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The Treasury pays out $5 trillion per year, and previously, payments lacked budget codes, obscuring their purpose. A $4 billion COVID fund in the Department of Education had no receipt requirements, leading to funds being used to rent Caesars Palace and stadiums for parties. When a receipt upload requirement was implemented, fund drawdowns ceased, even though the receipts were not verified. Fraud often starts small and hidden, but escalates over time if unchecked, eventually becoming brazen, such as renting out stadiums.

The Treasury's main payment system, PAM, handles about $5 trillion a year, roughly a billion dollars an hour. When we first looked at it, payments could be processed with no categorization or description – basically, untraceable blank checks. If this were a public company, it would be delisted, and the executives would be in jail. We recommended making payment categorization codes mandatory with some explanation required for each payment. This radical change is being implemented now, and I think it probably saves $100 billion a year. Where was that money going? It's hard to say what was waste and what was fraud. If the government sends money to someone who doesn't deserve it, is that waste, or fraud?

We found that the government was essentially sending untraceable blank checks. If a public company did this, they'd be delisted and executives would go to prison, but it's normal in the government. We recommended to the Treasury and Federal Reserve that payment categorization codes be mandatory, not optional, and that every payment need some explanation, even if we don't judge the quality of it. This is a radical change that's now being implemented. I'm guessing it probably saves about $100 billion a year. Where was that money going? It's hard to say if it was waste or fraud. Many payments were just approved and kept going even after the approving officer changed jobs, retired, or died. It's like forgetting to cancel a gym membership, but instead of $20 a month, it's $20 billion a year.

"Big Balls" says that "Big Balls" is their LinkedIn username because people on LinkedIn take themselves too seriously and are adverse to risk, and they wanted to be neither of those things. "Big Balls" is working on payment computer stuff to root out fraud and waste. There is no accounting of what payments actually go to in the payment computer. When looking at a specific line item, like $20,000,000, for the majority of payment systems, they don't know what the money is going to. This is a huge cause for concern because the upstream thing which is distributing the money literally has no checks, and no accountability to the actual American taxpayer, making it a huge vector for fraud, waste, and abuse. There is no incentive if you work in the government to respect taxpayer money, and incentives decide the outcomes.

A $4 billion COVID fund in the Department of Education had no receipt requirements, allowing people to draw down money freely. Upon investigation, it was found that the funds were used to rent Caesar's Palace and stadiums for parties. The Department of Education implemented a simple change requiring recipients to upload a receipt before drawing down money. Although the receipts were not checked and could be fake, requests for money stopped entirely. Initially, fraud starts small and is concealed, but if left unchecked, it grows more brazen over time, eventually escalating to renting out stadiums.

We've discovered $2.7 trillion in improper payments to Medicare, Medicaid, and overseas recipients who shouldn't have received them. This is just one example of the fraud, waste, and abuse we're identifying daily. Elon Musk highlighted Social Security payments being made to deceased individuals, which is clearly fraudulent. We're also finding contracts where, for instance, a million dollars was allocated, but only $500,000 was actually spent. Where did the remaining funds go? These are the issues we're addressing daily. This is exactly what President Trump promised to do during his campaign, and we are delivering on that promise.

Speaker 0 expresses a vision to transform government transparency and control over spending. The core goal is to blockchain the entire federal government, and to have every dime of federal spending online in real time, so there is day-by-day, month-by-month visibility into what the Department of Interior and Veterans Affairs (and other agencies) are spending money on. The speaker suggests there could be national security risks with such transparency, noting that some aspects could be “black box” or restricted, but asserts the ideal is real-time visibility into government spending. The speaker argues that the public should know exactly how money is spent, asking concrete questions like what the Department of Interior is spending money on, and whether they are buying items such as “$50 hammers” or “$200 bandages.” The overarching point is that this is “our money” and “we are the sovereign,” because “we create the government,” we earn the money, and “the government extract it from us with our consent.” Therefore, there is a right to know where the money goes.

Good evening. We're starting with Musk and "Big Balls," specifically people working for Elon Musk's "Department of Government Efficiency," or Doge. One case involves a 19-year-old, who goes by the username "Big Balls". These are young computer experts. Who doesn't feel better about "Big Balls" being in charge of American air traffic control?

Speaker 0 recalls Speaker 1 saying they wanted the login for every computer. Speaker 0 didn't understand it at the time, but now realizes that accessing the computers is key to reforming the government. Speaker 1 states that the government is run by hundreds of computers. Even a presidential executive order must ultimately be implemented at a computer. To understand accounting and eliminate waste and fraud, one must analyze the computer database. Asking humans to ask other humans and contractors is inefficient. The only way to reconcile databases and eliminate waste and fraud is to examine the computers directly. Speaker 1 refers to this as "reprogramming the matrix" and says it involves understanding and reconciling computer databases to identify waste and fraud.

I discovered that 20 million dead people are marked as alive in the social security database. Most fraud doesn't come directly from social security payments, but from disability, unemployment, and fake medical payments because these individuals are incorrectly marked as alive. We need to implement a simple "are you alive" check to prevent these fraudulent payments. This type of negligence would result in a public company being immediately delisted, and its executives imprisoned, but it's considered normal within the government. Therefore, I recommend that the Treasury and Federal Reserve make payment categorization codes mandatory, requiring an explanation for each payment, even if it's basic. This change would significantly improve the current system and potentially save hundreds of billions of dollars annually.

A basic search of the Social Security database revealed 20 million dead people marked as alive. While it's unclear if they're directly receiving Social Security payments, their "alive" status allows them to fraudulently obtain disability, unemployment, and fake medical payments. The fraud occurs because government databases don't communicate well. For example, the Treasury's main payments computer, PAM, handles $5 trillion in payments annually, roughly a billion dollars an hour. We discovered payments lacked categorization codes and descriptions, essentially untraceable blank checks. If a public company operated this way, it would be delisted, and executives would face imprisonment.

The discussion centers on the main payments system, referred to as PAM, described as the “payments computer” and commonly called PAM by everyone. PAM is responsible for almost $5,000,000,000,000 in payments per year, which equates to roughly a billion dollars every hour. The speakers indicate that, upon their arrival, they observed what they describe as a severe lack of payment metadata: payments could be processed with no payment categorization code and no description, effectively creating payments that were “untraceable blank checks.” The speakers contrast this situation with how such conduct would be viewed in the private sector, stating that if this were a public company, the company would be immediately delisted and the executive team would be thrown in prison. They emphasize that, in the context they are discussing, this kind of exposure is considered normal within the government. The overall point is that the payments system operates with extremely little traceability or descriptive data attached to transactions, creating a scenario they characterize as highly problematic and unacceptable in the private sector but commonplace in the government.

The Pentagon hides billions of dollars, with no accountability or audits. We need transparency. The only way to uncover the truth might be if someone leaks information online before mysteriously dying.

The speakers discuss identifying and addressing fraud and waste in government payment systems, where there is often no clear accounting of where the money goes. One speaker uses "Big Balls" as a LinkedIn username to signal risk-taking. Team members have faced hostility, including email threats and effigy hangings, for their work. One member dropped out of Harvard to contribute, citing the greater impact of this work. They emphasize their intense work ethic and dedication. They also highlight the collaboration with government employees who are eager for reform and express gratitude to those helping reduce waste and fraud. They stress that many government employees are dedicated and want to improve systems, and they are providing the tools and collaboration to empower them. Conflict is the exception, not the rule.

I've issued a deadline for agencies to submit waste reduction plans. Failure to comply will result in tech support intervention, which is essentially what my team is doing – fixing outdated government computer systems. We aim to find a trillion dollars in savings to prevent national bankruptcy. Every agency will have a "mini Elon Musk" to justify spending. We're freezing government credit cards for 30 days and doing a pulse check via email to see if employees are real and responsive, we suspect some are dead or even fictional. Some people are upset with our aid to Ukraine which has been spent on things like fashion shows, wine, and cheese puffs. Providing money to LGBTQ individuals in Serbia is also coming under fire. Some are questioning the loyalty of Elon Musk because of this. The Biden years proved we don't even need an active president, because institutions are running everything behind the scenes.

The Treasury pays out $5 trillion per year, and previously, payments lacked budget codes, obscuring their purpose. A $4 billion COVID fund in the Department of Education had no receipt requirements, leading to funds being used to rent Caesars Palace and stadiums for parties. When a receipt upload requirement was implemented, fund drawdowns ceased, even though the receipts were not verified. Fraud often starts small and hidden, but escalates over time if unchecked, eventually becoming brazen, such as renting out stadiums.

Chairman Marcia Taylor Green's subcommittee discovered $2.7 trillion in improper payments to Medicare, Medicaid, and overseas recipients. These payments went to individuals who should not have received them. Doge is identifying fraud, waste, and abuse daily. Elon Musk mentioned Social Security payments being sent to deceased individuals. There are also contracts where, for example, a million dollars was allocated, but only $500,000 was disbursed, raising questions about the missing funds. Doge is actively addressing these issues. President Trump campaigned on this and is delivering on that promise.

Speaker 0 stated that people on LinkedIn take themselves too seriously and avoid risk, so they decided to do the opposite. Currently, they are working on payment computer initiatives to root out fraud and waste. Speaker 0 found that there is no accounting of where payments actually go within the payment computer. When looking at a specific line item, like $20,000,000, it is often unknown where the money is going. Speaker 0 believes this lack of accountability is a huge cause for concern because the upstream entity distributing the money has no checks and balances, making it a significant vector for fraud, waste, and abuse. They claim there is no incentive to respect taxpayer money when working in the government, and incentives determine outcomes.

Initially, this person was disliked, but now both of you are facing animosity. I believe we're observing a defensive response from those benefiting from wasteful and fraudulent funds, as they're being exposed. People don't want their actions to come to light. During my time at PayPal, I learned a valuable lesson: the individuals who complained the most vehemently, rapidly, and with the greatest self-righteousness were often the fraudsters. Their over-the-top reactions served as an indicator of their fraudulent activities. That's how we were able to identify them.

The Treasury pays out $5 trillion per year, and previously, payments lacked budget codes, obscuring their purpose. A $4 billion COVID fund in the Department of Education had no receipt requirements, leading to funds being used to rent Caesars Palace and stadiums for parties. When a receipt upload requirement was implemented, fund drawdowns ceased, even though the receipts were not verified. Fraud often starts small and hidden, but escalates over time if unchecked, eventually becoming brazen, such as renting out stadiums.

I estimate over $100 billion in taxpayer money is wasted or stolen. I'm working to expose government waste, like with USAID. Elon Musk noticed my work on X, which was a shock. I use AI to analyze public databases, revealing fraud in federal grants and NGOs. People who say this data has always been available miss the point. I'm indexing it to make it accessible; AI is crucial because of the data's volume. My current project maps relationships between people in government, exposing connections like marriages and shared board memberships. Both Democrats and Republicans are involved in conflicts of interest, like congress members voting to fund NGOs they sit on. It's not a partisan issue. Exposing this is risky, and has changed my life, but I feel it's a mission I must pursue.

I estimate that over $100 billion of taxpayer money is being wasted or stolen. I'm a former programmer who uses AI to search public databases for government waste, like exposing USAID. Elon Musk noticed my work and shared it, which I'm grateful for. I'm working on a project to analyze connections and relationships between people in the government. You start to notice that they're all working together; they know each other. I want to map those relationships and put it on my website. Both Democrats and Republicans are involved in this corruption. We even have sitting members of Congress who sit on the NGOs and vote in congress for money for themselves. It's a huge conflict of interest. Exposing these things is scary, but I feel called to do this work.

The speaker claims that government computers, including those used by senators, do not accurately reflect real numbers and may be off by 5% to 10%. The speaker calls any computer that can make money out of thin air a "magic money computer." These computers issue payments and are primarily located at the Treasury Department, but also exist at HHS, State, and DOD. The speaker claims to have found 14 such "magic money computers" that send money out of nothing.

We're uncovering massive fraud, waste, and abuse daily. Recently, it was discovered that there were $2.7 trillion in improper payments to Medicare, Medicaid, and overseas. Social Security payments are even going to deceased individuals. We're also seeing contracts where the full amount wasn't delivered. For example, a million-dollar contract might only see $500,000 distributed, and we're working to find where the rest of the money went. This is exactly what I campaigned on, and what 77 million people elected me to do.

We've found some odd things, like bureaucrats with modest salaries somehow accumulating millions while in their positions. It makes you wonder where that money comes from. It seems taxpayers are footing the bill for this wealth. Basic controls that any company would have are missing at Treasury, like payment categorization codes or comments explaining payments. The "do not pay" list, meant for terrorists and fraudsters, takes up to a year to get on and isn't even used. Departments fail audits because of these missing controls. It boils down to complaint minimization. Approving all payments avoids complaints, even from fraudsters. But we need to complain when money is misspent and demand taxpayer dollars are used wisely. It's just common sense. We even see people claiming Social Security who are 50 years old!