Trump supporter Hayes Kotseos runs a North Carolina pool-maintenance company, but she’s 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 Trump’s 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.
The Earth is not warming. The White Cliffs of Dover are tumbling into the sea and causing sea levels to rise. Global warming is helping grow the Antarctic ice sheet.
Those are some of the skeptical assertions echoed by Republicans on the U.S. House of Representatives Science, Space and Technology Committee yesterday. The lawmakers at times embraced research that questions mainstream climate science during a hearing on how technology can be used to address global warming.
A leading climate scientist testifying before the panel spent much of the two hours correcting misstatements.
The purpose of the hearing was to focus on how technology could be deployed for climate change adaptation. But the hearing frequently turned to the basics of climate science. Many of the questions by Republicans and Democrats alike were directed to Philip Duffy, president of the Woods Hole Research Center in Massachusetts and former senior adviser to the U.S. Global Change Research Program.
Rep. Mo Brooks (R-AL) questioned Duffy on the factors that contribute to sea-level rise, pointing out that land subsidence plays a role, as well as human activity.
Brooks then said that erosion plays a significant role in sea-level rise, which is not an idea embraced by mainstream climate researchers. He said the California coastline and the White Cliffs of Dover tumble into the sea every year, and that contributes to sea-level rise. He also said that silt washing into the ocean from the world’s major rivers, including the Mississippi, the Amazon and the Nile, is contributing to sea-level rise.
“Every time you have that soil or rock or whatever it is that is deposited into the seas, that forces the sea levels to rise, because now you have less space in those oceans, because the bottom is moving up,” Brooks said.
Duffy responded: “I’m pretty sure that on human time scales, those are minuscule effects.”
Brooks added that Antarctic ice is growing. That was true a few years ago, and scientists say it does not disprove the theory of global warming because different factors affect the Arctic and Antarctic rates of melting.
“We have satellite records clearly documenting a shrinkage of the Antarctic ice sheet and an acceleration of that shrinkage,” Duffy said.
“I’m sorry, but I don’t know where you’re getting your information, but the data I have seen suggests — ” Brooks said.
Duffy answered: “The National Snow and Ice Data Center and the National Aeronautics and Space Administration.”
Let’s play a game. Type the following words into your tags box, then post the first automatic tag that comes up. you, also, what, when, why, how, look, because, never
Why… why are people trying to save a business that failed, they pay less than walmart to their floor associates. Like, what are you doing?
Imagine if the people donating to this GoFundMe actually cared as much about human beings
there’s something seriously fishy going on here. $200,050,000 raised by 1,668 people?
that’s an average donation of $119,934.05
there has gotta be something wrong with this situation.
PLEASE READ BEFORE DONATING: Be advised that this is not a donation to a charitable cause, and there is no tax deduction available. It is a donation to a potential commercial venture. The funds raised would be added to other capital being gathered by the potential purchasers of some or all of Toys“R”Us. A donation to this campaign doesn’t qualify you to claim equity in any potential acquisition; it simply means you want future generations to be Toys“R”Us kids.
“give us lots of money to buy toys ‘r’ us and we’ll give you nothing a bumper sticker! it’s like investing except you don’t get a stake! #SaveToysRUs”
the guy running the campaign “donated” the first $200mil, average donation is like $30
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