The video peddles false claims about the Marcoses allegedly having large deposits of gold
This is AI generated summarization, which may have errors. For context, always refer to the full article.Former president Ferdinand E. Marcos proposed the creation of an “Asian dollar” backed by the Marcoses’ large holdings of gold.As of writing, the YouTube video posted on January 12 has garnered 60,931 views, 2,300 likes, and 324 comments. The channel currently has 1.32 million subscribers.
According to the narrator, Marcos supposedly owned 7,000 metric tons of gold, as well as 400,000 metric tons of Tallano gold allegedly deposited in the Bangko Sentral ng Pilipinas , 192,000 metric tons held in Switzerland, and part of the Yamashita treasure.: Marcos did not propose the creation of an Asian dollar. The video cites no evidence for its claim, merely repeating
The claim that Marcos proposed the Asian dollar during a meeting in Canada in 1983 with world leaders is also false. Rappler has previouslyIt is also impossible for the Marcoses to supposedly own millions of tons of gold, as current estimates show that around 212,582 tons of gold have been mined throughout history,to increase the use of local currency transactions, a move seen as the regional bloc’s strategy to shift from the US dollar and other established currencies used for trade.
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