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BBS Radio TV is engaged in the production and distribution of original live talk radio. We engineer and produce over 120 hours of talk show programming every week since 2004. A network of powerful personalities providing illuminating information!


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Brother Jim Shaw Ministries, September 16, 2026

Wed, 16 Sep 2026
Brother Jim Shaw Ministries

Get Behind Me, Satan: Resisting False Idols and the Cares of This World

Brother Jim Shaw preaches on Jesus's wilderness temptation in Luke 4, warning that comforts, riches, and everyday cares of family and money can quietly become idols that choke out the Word of God, and he urges listeners to take the narrow road to Christ.

Deception, Comfort, and the Only Way to God
Brother Jim Shaw opens the broadcast by turning to Jesus's repeated warning in Matthew 24 not to be deceived, noting that if Christ warns believers so many times, deception must pose a real danger. He says people are often deceived through comforts, which can quietly become gods in their own right. Brother Jim states plainly that there is only one way to the Father, through the Word made flesh, Jesus Christ, who suffered, died on a cross, and rose again as the Lamb of God, the extreme sacrifice. Outside of that, he says, the world is run by devils who tempt people into sin and prey on the soul and the spirit. He lists hatred, misused sexuality, bitterness, unforgiveness, revenge, and idol worship as struggles common to all people, insisting that Christ alone offers freedom from them, not any other religion or belief system.

The Wilderness Temptation in Luke 4
Brother Jim Shaw turns to Luke 4 and the second stage of Jesus's wilderness temptation, when Satan meets him directly after the Holy Spirit has led him into the desert. He describes how the devil takes Jesus to a high mountain and shows him all the kingdoms of the world in a single moment of time, each kingdom carrying its own riches, women, parties, and reputation. Brother Jim quotes the devil's offer: all authority and glory over these kingdoms would be given to Jesus if only he would worship Satan, since that authority had been delivered to the devil to give to whomever he chooses. He reminds listeners that Jesus was fully man, conceived by the Holy Ghost yet born of a woman under the law, and so was tempted exactly as any person is tempted. Unlike his listeners, though, Brother Jim notes, Jesus also carried the unique power to forgive sins.

Idols Hidden in Everyday Blessings
Brother Jim Shaw applies the temptation account to daily life, warning that people can turn almost anything into an idol: reputation, education, the medical community, women, partying, cars, houses, or a paycheck. Because Satan claims authority to hand these things to whomever he wishes, Brother Jim urges listeners to make sure that any blessing in their life truly comes from the Lord Jesus Christ rather than assuming a comfort or an addition to their life is automatically a blessing. He says the only real blessing is the revelation that Jesus died on the cross for sin and that believers have been reborn as new creations, with old things passed away and all things made new. Brother Jim describes the human body as a rental unit and a temple in which the Father, the Son, and the Holy Ghost dwell, urging listeners to accept that they will die and to hold onto that simple truth of Christ.

Get Behind Me, Satan
Brother Jim Shaw reads Jesus's answer to the devil: 'Get behind me, Satan, for it is written, thou shalt worship the Lord thy God, and him only shalt thou serve.' He frames this as Jesus confronting Satan directly, refusing to worship a defeated king over kingdoms destined to turn to dust. Brother Jim then turns the lesson toward his listeners, confessing how easily people set goals and visions in front of themselves, quietly reasoning that enough money would bring them what they want. He prays aloud for mercy on this tendency and warns that Satan often works by blurring vision with things rather than outright rebellion. He introduces Mark chapter 4 as the next warning, describing how the cares of this world, the deceitfulness of riches, and the lust of other things can enter a person's life and choke out the word of God that lives within them.

Cares of This World, Family, and Money
Brother Jim Shaw explains that the cares of this world named in Mark 4:19 can include ordinary things such as concern for children, parents, or a spouse, and he stresses that caring for family is right unless that care begins to rule a person's life above Christ. He argues that the best gift for a family is a parent or spouse who is fully sold out to Jesus, someone who recognizes every breath as a gift from God and has been born from above rather than shaped only by upbringing, education, or church attendance. Turning to money, Brother Jim calls it the closest worldly substitute for the Holy Spirit, capable of imitating peace, joy, comfort, and contentment until death forces a reckoning with eternity. He reminds listeners that life is a vapor and a blade of grass that will pass away, urging them to renew their minds with that truth, raise the shield of faith, and resist slowly conforming to the world's values.

Bearing Fruit on the Narrow Road
Brother Jim Shaw warns that when the cares of the world and the deceitfulness of riches choke the word of God, the result is an unfruitful life, one that fails to produce the fruit of the Spirit listed in Galatians 5:22: love, joy, peace, longsuffering, kindness, gentleness, goodness, faith, meekness, and self-control. Without that fruit, he says, bitterness, revenge, envy, and lust take its place instead. He describes the Christian life as a war and a continual trial, comparing it to how the Lord tested his people in the Old Testament and insisting that no believer can escape being tested. Brother Jim pictures this testing as a fork in the road, one path wide and easy, the other narrow, and urges listeners repeatedly to take the narrow road toward Jesus rather than the world's wide path. He closes the broadcast by calling listeners to accept Jesus Christ, live through him, and let him fight their battles, ending with a blessing and amen.

Tony Alamo, September 16, 2026

Wed, 16 Sep 2026
Tony Alamo

How To Have God's Life Living In You Part 161: 144,000 Sealed Jews and Revelation's Trumpet Judgments

Tony Alamo devotes program 263, part 161 of his teaching series, to Revelation chapters seven through nine, describing a multi-city newspaper campaign aimed at reaching 144,000 Jews before what he says are the earth's coming plagues.

Opening Prayer and Program Introduction
Tony Alamo opens the broadcast directly, identifying himself as world pastor and naming the program number two hundred sixty-three, part one hundred sixty-one of his ongoing series How to Have God's Life Living in You. He tells listeners a free copy on tape or CD is available, postage included, and that the day's message comes from the seventh chapter of Revelation, which he says the Lord has given him a strong new revelation about. Alamo leads an opening prayer asking for the Holy Spirit's fire and power to fall on the broadcast, thanking God for a vision of winning 144,000 Jews before the earth's great plagues begin, and asking that listeners' ears, hearts, minds and souls be opened to receive the message and be saved. He asks for the church to be given more power, wisdom and zeal, closes in Jesus' name, and an unidentified woman in the studio answers with an audible amen.

A Recorded Hymn and a Call to Educate
With the prayer finished, Tony Alamo introduces a recording of his own performance of Exodus, arranged by Joe Leahy with his orchestra and choir, words written by Pat Boone, explaining that the song's promise was never given to anyone but the Jews and still stands because God's word never changes. After the music plays, he tells listeners he feels sad for people who never read the Bible or who read it without receiving it into their hearts, criticizing television preachers who claim God's blessing means cars and material things rather than the call to be soul winners for the bride of Christ. He says the broadcast is for education, not entertainment, that listeners who cannot go into the world themselves should support those who do, and that he has never cared about being liked, only about doing what the Lord tells him, adding that longtime associates who doubt he is of the Lord know better and are, in his words, devils.

Letters From Chile, India, and Nicaragua
Tony Alamo turns to a co-host he addresses first as Libby and later as Sharon, a discrepancy left unresolved in the recording, asking her to read listener mail before the day's teaching begins. She reads a letter from Rodolfo in Concepción, Chile, thanking the ministry for literature that has produced sincere testimonies of transformed lives across Latin America and asking that the mailings continue. A second letter comes from Benajari in Krishna District, Andhra Pradesh, India, describing his home as a distribution point for the ministry's newsletters and requesting CDs, Bibles, tapes and t-shirts in large and extra-large sizes. A third letter, from Pastor Silvio in Managua, Nicaragua, says he received Alamo's audio messages and now distributes them among personnel in the Nicaraguan army and government, and asks for a taped copy of Alamo's personal testimony to broadcast on his own radio program. Alamo thanks the letter writers, reminding listeners the ministry belongs to the Lord rather than to him personally.

A Newspaper Crusade To Reach 144,000 Jews
Alamo describes a strategy he says the Lord gave him: using ministry funds to buy full-page gospel advertisements, built from his own literature such as his personal testimony, Difficult Mountains, Mass Suicide, and his late wife Susie's writing, in major newspapers including the Tulsa World, the Oklahoman, the Arkansas Democrat, the New York Daily News, the San Diego Union, the Texarkana Gazette, the Long Island Press, and papers across Montana. He focuses on the New York Daily News, noting the city's large Jewish population and claiming a single full page has cost thirty-six or thirty-seven thousand dollars, with more than one hundred thousand dollars spent over three weeks, and that phone lines at the ministry's Fort Smith and Los Angeles offices have been ringing constantly. He says he altered some content to get past editors he believes fear angering the Vatican, and instructs street witnesses to carry tear sheets from the papers to show Jewish readers the ministry has been published nationally, hoping to move them to request his booklet The Messiah.

Reading Revelation Chapters Seven and Eight
Turning to scripture, Alamo has the unidentified woman reading for him work through Revelation chapter seven, four angels holding back the four winds until the servants of God are sealed in their foreheads, followed by the sealing of twelve thousand from each of the twelve tribes and a vision of a great multitude in white robes before the throne who have come out of great tribulation. Alamo insists there is no rapture before that tribulation, warning that lukewarm churchgoers expecting only blessings, not trials, will be disappointed. Moving to chapter eight, the reading covers the seventh seal's half hour of silence, which Alamo compares to the stillness before a tornado, followed by the first four trumpet judgments: hail and fire burning a third of the trees and all green grass, a burning mountain turning a third of the sea to blood and killing sea creatures and ships, the star Wormwood poisoning a third of earth's fresh waters, and a third of the sun, moon and stars darkened, all of which Alamo insists must wait until the 144,000 are saved.

Chapter Nine's Locusts and a Salvation Prayer
The reading continues into chapter nine, the fifth angel loosing locusts from the bottomless pit with power like scorpions to torment, but not kill, those without God's seal for five months, ruled by the angel Abaddon, also called Apollyon, and the sixth angel releasing four angels bound at the river Euphrates to kill a third of mankind. Alamo connects the torment to judges, prosecutors and abusive spouses he believes will reap what they sowed, and points to earthquakes, tsunamis and the destruction he describes in New Orleans as earlier warnings of the disasters ahead. Noting he has now covered five of Revelation's twenty-two chapters, Alamo leads listeners in a spoken salvation prayer confessing belief in Jesus as the Son of God who died, rose, and can wash away sin, assuring anyone who prayed along that they are saved. Sharon closes with the ministry's website, Texarkana, Texas post office box, and phone and fax numbers for a free copy of program 263, and Alamo signs off performing Israel's national anthem, Hatikvah.

Sasha Talks, September 15, 2026

Wed, 16 Sep 2026
Sasha Talks with Sasha Laghonh

Around the World in More Than 80 Days: Faith, Freedom, and Global Perspective with Larry Alex Taunton

Author and cultural commentator Larry Alex Taunton joins Sasha Laghonh to talk about his book Around the World in More Than 80 Days, sharing stories from Nigeria to China and warning about growing threats to free speech in America.

A Book Sparked By Colin Kaepernick
Sasha Laghonh opens the show by introducing Larry Alex Taunton, the American author, columnist and cultural commentator known for appearances on CNN, Fox News, Al Jazeera America and the BBC, and for previous books including The Grace Effect and The Faith of Christopher Hitchens. She welcomes him to talk about his newest work, Around the World in More Than 80 Days, and asks how long the project took to complete. Taunton explains that three years of research and travel preceded roughly eight months of actual writing. Asked what prompted him to test whether America still deserves its reputation for greatness, he points to Colin Kaepernick, the former NFL quarterback whose kneeling protests and alliance with Nike struck Taunton as symptomatic of a generation ignorant of both its own opportunities and the realities of life elsewhere. He set out, he tells Sasha, to demonstrate both points at once.

Mapping A Global Itinerary
Sasha asks whether Taunton planned his route or improvised as he assessed each country's climate. He describes a carefully constructed itinerary built around a short list of nations that could plausibly compete for the title of world's greatest country, alongside former Marxist states and African nations grappling with the spread of Islam, chosen to give readers a fuller picture of how most of the world actually lives under some form of authoritarian rule. The project, he says, visited 35 countries in all, though eight were left out of the final book to keep it readable, with 26 countries making the cut. He credits Jules Verne's Around the World in Eighty Days as inspiration for the adventure format, noting that his team used the same variety of transportation Phileas Fogg once did. The result, he says, is meant to entertain while quietly educating readers about the wider world beyond America's borders.

Surprises, Middle Class, And Traveling Sons
Despite having already visited roughly 40 countries before this trip, Taunton tells Sasha he still encountered surprises, discovering that Donald Trump carries real popularity in non-Islamic parts of Africa and that Americans are unexpectedly well liked in Vietnam. He insists the book is not a blanket celebration of the United States, since the journey also revealed things worth admiring elsewhere. Sasha asks about the American middle class compared with its counterparts abroad, and Taunton argues it remains better off, though he warns that could erode under different tax and economic policy. Two of his three sons, Christopher and Zachary, joined him for portions of the trip, though he kept them away from the most dangerous stops. Zachary documented the journey in video blogs for his own generation, and Taunton says both sons, already well traveled and loving of their country, came home with a deepened appreciation for the United States.

Danger In Nigeria And A Denied Visa
The conversation turns to risk, and Taunton recounts traveling to Nigeria at the invitation of a bishop to document Christian persecution, citing a figure of roughly 100,000 Christians killed globally each year, mostly by Muslims. He describes being driven six hours through territory patrolled by Fulani herdsmen militia, hidden in a darkened Toyota Sequoia, and visiting villages where families had been murdered or enslaved. He declined an offer of armed security, reasoning it would make him a bigger target, and instead relied on blending in and following local advice, noting that even a concealed handgun would be useless against the AK-47s common in such regions. Sasha asks about visa troubles tied to his profession, and Taunton reveals China denied him entry after he refused to sign a pledge not to write anything negative about the country, though he had already visited Hong Kong seven times during the trip.

Warnings About Censorship And The First Amendment
Asked whether the First Amendment is being abused, Taunton says he sees Chinese-style censorship taking hold in America, pointing to social media platforms shutting down accounts belonging to the sitting president, his press secretary, and The New York Post. He argues Americans have historically been trusted to weigh distasteful or sensational speech for themselves, and that ceding that judgment to tech companies is dangerous. Pressed on where the First Amendment stands in five years, he predicts the United States is drifting toward the restricted speech norms of Britain, France and Germany, and warns the Second Amendment could face similar erosion if Joe Biden is elected. He places responsibility on a culture that abandoned real dialogue in favor of silencing disagreement, cautioning listeners who cheer today's censorship that the same tools will eventually be turned on them. He also laments widespread ignorance among young Americans about the history and human cost of Marxism.

Debates, Future Books, And Where To Find Him
Sasha asks about Taunton's history of public debate through his nonprofit, Fixed Point Foundation, which pitted him and colleagues like John Lennox and Dinesh D'Souza against atheists including Christopher Hitchens, Richard Dawkins and Michael Shermer. He says he now hopes to challenge media figures pushing Marxist ideas, questioning whether they are ignorant of history or simply indifferent to it. Looking ahead, he mentions a novel in progress and early notes toward a dual biography of Karl Marx and the London preacher Charles Spurgeon, contemporaries who never met but competed for the same souls. He advises aspiring writers to skip journalism school, and shares that his adopted daughter's Ukrainian passport once got her turned away in Paris despite his own American passport working fine. Sasha closes by asking listeners to find him at larryalextaunton.com and to seek out Around the World in More Than 80 Days at major retailers.

Cathy Durant Show, September 15, 2026

Wed, 16 Sep 2026
Guest, John Hadity, EVP of Incentive Operations and oversees the film financing subsidiary of Entertainment Partners

Financing the Screen: Tax Incentives, Completion Bonds and the Road Back to Production

Turning Production Incentives Into Film Financing
Cathy Durant speaks with Entertainment Partners guest John Hadity about the role production incentives play in financing film and television projects. Hadity describes moving from studio work and independent producing into tax-credit financing after noticing that state incentive programs remained active during an economic downturn. He explains that incentives may include refundable or transferable tax credits, rebates, and grants, and that productions can compare jurisdictions based on eligible labor and non-labor spending. He also describes Entertainment Partners as providing support in areas such as production planning, budgeting, scheduling, accounting, and incentive administration. The conversation emphasizes that the location of a production can materially affect its financing plan. Hadity points to projects filmed outside the locations depicted on screen as examples of how incentives and other financial considerations can shape production decisions.

How Tax-Credit Loans and Completion Bonds Work
A substantial portion of the discussion focuses on borrowing against anticipated production incentives. Hadity explains that the speed of repayment can vary significantly by jurisdiction and that Entertainment Partners maps expected timelines for producers and borrowers. He describes why a completion bond may be required when a lender advances money against a credit that depends on the project actually being finished. The bond company, he says, needs access to the full production budget before issuing its guarantee. Durant shares an experience in which foreign investors would not place their funds into a U.S. escrow account, which prevented the financing structure from satisfying the bond company. The exchange highlights the relationship among equity, incentive-backed loans, escrow requirements, and completion guarantees.

Administration, Accounting and the Production Entity
Hadity explains that production-incentive administration begins with the initial application and continues through expense tracking, accounting coordination, audit preparation, final submission, and responses to state questions. He says the production entity itself must pay qualified expenses and maintain records such as a check register, general ledger, and trial balance. Depending on the incentive, that entity may be an LLC or a C-corporation. He also explains that a filmmaker can retain underlying ownership while granting a one-picture license to the production entity so it can make and deliver the project. The discussion presents production structure as both a financing and compliance issue. Durant and Hadity repeatedly stress the importance of getting those structural details in place before production begins.

Distribution, Sales Estimates and Streaming Deals
The conversation then moves to distribution, including North American rights, international sales agents, foreign-sales estimates, and the role of recognizable talent in creating bankable pre-sales. Hadity explains that a sales agent may estimate a project’s value in different territories based on buyer demand and the creative package, and that lenders may sometimes finance against credible estimates. He cautions independent producers about streaming-platform acquisitions, particularly offers for worldwide rights in perpetuity that may be lower than the project’s production cost. In that situation, he says, producers need legal counsel that understands the financing plan and repayment obligations to investors. The speakers also discuss the continuing role of studios in acquisitions and festivals. Hadity’s central warning is that broad distribution exposure does not automatically mean a producer or investor will recover the project’s full cost.

Strikes, Recovery and Preparing for Production
Durant and Hadity discuss the effects of the writers’ and actors’ strikes following the disruption of the pandemic. Hadity says television was particularly affected by the writers’ strike and that the actors’ strike brought production to a much broader halt. Despite the slowdown, he expresses confidence that the industry will recover and says companies were preparing for a major surge in production once labor issues were resolved. His repeated advice to producers is to prepare: break down scripts, build schedules and budgets, choose jurisdictions, obtain incentive-loan quotes, raise the remaining financing, line up payroll, open accounts, discuss insurance, and begin conversations with bond companies. The discussion also covers AFM and the value of film markets for producers, financiers, distributors, buyers, and sellers. Hadity says he evaluates festival attendance based on whether the expected return justifies the cost.

The Future of Film, Television and New Filmmakers
In the closing portion, the speakers discuss streaming, theatrical exhibition, faith-based projects, and opportunities for new directors. Hadity says television and streaming-series production appears more active by volume, while large studio films can still employ much larger crews on individual projects. He does not believe movie theaters are disappearing, citing major event releases as evidence that theatrical audiences can still generate strong results even while overall volume remains under pressure. The conversation also considers faith-based filmmaking and Tyler Perry as an example of an audience-driven production and marketing model. Hadity says he is not afraid of first-time directors and recalls working around filmmakers such as Kevin Smith, Robert Rodriguez, and Quentin Tarantino, but he is more cautious about first-time producers because the producer functions like the CEO of the production. He closes with an optimistic view that the industry will survive the current disruptions and emerge strong.

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Saving with Steve, September 15, 2026

Wed, 16 Sep 2026
Saving With Steve with Steve Sexton

European Cycling Holidays, Shoulder-Season Savings, and Guided Versus Self-Guided Tours with Riccardo Sedola

Steve Sexton talks with Riccardo Sedola of Life on Bike about planning a European cycling holiday during shoulder season, covering guided versus self-guided tours, e-bike rentals and money-saving tips, before closing with a warning about Treasury bond risk tied to Japan's yen intervention.

Welcoming Riccardo Sedola For Shoulder Season Cycling
Steve Sexton opens the show with a preview of shoulder-season travel, noting that cycling across Europe during September and October is considered one of the best times to go. He welcomes Riccardo Sedola, who works with Life on Bike, a platform that aggregates cycling tour operators across Europe, to walk listeners through planning a European bike trip. Sedola explains that his path into the industry began nearly twenty years ago, when he started guiding cycling trips for students before becoming a professional guide leading tours from capital to capital across the continent. What began as weekend outings grew into week-long and ten-day holidays, and eventually into scouting and designing full tours himself. That experience led him to build relationships with tour operators throughout Europe, which became the foundation for Life on Bike, a service that helps travelers compare cycling holidays and choose the right operator for their needs, interests and available time.

Guided Versus Self-Guided Tours Explained
Sexton asks Sedola to explain the biggest difference between guided and self-guided cycling tours, a question he says listeners raise constantly. Sedola says cycling groups suit travelers who want companionship and new friendships, but Europe's well-marked routes, frequent villages and hotels make getting lost nearly impossible, which makes self-guided touring an easy and freeing option. Both formats include the same core services, he explains: hotel accommodation, luggage transfer between stops, and clear directions to the next stage. The only real difference is whether a guide travels with the group to set the pace, keep everyone together and narrate the history along the way. Sexton adds that self-guided travelers move at their own rhythm but may pass centuries of history without the context a guide would provide. Sedola frames the choice as a trade-off between solitude and freedom versus companionship and guidance, noting that self-guided touring also tends to cost less money.

Choosing The Right Bike For European Touring
Sexton, who rides a hybrid bike, and mentions his son's touring bike, asks whether travelers should bring their own equipment or rent locally. Sedola advises against bringing a personal bike, explaining that most airlines will not transport e-bikes and that renting removes the burden of maintenance, since a rental company will simply swap out a damaged bike. He notes a practical advantage for point-to-point routes such as the Danube River: a rented bike can be picked up in one city and dropped off in another, while a personal bike would need to be carried back to its starting point. E-bikes, Sedola adds, have become especially popular for couples with mismatched fitness levels, letting a less experienced rider keep pace comfortably. For the road surfaces travelers typically encounter, he recommends a trekking or hybrid bike rather than a pure road bike, reserving road bikes for sportier tours through mountain passes like the Dolomites or the climbs of the Tour de France.

A Typical Day On A Cycling Tour
Sedola walks Sexton through a typical itinerary, starting with an arrival day that involves only checking into the hotel, where travelers receive either a guide or a welcome kit with maps, a routing app and a safety phone number. Cycling begins the next morning after breakfast, with stages usually covering twenty-five to thirty-five miles broken up by coffee breaks and stops to rest or sightsee, while a van carries luggage ahead to the next hotel. Sedola calls this slow tourism, arguing that cycling moves fast enough to cover real distance while staying slow enough to smell a tulip field or stop and talk with people along the way. Sexton compares it to riding roughly ten or twelve miles at a time between breaks. Sedola also describes bike-and-boat tours, popular in Holland and Croatia, where a boat serves as the moving hotel, sparing travelers from repacking each night and letting anyone who wants a rest day simply stay aboard.

Saving Money And Avoiding Common Mistakes
Sedola tells Sexton that shoulder season, along with March and April in destinations like Spain and Portugal, can save travelers fifteen to thirty percent compared with high season, which runs from late June through mid-September. He cites an eight-day Danube River tour priced at 784 euros in August that drops by almost forty-five percent for an October departure, though the exact October figure is garbled in the source transcript, and notes that restaurants and other local services are less crowded and more affordable outside peak months. Renting a standard bike, he says, typically runs between 90 and 150 euros per week, and booking well ahead of departure keeps prices lowest. Turning to common mistakes, Sedola warns travelers not to choose a tour without matching it to their fitness level and interests, and not to underestimate the weather, since rain is common, especially in northern Europe. He stresses that self-guided riders must be ready to fix a flat tire themselves, since no mechanic will simply appear on a rural route.

Touring The Website And A Closing Economic Warning
Before wrapping up with Sedola, Sexton pulls up the Life on Bike website live on screen, clicking through listings that include a Stockholm island-hopping route, a Belgium-Holland-Amsterdam barge tour, a Normandy ride from Rennes to Mont-Saint-Michel, and a Bordeaux-region vineyard break near Bergerac that he jokes his wife would love. He notes the site lists more than 220 routes across 20 countries, lets travelers compare tours by star rating, and shows what is included, cancellation terms and add-ons like wine tasting. Sexton thanks Sedola and promises to post a link on the show's website. After Sedola signs off, Sexton pivots to the economy, explaining that the US Treasury recently sold euros to prop up the Japanese yen, since Japan holds more than a trillion dollars in US Treasuries it may need to sell to pay down debt. He links this to a sharp rise in AI-related bond issuance and Federal Reserve balance-sheet moves, warning listeners with bond funds to review their portfolios calmly rather than panic.

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