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ANN KENEVAN on March 18, 2025

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ANN KENEVAN

ELON MUSK JOINS VERDICT | Verdict Ep. 214 Verdict with Ted Cruz Mar 17, 2025 Full Episodes... View MoreELON MUSK JOINS VERDICT | Verdict Ep. 214 Verdict with Ted Cruz Mar 17, 2025 Full Episodes In a Verdict Exclusive from The White House, Elon Musk joins Senator Ted Cruz and Ben Ferguson for a discussion about D.O.G.E. and the first 50 days of the Trump Administration. They will address issues related to waste and fraud being addressed by D.O.G.E., the challenges Musk faces in this new role, and his views on the future of space travel. All this and more on Verdict with Senator Ted Cruz Elon Musk on Ted Cruz Podcast: NGO Fraud Is Happening At Scale In Federal Government Posted By Tim Hains On Date March 17, 2025 Elon Musk spoke about DOGE's hunt for waste, fraud, and abuse on Sen. Ted Cruz's podcast this week. Musk estimates that there is an 80/20 ratio of waste to fraud in the federal budget and says $1 trillion in annual savings is not outside the realm of possibility. "You don’t need to be Sherlock Holmes, okay? It’s very obvious, basic stuff. In every government department, and I say 'every' because we’ve not yet found a single exception, there are far too many software licenses and media subscriptions, meaning many more software licenses and media subscriptions than there are humans in the department. Like, an agency with 15,000 people might have 30,000 licenses," Musk said. "We found entire situations of software licenses or media subscriptions where there were zero logins. And yet we were paying for it. Yes, the government was paying for thousands of licenses of software or media subscriptions, and no one had ever logged in even once. Or, like credit cards—you found the same thing with government credit cards. We found that there are twice as many credit cards as there are humans." "I still don’t have a good explanation for why this is the case. And these are $10,000-limit cards, so it’s a lot of money." "It's like 80% waste, 20% fraud but you do have sort of gray areas. We saw a lot of payments going out of treasury that had no payment code, no explanation to the payment," Musk said. "Like a contract was supposed to be shut off, but someone forgot to shut it off, so the company kept getting money. is that waste or fraud? Both." "One of the biggest scam/fraud hauls we've uncovered -which is crazy- is that the government can give money to a so-called 'non-profit' with very few controls and there's no auditing subsequently of that non-profit," Musk said. "They then give themselves lavish insane salaries, expense everything to the non-profit, buying jets and homes and all sorts of things." "This is happening at scale," Musk said. "This is not just one or two, we're seeing this everywhere. It's insane." "You may think that these government computers all talk to each other—they synchronize, they add up what funds are going somewhere, and it’s coherent, that the numbers you’re presented as a senator are actually the real numbers," Musk offered. "They’re not." "I mean, they’re not totally wrong, but they’re probably off by 5% or 10% in some cases." "So, I call it a 'magic money computer,' any computer which can just make money out of thin air," he said. "It just issues payments. And you said there’s something like 11 of these computers at the Treasury that are sending out trillions in payments? They’re mostly at the Treasury. Some are at HHS, some—there’s one or two at State. There’s some at DOD. I think we’ve found now 14 magic money computers. They just send money out of nothing." https://www.youtube.com/watch?v=BDREZmpkIz8

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ELON MUSK JOINS VERDICT | Verdict Ep. 214 www.youtube.com

March 18, 2025

ANN KENEVAN

Elon Musk claims DOGE has found 14 'magic money computers' which create cash 'out of thin air' The Tesla CEO has alleged that the US fabricates payments through the creation of digital money Joe Yates Joe Yates... View More

Elon Musk claims DOGE has found 14 'magic money computers' which create cash 'out of thin air' www.unilad.com

March 18, 2025