AI

Elon Musk Claims The U.S. Has ‘Magic Computers’

Elon Musk told Texas Senator Ted Cruz on his Verdict podcast that he has discovered "magic money computers" while working to reduce government spending.

No Interconnection

Musk explained that while government computers may seem interconnected, they’re often inaccurate, with discrepancies of 5-10%. He referred to these systems as “magic money computers” because they can create money out of thin air by simply issuing payments.

 

Source: X (@BTC_Archive)

 

These computers are primarily stationed at the Treasury Department, with some at Health and Human Services and Defense.

 

Increase In Direct Spending Increase

According to the Tesla CEO, the Department of Government Efficiency has been given full access to the magic computers. When Cruz asked him to elaborate, Musk reiterated that the computers simply “issue payments”.

Still, despite Elon’s claim of saving $105 billion for the U.S., the Treasury’s February report showed a $29 billion increase in direct spending, mainly due to higher debt servicing ($86 billion) and tax credits.

Join Our FREE Newsletter

Subscribe to stay informed and receive latest updates on the latest happenings in the crypto world!


By submitting this form, you are consenting to receive marketing emails from: Crypto Weekly. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.

Read More >

Join Our FREE Newsletter

Subscribe to stay informed and receive latest updates on the latest happenings in the crypto world!


By submitting this form, you are consenting to receive marketing emails from: Crypto Weekly. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Search

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

News: