Topic: Federal Regulations

The U.S. Senate voted 99 to 1 to strike a provision from the "Big Beautiful Bill" that would have established a 10-year federal moratorium on state AI regulations. Senator Marsha Blackburn led the effort to remove what was described as a "license for an AI dictatorship" that would have granted tech companies blanket immunity from state laws. Senator Thom Tillis of North Carolina was the sole vote in favor of keeping the provision.

Donald Trump details his immediate freeze on federal hiring, foreign aid, and new regulations while announcing the termination of the "Green New Deal" and withdrawal from the Paris Climate Accord. He reiterates his policy of eliminating ten old regulations for every one new regulation introduced. Trump also addresses the "weaponized government," telling Democrats to their faces that their "lawfare" and attempts to prosecute him have failed.

Dr. Kirk Elliott joins the show to discuss the expiration of the Bank Term Funding Program (BTFP) on March 11th. He explains that during COVID, the Fed reduced reserve requirements to zero, leaving banks under-capitalized. As interest rates rise to combat inflation, banks are facing a liquidity crisis without the emergency funding that previously prevented bank runs.

During the COVID-19 pandemic, the Federal Reserve reduced the reserve requirement for banks to zero percent. This allowed banks to lend out 100% of their deposits, creating a structural liquidity crisis when withdrawals increased. As Americans max out credit cards and face rising delinquencies, Dr. Elliott predicts a massive "Bank Failure 2.0" that will be used to usher in digital control.

Alex Jones recounts the February 2021 Texas power grid failure, claiming the federal government denied emergency requests to increase power generation at coal plants. He alleges that ERCOT and federal regulators deliberately allowed hundreds to die to "train" the public for a lower standard of living. Jones asserts that elite areas of Austin never lost power, comparing the situation to Ceausescu's Romania.