How globalist central banks are trapped in their own fraud

• Andy Schectman revealed that the London Bullion Market Association (LBMA) is a catastrophic time bomb, claiming to hold 279 million ounces of gold when 240 million ounces are locked away. This leaves a “float” of only 36 million ounces to cover 380 million ounces in outstanding paper contracts—a more than 10-to-1 ratio, exposing a massive, unbacked fraud dressed in the emperor’s new clothes.
• Savvy sovereign entities like the BRICS nations have exploited the paper gold system’s weakness by standing for physical delivery, forcing JP Morgan to deliver $4 billion in gold in a single month. Schectman warned that the “run on the bank” has begun and when the public wakes up, the paper market will collapse, leaving only those with self-custodied gold as winners in the coming global financial reset.
• A hidden network of “IRA companies” is systematically defrauding American retirees using high-pressure sales tactics. They sell obscure quarter-ounce gold coins for $900-$1,300 (over 100% premium) and one-ounce silver coins for $60-$120, funded by massive ad payouts to celebrities, leaving victims owning un-tradable “collectibles” worth pennies on the dollar.
• The article frames central banks as corrupt, self-interested private organizations that have manipulated gold and silver prices, supported wars and laundered money for centuries. Their paper lies are now collapsing as 90% of London’s gold is nothing but unbacked promises, and the BRICS nations are draining physical metal from Western vaults.
• Schectman’s interview serves as a dire warning that every American saving for retirement must convert cash into tangible assets like gold or silver. He advises contacting a dealer of integrity (like his own firm, Miles Franklin) to expose fraud and recover wealth before the next wave of globalist depopulation and financial collapse.

On Day 1 of “Breaking the Chains 2026,” aired on June 13, Andy Schectman, president of Miles Franklin Precious Metals, revealed that the London Bullion Market Association (LBMA) is sitting on a time bomb of catastrophic proportions.

“The LBMA claims to hold 279 million ounces of gold,” Schectman stated, his voice carrying the weight of a man who has watched the fraud unfold for decades. “But a staggering 240 million ounces are locked away, leaving a ‘float’ of only 36 million ounces to cover 380 million ounces in outstanding spot contracts—a ratio of over 10-to-1.”

This isn’t a market. It’s a giant, unbacked Ponzi scheme dressed in the emperor’s new clothes. The very institutions that rigged the game are now finding themselves trapped in their own web. The BRICS nations and other savvy sovereign entities have already exploited this weakness by standing for physical delivery, forcing JP Morgan to deliver $4 billion in gold in a single month. The “run on the bank” has begun.

Schectman’s analysis cuts through the noise like a surgical blade: “This isn’t a market; it’s a giant, unbacked Ponzi scheme.” The paper gold market, where 380 million ounces of contracts chase a physical float of only 36 million ounces, is the final trap for the globalist financial system. When the public finally wakes up and demands delivery—and they will—the paper market will collapse, leaving only those with real, self-custodied gold as the winners in the coming global financial reset.

A Ponzi scheme, according to BrightU.AI‘s Enoch, is a fraudulent investment scam that pays returns to earlier investors using the capital of newer investors, rather than from legitimate profit, creating an unsustainable pyramid of debt and deception that inevitably collapses when new money dries up.

How a cartel of “IRA specialists” is robbing the elderly of their life savings

But Schectman’s warning did not stop at the macro level. He pulled back the curtain on a hidden network of “IRA companies” operating a coordinated scam that is systematically defrauding God-fearing Americans of their retirement savings. These firms, which likely share the same training and marketing materials, are selling obscure, quarter-ounce gold coins for $900 to $1,300 each—over a 100% premium—and one-ounce silver coins for $60 to $120.

The scheme is funded by massive advertising payouts to celebrities and influencers, some offered as much as $100,000 a month, who promote these firms to their trusting audiences. The victims are often retirees who pour in $250,000 of their savings, only to find they own un-tradable “collectibles” worth pennies on the dollar.

Schectman named the key players without naming specific firms, per his code and provides the life-saving remedy: contact a dealer of integrity like Miles Franklin to expose the fraud and recover their wealth before the next wave of depopulation hits.

The Ponzi emperor’s new clothes: Why 90% of all “gold” is a paper lie

The central banks, those self-interested private organizations that have deluded, impoverished and controlled the population with fiat currency for centuries, are now facing their final judgment. They have manipulated gold and silver prices to their own advantage, supported both sides of wars and conflicts and laundered money in criminal operations seemingly above the law. But the jig is up.

Schectman’s data revealed that 90% of the gold traded in London is nothing but paper promises—unbacked, unallocated and ultimately worthless when the delivery counter comes calling. The BRICS nations have already smelled blood in the water and they are moving aggressively to drain the remaining physical metal from Western vaults.

The interview serves as a dire warning to every American saving for retirement: Convert your cash into tangible assets like gold or silver. These are not only valuable but also beautiful works of art.

Want to know more?

Whether you are seeking healing for yourself, your family or your community, “Breaking the Chains” is an urgent invitation to confront what’s been holding you back and gain liberation. It is a part of a growing movement to equip individuals with the courage, clarity and community needed to live free.

If you want to learn more about how you can regain your independence, want to view the presentations at your convenience or learn at your own pace, you can purchase the “Breaking the Chains: Decentralize Your Life” package here. Upon purchase, you will get instant access to 10 “Breaking the Chains: Decentralize Your Life” videos, five bonus videos, four podcasts by Mike Adams and an exclusive liberation toolkit you can use to help regain your independence.

Watch a snippet from “Breaking the Chains: Decentralize Your Life” below.

This video is from the BrightU Series Snippets on Brighteon.com.

Sources include:

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