federal advisory board DOGE could mean that he’s never been in a better place to enact his hatred of the lengthy US-based time zone.
If you’re unaware, daylight savings time stretches between March and November, setting clocks forward an hour to ensure that evenings have more light whereas mornings have less.
Funnily enough, the result of Musk’s poll appear to indicate that most actually prefer the functions of daylight savings time anyway, as ‘an hour later’ would land the same result, albeit permanently this time.
Looks like daylight savings time could be next on Elon Musk’s chopping list (Saul Loeb/AFP via Getty Images)
The replies seem to offer a mixed reception to the poll, with contrasting opinions on what time should be set.
“More daylight in awake hours,” argues one user, seemingly supporting the ‘hour later’ option, adding that “sunlight is healthy.”
Another asks “what is it right now?” requesting that Musk should “keep it all the same” in the end.
“How about just pick one and stick with it,” frustratingly writes one comment. “I need to stop screwing with my sleep schedule twice a year damnit, sooner is better.”
Whether Musk alone actually has the power to make these changes is still up for debate though, as one Reddit user explains why it might not be within the Department of Government Efficiency’s remit:
“DST starts and end with an act of Congress, so nothing DOGE can do about it. Unless they were to write about the full-fledged text of a law that enacts their recommendations, and the Republicans are willing to just pass it intact. Ha. Haha.”
That certainly wouldn’t be too out of the question considering how Trump’s administration has gone so far, and there’s nothing to say that the president won’t just push it all through with a fresh executive order either.
Featured Image Credit: SAUL LOEB / Contributor / Getty
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Elon Musk claims without evidence there’s ‘half a trillion dollars’ of fraud in Social Security system
He’s failed to present evidence that these figures are correct
On his latest rant against the state of the USA, Elon Musk has spectacularly claimed there’s $500,000,000,000 worth of fraud in the Social Security system.
The world’s richest man has been tasked with cutting some $2 trillion from government spending, and while he originally admitted he didn’t think it could be done, that hasn’t stopped him from gutting whole departments.
Musk being deep in the trenches of the White House has caused plenty of controversy, and as well as Tesla stocks crashing, he’s lost a jaw-dropping $29 billion in a single day.
Still, Musk told Fox Business’ Larry Kudlow that he’s going to continue doing what he’s doing.
There are worries about Musk putting Social Security in his crosshairs (OLIVER CONTRERAS / Contributor / Getty)
In an all-encompassing interview, Musk suggested that a ‘coordinated’ cyberattack against X came from Ukraine, spoke out about reports of a gun being fired at a Tesla dealership in Oregon, and then fired his own shots at the entire Social Security system.
In one of the biggest takeaways, there are concerns that Musk is now taking his sharpened scissors to Medicare and Social Security. It comes as the Trump administration wants to make a $4.7 trillion tax cut.
Musk told Kudlow: “Most of the federal spending is in entitlements, so that’s the big one to eliminate. That’s the sort of half-trillion, maybe six, seven hundred billion a year.”
He went on to say: “That’s also a mechanism by which the Democrats attract and retain illegal immigrants, by essentially paying them to come here, and then turning them into voters.”
Claiming that the Democrats are so upset by Musk’s work with the Department of Government Efficiency, he thinks turning off this ‘money magnet’ will cause them to leave.
Referring to this half a trillion, Kudlow said: “It’s a huge number.”
It’s important to note that Musk doesn’t point to any specific statistics, nor has it been clarified where he plucked the figure from.
Musk’s estimates are far higher than those put forward by the Social Security’s inspector general, who previously highlighted $71.8 billion in potential fraudulent payments from the 2015 to 2022 fiscal years. This works out at under 1% of total benefits paid during that time.
This isn’t the first time Musk has been questioned about his potential interference with Social Security.
He posted on X in February 2025 and said: “Having tens of millions of people marked in Social Security as ‘ALIVE’ when they are definitely dead is a HUGE problem.”
His claims were debunked by Lee Dudek, Social Security’s acting commissioner, who added: “The reported data are people in our records with a Social Security number who do not have a date of death associated with their record. These individuals are not necessarily receiving benefits.”
Sharing his concerns about what comes next, Rhode Island Democratic Representative Gabe Amo wrote: “Co-President Musk announces his desire to cut entitlements. To be very clear, the only things he could be talking about are Social Security and Medicare.”
While the POTUS has vowed to protect Social Security, Musk has already closed some offices and spectacularly referred to it as “the biggest Ponzi scheme of all time.
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