(Ed. Note: make sure to read the last line in the part on the very bottom)
[cawin]OKIE:. JUST A FEW THOUGHTS TO PONDER THEN MAKE YOUR OWN PROJECTIONS AS TO THEIR APPLICATION TO THE R/V--THE 13TH THE HCL LAW WAS PASSED--REMEMBER ALI ALWAYS STATING WHEN THE HCL LAW WAS PASSED THE R/V WOULD RAPIDLY FOLLOW??--NOW TODAY THE 15TH IRAQ BANKS ARE PERMITTED TO GO INTERNATIONAL WITH TRANSFER'S OF FUND'S INTO AND OUT OF IRAQ. (WITH WORTHLESS CURRENCY?) DO YOU THINK THAT IS AN INDICATION OF AN IMPENDING RATE CHANGE?--NOW TODAY MALIKI IS IN CHINA NEGOIATING A HOUSING CONSTRUCTION AGREEMENT WITH CHINA THAT SOUTH KOREA HAD PREVIOUSLY AWARDED BUT BECAUSE OF FAILURE OF INITIAL PAYMENT TO S. KOREA THEY CANCELLED AND PULLED OUT OF IRAQ AND NOW MALIKI IS HUNTING SOMEONE TO BUILD OVER 1 MILLION HOUSING STRUCTURES AND TO DO IT ON AN I O U BASIS UNTIL THE DINAR HAS VALUE---CHINA IS SMARTER THAN THAT AREN'T THEY---THEY KNOW ABOUT THE R/V JUST AS MUCH AS YOU AND I DO AND REALIZE IT'S INEVITABILITY. NOW AS OF YESTERDAY 1 OF THE 4 LARGEST BANKS HAD 31 SEPERATE PINGS ON THEIR COMPUTER WHICH IS A TOTAL ANNOMOLIE--SEE HOW ALL THIS IS MOUNTING UP?--WE ONLY HAVE A COUPLE DAYS AT THE VERY MOST TO WAIT FOR THE R/V--I WAS NOT AWARE TILL LAST NIGHT HOW MUCH INFLUENCE OUR DEBT CEILING HAD ON THE R/V UNTIL A GOV OFFICIAL EXPLAINED THE RAMIFICATIONS OF NOT EXTENDING THE DEBT CEILING IN DETAIL TO ME THAT THE AVERAGE AMERICAN IS NOT PRIVIED TO. THE WRANGLING ON THE POLITICAL SCENE IS UNBELIEVEABLE---GOOD OLE UNCLE SAM---HE NEVER THOUGHT HIS KID'S WOULD BE SO STUPID.
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[BWM] OKIE OIL MAN [SWFloridaGuru] HI Okie, we've heard O is about to call a special mtg of congress now. Have you also heard this?
[OKIE OIL MAN].NO NOTHING ABOUT SPECIAL MEETING
[BWM] OKIE OIL MAN [DrLyons] Okie, this may be stupid but, do we want them to extend the debt ceiling or not extend it.
[OKIE OIL MAN] DRLYONS--THERE ARE NO OPTIONS--DEBT CEILING HAS BEEN RAISED 10 SEPERATE TIMES IN THE PREVIOUS ADMINISTRATION WHICH IN ITSELF WASN'T A BIG THING---HOWEVER--NOW WITH THE EXCESSIVE SPENDING INCURRED DURING PRESENT ADMINISTRATION THE DEBT CEILING HAS NOW EXCEEDED 14 1/2 TRILLION DOLLARS WITH NEARLY 3 TRILLION DOLLARS BEING INCURRED DURING OBAMA'S TIME--THE EXCESSIVE AMOUNT IS THE PROHIBITING FACTOR--TO RUN AN INDEBTNESS IS NORMAL--IT HAS GOTTEN OUT OF HAND AND YES I HATE TO SAY IT BUT WE HAVE NO OPTION BUT TO EXTEND THE DEBT CEILING TO KEEP VITAL FUNCTIONS OF OUR GOVERMENT RUNNING AND ALSO TO SEND A SIGNAL TO OUR INTERNATIONAL NATIONS THAT LOAN US MONEY THAT WE ARE STILL THE ONLY COUNTRY IN THE WORLD WITH A TRIPLE A CREDIT RATING AND IN ALL OUR HISTORY HAVE NEVER RENIGED ON A DEBT ISSUED BY THE US GOV
[BWM] OKIE OIL MAN [buckwheat] Okie, Can you briefly explain what those ramifications of not extending the debt ceiling would be?
[OKIE OIL MAN] BUCKWHEAT--NOT THE SERIOUS NO MORE SOCIAL SECURITY CHECKS OR MEDICARE PAYMENTS THE DEMOCRATS ARE TRYING TO SCARE THE PEOPLE WITH--IT WOULD BE A MINOR IN-CONVIENCE MORE THAN A GOV SHUT DOWN--FOR INSTANCE--NATIONAL PARK CLOSINGS--THINGS THAT AREN'T NECESSARY FOR A FUNCTIONING GOVERMENT TO DO WITHOUT---THE RISK IS TO OUR REPUTATION AS A FINANCIALY SECURE DEBTOR
[BWM] OKIE OIL MAN [kitkat] makme] since we can go back to the prewar- census has iraq redone the new census aftrer the hcl was enacted
[OKIE OIL MAN] CENCUS IN IRAQ COMPLETED DEC 31-2010
[BWM] OKIE OIL MAN [zuker3] Hey BWM...Ask Okie if he has any word on why the UN Rates of Exchange have not been updated. Supposed to publish 7/13 and effective 7/15. Not one country has been updated as of today.
[OKIE OIL MAN] ZUKER--A PRIME INDICATOR ITSELF--ANYTHING OUT OF THE ORDINARY IS A GOOD SIGN FOR US
[BWM] OKIE OIL MAN [dinarrv9911] What is the latest date that you think the RV will happen?
[OKIE OIL MAN] UN OPERATIONAL RATES USUALLY PUBLISHED EFFECTIVE ON THE 1ST AND 15TH CAN BE CHANGED AT ANY TIME
[BWM] OKIE OIL MAN [UpwardCall] ? for OKIE: Would having over 10 mil. make one a "qualified investor", regardless of it not being 2 years running? (per the Dodd-Frank act)
[OKIE OIL MAN] UPWARDCALL--OF NO INTEREST TO ME AND IT SHOULDN'T BE YOU UNLESS YOUR QUITE A GAMBLER
[BWM] OKIE OIL MAN [Spike] BMW, did not understnad Okie's statement on our gov't and debate over debt ceiling ... is our gov't trying to further decrease the value of our dollar to increase the IQD exchange rate?
[OKIE OIL MAN] SPIKE--BOY THAT'S A STRETCH---NO!
[BWM] OKIE OIL MAN [bear5642] ASK OKIE ABOUT THE CALL I RECEIVED FROM THIS WOMANS NEPHEW WHO WAS IN IRAQ AND WAS CONTACTED BY HIS FELLOW TEAMATE ON IQD ROLLOVER AT $1.60
[OKIE OIL MAN] BEAR-I DIDN'T HEAR THE CALL--ROLLOVER---EXPLAIN[OKIE OIL MAN] 1.60 IS VALUE OF BRITISH POUND PRESENTLY MAYBE THEY WERE TRADING ON THE STREET AT A 1 TO 1 RATIO WITH THE POUND--WHO KNOWS?
[BWM] OKIE OIL MAN [cheesecurds] OKIE: Kinda off topic, but, do you plan on doing anything like this again, after this is all done??
[OKIE OIL MAN] HAPPYFEET--WHAT IS SO HARD TO UNDERSTAND ABOUT JULY 31--IT IS PRECEDED BY JULY 30--THEN JULY 29---AND SO ON
[OKIE OIL MAN] CHEESECURDS--DOUBTFUL--I HAVE ENOUGH DINAR TO STUFF TRIGGER WITH RIGHT NOW WHY WOULD I WANT THIS MUCH PAIN AGAIN?
[BWM] OKIE OIL MAN [bear5642] THAT WAS ALL HE TOLD HER HE NEW HIS AUNT HAD IQD AND CALL TO TELL HER HER SHIP WAS COMING IN IQD ROLLOVER AT $1.60[OKIE OIL MAN] BEAR--TOO MUCH LOST IN TRANSLATION
[BWM] OKIE OIL MAN [Gadawg] Has Okie heard of anyone that has had funds wired from Warka to the U.S. to see if it works both ways?
[OKIE OIL MAN] GADAWG--UP TILL RECENTLY WARKA ACCORDING TO INFORMED SOURCES WAS BAD NEWS
[BWM] OKIE OIL MAN several have asked if you will be doing a conference call tonight?
[OKIE OIL MAN] I HAVE NOT PLANNED ON A CC TONIGHT--OF WHAT USE IS GIVING THE SAME INTEL SERVED--[BWM] OKIE OIL MAN [pl1lucky1] Okie...we keep hearing about 2 seperate baskets of currency and 2 seperate times for relauations...is there a way for the average person to find out what is in each basket? I have been trying with no luck...thanks
[OKIE OIL MAN] PL1LUCKY--THAT IS DETERMINED BY THE IMF AND IS HELD CLOSE TO THEIR VEST TO KEEP PEOPLE LIKE YOU AND ME FROM DOUBLE DIPPING OR AT LEAST SPECULATING ON CERTAIN CURRENCIES--FOR INSTANCE--IF WE KNEW WHERE THERE WAS A COUNTRY RICH IN NATURAL RESOURCES THAT HAD A CURRENCY THAT WAS GROSSLY UNDERVALUED--WE WOULD JUMP ON IT WOULDN'T WE?
[BWM] OKIE OIL MAN [guest] Okie should we be nervous that the UN rate site hasn't updated yet?
[OKIE OIL MAN] GUEST-BE NERVOUS OVER WHAT EVER YOU CHOOSE
[BWM] [jjhall] Okie, tony of ptr just reported the iqd is now afully 'tradeable currency' and the cashin exchanger is just waiting for the rate. Bgg i just got this text moments ago >>>> per xxx, Warka Bank states (as of Wednesday) the iqd is a tradeable currency. Have u heard anything to this effect? T.Y.I.A.
[OKIE OIL MAN] JJHALL---YES I HAVE AND YES IT IS A TRADEABLE CURRENCY BUT IT IS TRADEABLE ON THE OLD PROGRAM RATE OF 1170 DINARS PER DOLLAR[BWM] OKIE OIL MAN
[Hecht] In your opinion what will be the out-come of the Panetta visit and our extended troop protection in Iraq and is this a factor in the R/V as noted by some because of the Security and Defense ministers not being seated?
[OKIE OIL MAN] HECHT--2 SEPERATE ISSUES--1ST OF ALL THE MINISTERS ARE SEATED AND 2ND THEIR WILL ALWAYS BE US TROOPS IN IRAQ A HUNDRED YEARS FROM NOW--WE HAVE NOW ESTABLISHED A FOOT PRINT BOTH MILITARILY AND DEMOCRATICALLY IN THE MIDDLE EAST---
[BWM] OK.. waiting for more questions...
[OKIE OIL MAN] I HAVE JUST GOTTEN A CALL REGARDING A R/V IN IRAQ---WILL TRY TO VERIFY---I WAS TOLD IT WAS AT THE RATE I HAVE BEEN FURNISHING FOR OVER 3 MONTHS NOW..----NO MORE QUESTIONS---I AM ON TOP OF THIS AND WILL REPORT IF I CAN VERIFY----GONE
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4:50 PM [OKIE OIL MAN] AM HAVING TRANSMISSION DELAY--WILL REPORT WHEN LINES GET CLEARED---EVIDENTIALLY SOMEONE IN IRAQ IS TYING ALL LINES UP
5:35 PM [OKIE OIL MAN] STILL HAVING TROUBLE CONNECTING WITH BAGDAD--UNUSUAL PHONE TIE UP--SOMEBODYS TALKING ABOUT SOMETHING TO JAMM ALL LINES