Posted on 03/17/2025 5:28:24 PM PDT by E. Pluribus Unum
On March 17, US President Donald Trump’s senior advisor Elon Musk claimed that there are “Magic Money Computers” operational at several government departments that can “make money out of thin air.”
Musk made the remark while speaking to Sen. Ted Cruz (R-TX) during the "Verdict" podcast.
Well-known for his dynamic ventures such as Tesla, SpaceX, and X (formerly Twitter), Musk was appointed by Trump as the de-facto head of the Department of Government Efficiency (DOGE). The department has been focused on slashing government expenditure for several programs.
In the conversation with Cruz, Musk claimed that the DOGE team has discovered 14 “Magic Money Computers” with blank-check authority. He added, “I call a ‘magic money computer’ any computer which can just make money out of thin air.”
Musk claimed that these computers exist at several federal departments, including the Department of the Treasury, the Department of Health and Human Services, the Department of State, and the Department of Defense.
Though Musk claimed that these computers “just send money out of nothing,” he was quick to add that these computers are “not totally wrong” in reporting on government expenditures. They are “probably off” by up to 10% in some cases, he alleged.
Musk’s comment has rung alarm bells regarding the government’s role in money. Crypto proponents were quick to jump in, with Bitcoin advocate and Casa co-founder Jameson Lopp highlighting Bitcoin's ability to fix the problem.
While Bitcoin has a limited supply of 21 million, there is no such limit on fiat currency. If a government prints more money in case of cash shortage, it can lead to currency debasement. That is why crypto proponents have...
(Excerpt) Read more at finance.yahoo.com ...
Paging Janet Yellen, Janet Yellen please pick up the white courtesy phone.
“I want!”
Okkkay you go first, but me too!
My God, this rabbit hole just doesn’t end does it?
“Paging Janet Yellen, Janet Yellen please pick up the white courtesy phone.”
From prison in a just world.
so kinds of like cryptos .... money out of thin airs.
I have a feeling those running he shadow government called the Deep State thought it was too big to fail. That they could put up to mindless puppets (Biden and Harris), flood the country with illegals, mutilate children, etc, etc and no one could do a thing about it.
What changed all that was Trump and the voter turnout for him bigger than the voter fraud.
Now they are slowly being dismantled and all their schemes found out and made public.
No you don’t want it, it’s not real.
I messed up. Thanks.
Does this mean that we really don’t need the gold which is *CHORTLE* in Fort Knox?
Not out of nothing. It was stolen from the value of the money already out there. Stright out theft of the savers. Taking from those who are vulnerable like retires.
Article isn’t properly linked. Goes to wrong article.
“Magic money computers”?
That is nothing strange or weird. It’s official and well-known.
Since the U.S. abandoned the gold standard in 1971 under Nixon, the dollar has been a “fiat currency” — its value comes from trust in the government and economy, not a physical commodity like gold. So, yes, in a sense, money is “created out of thin air,” but it’s not mystical as “magic money computers” might suggest.
Physical Currency: When the Fed decides more cash is needed in circulation, it orders the Treasury to print it. The Fed pays for the production costs (paper, ink, etc.), and the new bills enter the system via banks. This is a small fraction of the money supply — about 10% or less.
Digital Money: Most money isn’t physical; it’s digital, existing as numbers in bank accounts. The Fed creates this by adjusting bank reserves. For example, when it buys Treasury bonds, it credits banks with reserves electronically — NO PRINTING PRESS REQUIRED. Banks then lend out multiples of those reserves (via the fractional reserve system), amplifying the money supply further. This is where the “out of thin air” idea comes from: no gold or physical asset backs it, just the Fed’s authority and economic trust... Insane but true.
Mechanics (the so called “magical money computers”) : It’s not random local computers but a tightly controlled system. The Fed uses tools like its balance sheet, interest rates, and reserve requirements to manage this. Think of it as an accounting ledger with real economic consequences, not a free-for-all magic printer.
Generally speaking, the fed doesn’t print physical cash. Instead, it adds numbers to the reserve accounts that commercial banks hold at the Fed. Just a few keyboard strokes, and billions (or trillions) appear.
It’s indeed mind-boggling.
Why supercomputers? Couldn’t a regular PC do it?
Fiat currency.
The ‘source’ link is wrong, but the ‘made the remark’ link within the entered article takes you there.
Hi.
I’d wager that there is a Magic Money Computer at Langley. Probably two of them.
5.56mm
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