From his taxes to Trump University, it’s no secret that President Donald Trump’s name is on as many scams as it is on buildings, but a newly popular swindle touted by some of his supporters has left no head unscratched.
As a new report from the Daily Beast reveals, a number of Trump supporters are investing thousands of dollars in the Dinar. Over years of tumult, the Iraqi currency has dropped in value to around one-tenth of the U.S. penny. Yet these investors believe that the Dinar’s value will increase to its $3 value from before the First World War, turning thousands of dollars down the drain into millions in the bank.
Though the Dinar scam has been around for decades, its associations with Trump skyrocketed around the time of his presidential campaign. Some investors also cite a pledge he made in 2017, in which he said all currencies would be on an “even level.” Despite the fact that Trump was referring to unequal trade with China, many supporters took this as a sign that the Dinar’s value could go up. Some insist that Trump has invested in it himself, to great returns.
Though Trump is virtually powerless to increase the value of a foreign country’s currency, his supporters are still expecting him to deliver on a promise he never actually made.
Mr. President, i know you're a business man above all else. You can balance the American budget, and save an American generation if you will only stabilize the Iraqi dinar
— Betty J Harris (@BettyJHarris3) January 2, 2018
Bring all those $$$ trillions back home! Spread them all over the Land. Revalue the New Iraqi Dinar and cash will rain over our treasury vaults. pic.twitter.com/UiX2PkUtrN
— One Deplorable (@Deplorables4U) June 8, 2018
Love you Mr. Trump , I have a idea that will pay for debt of USA overnight! No Joke , force Iraq and IMF to revalue the Dinar prewar.
— DJ Daly (@DJDaly4) December 23, 2017
MR TRUMP. I really admire you.. you have done a positive. political impact on the American People In such a short time.. please help us with this RV.. get the credit you deserve ..the people WILL. know you helped us !!!! Today
— Leticia Rodriguez (@Leticia05741952) December 27, 2017
President Trump we stand with you in your commitment to make America greater than it has ever been. We are your peaceful warriors. Give us the financial tools we need to support your efforts.
— Carol Adler (@CarolAdler) December 27, 2017
The devotion of these followers has befuddled nearly everyone.
MAGA'ers sinking their life savings into the Iraqi currency because they think Trump will magically make it worth 3000 times more overnight is the most MAGA thing you'll read about today. https://t.co/ZJZyWoM7Qa
— Pé Resists (@4everNeverTrump) November 20, 2018
It's not that we're dumber than we used to be, it's that stupidity is now validated by the powerful and the gullible can congregate with their fellow marks online. https://t.co/J0TX4RnymI
— Greg Spenchian (@GregSpenchian) November 20, 2018
This article would be insanely hilarious if it wasn't so insanely depressing.
— Philip Armstrong (@SuperCooltendo) November 20, 2018
Despite there being no substantiation that Trump himself has invested in the Dinar, the carefully constructed image of him being a successful businessman has given these supporters faith that he will make them rich.
With no legislative experience and never having run for public office, virtually the only quality giving Trump some sort of credibility to pursue the presidency in 2015 was some Americans’ perception of him as a business genius.
This is in spite of the fact that virtually no American bank would lend to Donald Trump in the 90’s and despite Donald Trump having declared bankruptcy multiple times.
Yet for decades, many Americans have associated Donald Trump with success and business acumen. Crafted over years of questionably-funded properties sporting his name as well as a popular NBC show, this perception was no accident.
Now, many more aren’t buying what Trump is selling.
Trump FAILED MISERABLY at private business for DECADES!
MULTIPLE BANKRUPTCIES forced him overseas 4 funding since US banks refused!
Laundered Russian money kept him afloat & releasing his taxes would EXPOSE HIM AS A FRAUD & not a Self-made billionaire he claims to be!
— VonnEllis (@VonnEllis) November 19, 2018
How would Trump have done if he was handed the hot mess Obama was? Trump was handed a solid economy. I bet you anything he tanks this good economy. Most of his business ventures have failed.
— Darin Turner (@DarinTurner8) November 3, 2018
Wow. The Trumpskys clear have a pattern/business model w/how they dupe partners.
This sounds like the Panama deal.
You folks should map out the timeline for each of the deals & the personas. In both cases, they choose someone they can bully & without experience to manipulate.
— Jeff Woolsey (@WSV_GUY) November 2, 2018
The president should have more important things to be doing but alas .. it’s you . The failed business man con artist
— Mary (@MaryS0321) November 14, 2018
Though most people can see right through a scam as blatant and well-known as investing thousands in the Dinar, it’s unclear when some will realize that – unlike his steaks – the president’s business ventures aren’t well done.