Friday, August 23, 2013

Update On The Global Currency Reset by Mountain Goat - August 23, 2013

8-23-2013  Intel Guru Mnt Goat  

I wanted to pop on and give you a quickie update from the news I received last night from my new IMF contact.  The UST does not have the manpower and other resources to make the changes needed to roll this out internationally and do the RV. There are many different vendors involved...the contract was awarded to...Wells Fargo. One of the problems they are now aware of is that they did not hire a specialized Quality Assurace (QA) test group but are now finding that this is needed...They have since hired some QA specialists and a QA manager.  [post 1 of 3....stay tuned]

 So WF has realized this was a larger undertaking than expected since they could not get the changed rates of 190+ currencies to integrate down to the banks and FOREX all at once with any reliabilty and consistency. They also met with some high level officials in the UST and IMF and decided to integrate this with CIX. So in summary the project is failing, they are over budget and very late on their schedule. So where is now the issue. We are seeing they are down to the last piece in their integration testing effort between systems...they made an attempt again to do an integration test with NASDAQ that has no test environment setup do this kind of test. So it took down NASDAQ production... NASDAQ was down for a couple hours while they worked on it.  [post 2 of 3....stay tuned]

So they are still working on the situation.  This was not the RV rollout they hoped for ...believe me.  No timeline given to me since this is critical that they do this NOW. So I was told as soon and they can run tests all the way through and it works they will move on to the next step and get it live. They are close and yesterdays fiasco with NASDAQ proved that fact. We should all be feeling kind of nice right about now..... !   [post 3 of 3]

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