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Billionaire Elon Musk Claims That the U.S. Government Operates With Systems That Create Money “Out of Nothing” and Issue Payments Without Strict Oversight
During an interview on the podcast “Verdict with Ted Cruz,” entrepreneur Elon Musk sharply criticized the functioning of the United States government’s financial system. He stated that there are at least 14 systems operating in different federal agencies that function like “magic money computers,” allowing money to be created without real backing and enabling payments to be made without detailed oversight of the funds. According to Musk, this financial management structure represents a serious failure in public administration.
The billionaire explained that most people believe that the government’s financial systems are highly organized and synchronized, ensuring absolute accuracy in records. However, Musk revealed that there are significant discrepancies in the numbers presented in official financial reports, with errors potentially occurring in up to 10% of cases. According to him, this problem undermines transparency in the management of public resources, something that has been criticized by economists and specialists for years.
Where Are These Systems and How Do They Operate, According to Elon Musk?
According to Musk, most of these systems are in the U.S. Department of the Treasury, the agency responsible for currency issuance and public finance management. However, he mentioned that departments such as Health and Human Services (HHS), the State Department, and the Department of Defense (DOD) also operate similar platforms. These administrative units would have the autonomy to issue payments automatically, without the need for explicit approval or strict oversight of the origin of funds.
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The entrepreneur highlighted that he had access to sensitive financial information from the U.S. government, raising concerns about potential conflicts of interest. In a recent investigation conducted by the U.S. press, it was revealed that Musk had access for up to three days to data from Medicare, the government payment system, and veterans’ benefits. He also mentioned that Treasury systems include information on federal salaries, educational programs, and government contracts.
Possible Impacts and Developments
Elon Musk’s statements have raised questions about the transparency and reliability of the financial system in the United States. If, indeed, these systems operate disconnected from official data, this could indicate vulnerabilities in the government’s spending control, as well as a potential impact on inflation and public debt management.
Economists like Paul Krugman, Nobel Prize winner, have warned that the lack of financial control by the government could compromise fiscal stability in the U.S. According to Krugman, the existence of automated payment platforms without rigorous tracking might be one of the reasons for the increasing budget deficits in recent years, raising concerns in the global financial market.
Musk and Influence on American Politics
In addition to his criticisms of the financial system, Elon Musk also questioned a $500 billion artificial intelligence project announced by President Donald Trump. The plan proposes the creation of a new company called Stargate, which would develop AI infrastructure in the United States. For Musk, the proposal lacks transparency and proper oversight, potentially resulting in a massive waste of public resources without a clear application.
Musk’s recent statements reinforce the need for greater control and oversight over federal spending. The exposure of what he considers serious flaws in the government’s financial management could pressure regulatory bodies and lawmakers to conduct audits and re-evaluate how public finances are managed in the United States.
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