On a recent podcast, Elon Musk and Senator Ted Cruz discussed Musk’s “bombshell” discovery that the federal government had “magic money computers” that could issue payments from “nothing”.
To anyone who has spent little time thinking about how money is created, this might seem astounding. In fact, money has always been created from nothing. Throughout history, various authorities have created money by simply marking numbers on paper, clay tablets, wooden tally sticks, and other materials of little intrinsic value. Since the advent of computers, we’ve been doing it primarily by changing numbers on financial accounts using nothing more than a keyboard. That is exactly what those “magic money computers” do.
Don’t take my word for this. Search YouTube – for example, “Bernanke printing money”.
This isn’t news, either. 50 years ago, economist John Kenneth Galbraith wrote, “The process by which money is created is so simple that the mind is repelled.” This is what he meant.
That a self-proclaimed “genius” and a sitting U.S. Senator appear to be oblivious to this simple fact speaks volumes. It also highlights the depravity of this administration’s reckless and indiscriminate destruction of our government.
However, saving money is not Musk’s objective. His goal is to destroy the institutions of government, reduce its functionality and power, and replace it with a technocratic government run by himself and his fellow tech bros. Rest in peace, U.S. Constitution.
They hope to achieve that goal before the rest of us figure out how to stop them.
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