Wall Street Apes on Nostr: This is going to blow your mind 🚨 Elon Musk tells Joe Rogan during his interview, ...
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.”
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.”