Current Events > Trump Fans Sink Savings Into 'Iraqi Dinar' Scam

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Anteaterking
11/24/18 9:41:28 PM
#1:


https://www.thedailybeast.com/trump-fans-sink-savings-into-iraqi-dinar-scam

Trump supporter Hayes Kotseos runs a North Carolina pool-maintenance company, but shes got a side bet that she thinks might make her fabulously wealthy: the Iraqi dinar.

The currency is nearly worthless outside of Iraq, but Kotseos bought millions of dinars in April, after watching a video of President Trump at a 2017 press conference. In the clip, Trump says, with characteristic vagueness, that all currencies will soon be on a level playing field.

In reality, Trump was talking about trade imbalances with China. But like other Trump supporters who have fallen into the dinar investment scam, which has existed since at least 2012, Kotseos interpreted Trumps rambling statement as proof that the Iraqi dinar would soon be worth as much or even more than the dollar, making anyone who had been smart enough to buy in early a millionaire.

I love my president, and I was like, Oh my God, Kotseos told The Daily Beast.

The purchase, Kotseos said, cost her and her husband somewhere between $5,000 and $10,000, counting the cut to the company that sold them the dinars. Two of her adult children have bought millions more dinars, too.

Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow revalue or RV the currency, boosting its current value of less than $0.001 to $3 or $4.

Dinar promoters have claimed that near-mythical event will occur for nearly a decade. But if it does it would theoretically make a millionaire of anyone with the foresight to put just a few thousand dollars into dinars.


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Trump supporters like Kotseos have also been drawn in by videos showing the prophecy of Kim Clement, a South African prophet whose fans believe predicted Trumps election. Before his death in 2016, Clement also often mentioned a dinar revaluation.

It was like, OK, well, God said the Iraqi dinar is going to revalue, Kotseos told The Daily Beast.

Dinar-related threads on Twitter and YouTube fill up with Trump supporters asking the president to somehow force the revaluation.

MR TRUMP. I really admire you.please help us with this RV, wrote one Twitter user. Another asked Trump to increase the dinars value to give us the financial tools we need to support your efforts.


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The investors, who call themselves Dinarians, gather on forums with names like Dinar Detective to dissect every news item for what, if anything, it could mean for their dinar. On another site, Dinar Vets, would-be posters have to verify or dinar-ify themselves by posting a picture of their dinars to prove that they are really committed to the cause.

Other fans post dinar unboxing videos on YouTube, filming themselves as they open envelopes filled with the dinars they hope will make them wealthy. On Facebook, some dinar groups are devoted to praying for the dinar revaluation to come sooner.


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What the ****.
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Fundabz
11/24/18 9:44:44 PM
#2:


Sounds like some crypto people haha.
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Freddie_Mercury
11/24/18 9:52:16 PM
#3:


this is good for dinar
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ASithLord7
11/24/18 9:56:27 PM
#4:


Lmao
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Hexenherz
11/24/18 9:57:25 PM
#5:


This is amazing.
Holy shit. I just remembered my brother brought back a shitton of dinar from one of his deployments I should totally cash in on this.
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D-Lo_BrownTown
11/24/18 9:59:07 PM
#6:


loooool
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butthole666
11/24/18 10:01:57 PM
#7:


Imagine being so afraid to admit failure that you keep digging yourself exponentially deeper
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008Zulu
11/24/18 10:02:40 PM
#8:


Trump: Throw your money away!
Trump Supporter: Done, no questions asked!
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#9
Post #9 was unavailable or deleted.
Kazi1212
11/24/18 10:04:29 PM
#10:


Fundabz posted...
Sounds like some crypto people haha.

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thronedfire2
11/24/18 10:04:34 PM
#11:


I mean it's just like bitcoin

if enough people buy them, they have value
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Anteaterking
11/24/18 10:07:19 PM
#12:


thronedfire2 posted...
I mean it's just like bitcoin

if enough people buy them, they have value


Well except if the currency actually was revaluated, they wouldn't exchange one old dinar for one new dinar.
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Anteaterking
11/24/18 10:32:40 PM
#13:


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DarkTransient
11/24/18 10:35:43 PM
#14:


Anteaterking posted...
The investors, who call themselves Dinarians, gather on forums with names like Dinar Detective to dissect every news item for what, if anything, it could mean for their dinar. On another site, Dinar Vets, would-be posters have to verify or dinar-ify themselves by posting a picture of their dinars to prove that they are really committed to the cause.


This sounds overkill. I don't know, the investment itself might not be a bad idea as one small thing among many varied investments, but this sounds like more of an obsession than an investment.
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Anteaterking
11/24/18 10:50:44 PM
#15:


DarkTransient posted...
This sounds overkill. I don't know, the investment itself might not be a bad idea as one small thing among many varied investments, but this sounds like more of an obsession than an investment.


I don't even think it can be considered a reasonable "invesment", considering that the investing is being done with multiple misconceptions of the situation.

Like, whether you put in $100 or $10k, if you're buying into a scam, you can't really say "Since I have a diverse portfolio, it's not really that bad".
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Antifar
11/24/18 10:52:17 PM
#16:


Huge chunks of this country's people are just detached from reality
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Solar_Crimson
11/24/18 11:58:19 PM
#17:


Holy shit, what an idiot.
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pres_madagascar
11/25/18 12:04:42 AM
#18:


Antifar posted...
Huge chunks of this country's people are just detached from reality

Huge chunks of the world bro. The world.

Humans, as a large collective, are stupid, worthless, destructive parasites. Humans as individuals and smaller groups can be pretty damn rad.
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Anteaterking
11/25/18 10:56:05 AM
#19:


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UnfairRepresent
11/25/18 11:02:47 AM
#20:


pres_madagascar posted...
Antifar posted...
Huge chunks of this country's people are just detached from reality

Huge chunks of the world bro. The world.

Humans, as a large collective, are stupid, worthless, destructive parasites. Humans as individuals and smaller groups can be pretty damn rad.

He says unironically using a brilliant language created by a large collective of humans, communicated on a brilliant device created by a large collective of humans, across a brilliant interconnected global system created by a large collective of humans so it can be recieved and commented on by a large collective of humans.

Humans are fucking great. The very fact you have the means to instantly tell the rest of the world that they are not is proof that they are great
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^ Hey now that's completely unfair.
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ExtremeLuchador
11/25/18 11:11:07 AM
#21:


Weren't people buying them during the Bush years?
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gp1829
11/25/18 11:31:02 AM
#22:


UnfairRepresent posted...
pres_madagascar posted...
Antifar posted...
Huge chunks of this country's people are just detached from reality

Huge chunks of the world bro. The world.

Humans, as a large collective, are stupid, worthless, destructive parasites. Humans as individuals and smaller groups can be pretty damn rad.

He says unironically using a brilliant language created by a large collective of humans, communicated on a brilliant device created by a large collective of humans, across a brilliant interconnected global system created by a large collective of humans so it can be recieved and commented on by a large collective of humans.

Humans are fucking great. The very fact you have the means to instantly tell the rest of the world that they are not is proof that they are great


It's like you ignored the part where he already mentioned smaller groups. Just have to be a contrarian.
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VipaGTS
11/25/18 11:33:55 AM
#23:


I love my president, and I was like, Oh my God, Kotseos told The Daily Beast.


XD
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Anteaterking
11/25/18 11:42:36 AM
#24:


ExtremeLuchador posted...
Weren't people buying them during the Bush years?


Yes. I'm pretty sure this has followed many wars we've been in, since this used to be a scam with Vietnamese currency as well.
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Tyranthraxus
11/25/18 11:48:53 AM
#25:


Investing in foreign currency has always been a thing but the returns are typically worse than low risk stocks.

Your "dividends" becomes whatever your savings account interest rate is (spoilers it's pretty close to nothing) and you lose money every time you convert so the currency needs to go up by a certain minimum threshold to make money on the exchange.

Seems like this is only noteworthy because religious idiot fanatics think Trump is going to cause a revalue.
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VipaGTS
11/25/18 11:56:27 AM
#26:


Tyranthraxus posted...
Seems like this is only noteworthy because religious idiot fanatics think Trump is going to cause a revalue.

i mean the only noteworthy thing here is that people who treat Trump like a god are investing in a foreign currency with no research just because Trump rambled about it nonsensically...I feel like something like that should be pointed out to hopefully prevent others from making such a stupid, baseless decision.
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Tyranthraxus
11/25/18 11:59:42 AM
#27:


VipaGTS posted...
Tyranthraxus posted...
Seems like this is only noteworthy because religious idiot fanatics think Trump is going to cause a revalue.

i mean the only noteworthy thing here is that people who treat Trump like a god are investing in a foreign currency with no research just because Trump rambled about it nonsensically...I feel like something like that should be pointed out to hopefully prevent others from making such a stupid, baseless decision.

Anyone who would make this decision in the first place can't be reasoned out of it.
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ImTheMacheteGuy
11/25/18 12:15:04 PM
#28:


I bet @DifferentialEquation has sunk his entire savings into this.
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metralo
11/25/18 12:16:26 PM
#29:


trump supporters are absolutely fucking stupid

any news that we didnt know already?
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glitteringfairy
11/25/18 12:18:56 PM
#30:


Scam.has existed since 2012 but TRUMP TRUMP TRUMP Lololololol hurrrr
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Anteaterking
11/25/18 12:27:48 PM
#31:


glitteringfairy posted...
Scam.has existed since 2012 but TRUMP TRUMP TRUMP Lololololol hurrrr


No one said Trump came up with this.
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glitteringfairy
11/25/18 12:32:03 PM
#32:


Anteaterking posted...
glitteringfairy posted...
Scam.has existed since 2012 but TRUMP TRUMP TRUMP Lololololol hurrrr


No one said Trump came up with this.

You knew what you were doing when you made this topic.
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VipaGTS
11/25/18 12:39:49 PM
#33:


glitteringfairy posted...
Anteaterking posted...
glitteringfairy posted...
Scam.has existed since 2012 but TRUMP TRUMP TRUMP Lololololol hurrrr


No one said Trump came up with this.

You knew what you were doing when you made this topic.

Laughing at Trump supporters and not blaming Trump?
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#34
Post #34 was unavailable or deleted.
Weezy_Tha_Don
11/25/18 1:06:48 PM
#35:


Anteaterking posted...
The real question is, which CEmen among us carry dinars?


@Caution999
@DifferentialEquation
@TheRealDill2000
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Anteaterking
11/25/18 1:18:26 PM
#36:


glitteringfairy posted...
You knew what you were doing when you made this topic.


Having a giggle?
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DifferentialEquation
11/25/18 1:21:41 PM
#37:


ImTheMacheteGuy posted...
I bet @DifferentialEquation has sunk his entire savings into this.


I didn't know people were doing this. It seems like the "orange man bad" crowd cares about this way more than true Trump fans such as myself.
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ImTheMacheteGuy
11/25/18 1:56:56 PM
#38:


DifferentialEquation posted...
ImTheMacheteGuy posted...
I bet @DifferentialEquation has sunk his entire savings into this.


I didn't know people were doing this. It seems like the "orange man bad" crowd cares about this way more than true Trump fans such as myself.


"I donated all of my savings to the trump campaign so I had nothing left to spend on dinars."
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King_Hellebuyck
11/25/18 1:59:51 PM
#39:


Trump lovers wasting their money on blatant idiocy? This is surprising!
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A_Good_Boy
11/25/18 2:05:17 PM
#40:


GlitteringFairy is posting like he's got some dinars stashed away somewhere too.
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glitteringfairy
11/25/18 2:06:01 PM
#41:


A_Good_Boy posted...
GlitteringFairy is posting like he's got some dinars stashed away somewhere too.

Hands off my dinars!
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metralo
11/25/18 3:00:43 PM
#42:


A_Good_Boy posted...
GlitteringFairy is posting like he's got some dinars stashed away somewhere too.


he gets super duper fucking upset when ever someone even mentions his god emperor daddy in a negative connotation. just another reason he wants a civil war and to kill all minorities.
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ModLogic
11/25/18 3:04:14 PM
#43:


butthole666 posted...
Imagine being so afraid to admit failure that you keep digging yourself exponentially deeper

lmao the people on their 4th+ 360
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DonaldClinton
11/25/18 3:07:56 PM
#44:


Its not a scam. I can confirm because Ive always invested $20,000 into it
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