The series of trips of President Ferdinand Marcos Jr. to Singapore, Indonesia, and the United States is a sign that the Philippines is helping these governments pay off their debts.
The video containing the claim alleged that the weakening US dollar will lead to the return of the gold standard monetary system. Then the video said that the gold standard will tie the Philippine currency to gold. And because Marcos is the alleged “co-owner and co-beneficiary” of a gold reserve called the “Wealth of Humanity,” he will use it to pay for the debt of other countries.
from September 18 to 24, 2022, where he gave a speech at the 77th United Nations General Assembly and had multiple bilateral meetings with world leaders on the sidelines of the UN event.The claim mentions that the accepted monetary system in the world will return to the potential for the return of the gold standard system.
The gold standard is a financial system where a country’s money has a value tied to the amount of gold. However, there is no report that the current fiat monetary system is being abandoned. In the fiat system, the value of money is not backed by any commodity like gold or silver and is controlled by central banks.
selective fact checking and the results just mere an opinion and doesn't mean you are absolutely correct. therefore its the same as marites as well.
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