I think 'they', figuratively speaking, take gold and mix it with feces. That's what happens with so many things in the world. Matrix has good ideas in it, but it is distorted in many ways.
They also make gold smell like feces and make manure smell like roses. Then they force people with good eyes and bad sense of smell fight people with bad eyes and good sense of smell. There may be some truths to what you fight against, but 'they' manipulate us into fighting each other using our anger and hatred.