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🇺🇸 ELON: SIMPLE CHANGES COULD STOP BILLIONS IN GOVERNMENT FRAUD Elon's describing something so basic it's shocking it doesn't already exist. Every private company tracks who authorized payments, what they're for, and who to contact about them. The federal government apparently just sends money out with zero documentation or...

75,544 次观看 • 8 个月前 •via X (Twitter)

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This is going to blow your mind 🚨 Elon Musk tells Joe Rogan during his interview, the government payment system called ‘PAM’ processes $5 trillion dollars a year, that’s a BILLION DOLLARS AN HOUR It’s setup in a way to process “Basically UNTRACEABLE BLANK CHECKS — This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.” - Just with a basic search of the Social Security database there were 20 million dead people marked as alive — Some of them were getting money - Elon Musk “was trying to get an answer right before the show” but was unable to exact figures - Elon Musk says “Most of the fraud is not coming from social security payments directly, but because they're marked as alive in the social security database, they can then get disability unemployment, sort of fake medical payments and other things because they're marked as alive in the social security database (BUT THE’RE DEAD) - The systems between Social Security, payments systems, government databases, medical payments, these systems don’t communicate between each other, “They don't talk to each other, they talk to each other very poorly in a very limited way. So the way that the system gets exploited is by taking advantage of the the poor communication between the various databases in the government” Here’s where it gets REALLY crazy There is a government payment that’s processed $5 TRILLION DOLLARS a year, that’s A BILLION DOLLARS AN HOUR “To give you an example of like what's happening in say Treasury, which is improving rapidly the main payments computer's called PAM, Payment Accounts Database or something like that. But everyone calls a PAM that's responsible for almost $5 trillion of payments a year, roughly a billion dollars an hour. When we came there, we're looking at this payment. The payments have no, you could put a payment through with no payment categorization code and no description on the payment, like basically untraceable blank checks.” “This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.”

Wall Street Apes

965,953 次观看 • 1 年前

Elon Musk: Without AI and robotics, the U.S. is totally screwed. Interest on the national debt is now higher than the military budget — over $1 trillion a year. Nothing else can solve the national debt. Without AI and robots, we will go bankrupt as a country. The interest payments on U.S. debt exceed a trillion dollars. That’s more than the entire military budget. I realized if we don’t slow this down, the country fails — unless AI and robotics buy us enough time to fix it. People think you can just ‘cut waste and fraud.’ What I discovered is it’s insanely hard — even when the waste is obvious. Like 20 million people marked alive in Social Security who are over 115 years old. If someone is 115 and alive in the database, something is wrong. The GAO estimated fraud during the Biden administration at roughly $500 billion. And when the government runs out of money? They don’t stop — they just print more. Imagine the DMV, but worse — because this DMV can print money. That’s the federal government. A massive, uncaring bureaucracy running on inaccurate computers that just keep sending payments. One simple fix could save $100–200 billion a year: require every Treasury payment to include an appropriation code and any explanation. Sounds obvious — but payments were going out with no code, no link to Congress, no comment. Papers were literally being sent out from the main Treasury system with no appropriation, no accountability, and no explanation. This isn’t politics — it’s basic math.

Ian Miles Cheong

14,596 次观看 • 7 个月前