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GCR RV , Crimea & What Government Updates! Mar 17/14 Print E-mail
Sunday, 16 March 2014 14:06

GCR RV & Crimea Updates! Mar 17/14

What Kind of Government Do You Want?

Here's little something to look at during this political season. This ought to make a person think one more time before walking into the voting booth. This country is returning to it's constitution, as a part of this money shift.

http://www.wimp.com/thegovernment/

"RV Monday"  . . .  ?

MZZmicki wrote,

Good Evening TNT. We just got a text from our UST contact. All it said was

"RV Monday"  ( RV = revalue of currencies)

TerryK: March 15 - -  NOW I'M BEING TOLD SOME THINGS WILL HAPPEN TOMORROW [SUNDAY] THAT TRIGGER THIS NEXT THURSDAY.  SO LET’S WATCH FOR NEWS TOMORROW AFTERNOON.  (***...Today)

TODAY

1Bethany wrote - Based on multiple reports, it appears that Treasury Secretary Jack Lew will be making an announcement either late Sunday or early Monday concerning the new "gold-backed" USD. Much, if not most, of the backing will be in the form of other metals, minerals and natural resources such as oil and natural gas; and this will be pursuant to an announcement made by Christine Lagarde at the IMF a few weeks ago in which she noted that countries could use in-ground reserves of natural resources, along with gold, silver, platinum and other precious metals as the asset-support for their currencies.

normanros wrote - Do we still got chance for 800 numbers by tonight?

Wethrin wrote  - I THINK THERE IS A VERY GOOD CHANCE ACTUALLY.

Wethrin wrote - I THINK YOU ARE AT THE BANKS TUESDAY OR WEDNESDAY, IMHO ONLY.

--------------------------------------------------------------------------------
Date: Sun, 16 Mar 2014 10:08:36 -0700 MAR 16 PART 2 ... OK guys see you later

Sunday 16 March 2014 12.04 EDT Ukraine and Russia agree truce as Crimea votes in referendum Brief respite for beleaguered troops as Ukraine defense minister strikes deal with Russia's Black Sea fleet and defense ministry Russia and Ukraine have agreed a truce in Crimea until 21 March, Ukraine's acting defense minister has announced, in a move that appears to reduce tensions between Moscow and the western-backed government in Kiev. Speaking on the sidelines of a cabinet meeting, Ukraine's acting defense minister, Ihor Tenyukh, said the deal has been struck with Russia's Black Sea fleet and the Russian defense ministry. "No measures will be taken against our military facilities in Crimea during that time," he added. "Our military sites are therefore proceeding with a replenishment of reserves."......................... http://www.theguardian.com/world/2014/mar/16/ukraine-russia-truce-crimea-referendum;

Wethrin wrote - I AM ENCOURAGED BY THE INTEL THIS A.M. YES!  MY SOURCES ARE ALL OVER SEAS. SO, GOTS TO WORK THE PHONES.  IT WILL BE FINE, BUT I DO HOPE OUR NEXT CALL IS THE CALL!

mtgqueen1 wrote - Are we waiting on Lew to announce the Treasury notes? Wethrin wrote - I THINK THAT WILL BE WAY MORE SUBTLE THAN PEOPLE HAVE REPORTED, AND ITS PART OF THE PROCESS BUT NO WE AREN'T WAITING ON THAT BY ANY MEANS.

Wethrin wrote - NO TONY DOESN'T HAVE THE 800 NUMBERS YET EITHER.

june1 wrote - Is there or is there not some important news that may be announced today that would help our RV TO PUSH forward on Monday? Wethrin wrote - NO. ITS BEEN HANDLED BEHIND THE SCENES INSTEAD. BUT ITS STILL GOOD!

randyful wrote -   http://www.politico.com/blogs/politico-live/2014/03/russia-and-us-agre?e-to-seek-resolution-185194.html

 

Last Updated on Wednesday, 26 March 2014 20:48
Read more...
 
GCR RV & What Government? Updates Mar 15/14 Print E-mail
Friday, 14 March 2014 22:25

GCR RV & What Government? Updates Mar 15/14

What Kind of Government Do You Want?

Here's little something to look at during this political season. This ought to make a person think one more time before walking into the voting booth. This country is returning to it's constitution, as a part of this money shift.

http://www.wimp.com/thegovernment/

Thu, Mar 13, 2014 at 11:24AM

Further to our Notice of Redemptions, the US Treasury, China Treasury, IMF, World Bank and others have, as of yesterday, agreed on the timings of the release of all funds in respect of the historic bond redemptions and the RV of the Dinar and Vietnamese dong.

The global reset (GR) is directly tied to these events, and because of the proximity of the GR which is scheduled for this month after March 17, 2014, all USD wire transfers and transactions are on hold, inclusive of all Project funding's that were scheduled for this week.

This decision is based very simply on the advent of the US Treasury Reserve Note (new symbol TRN, or the new US Dollar) which is replacing the USD (the Federal Reserve Note (FRN)). The announcement of the new US TRN and its exchange rate is scheduled for after March 17.

All funds and transfers in USD have been effectively frozen globally for this reason, and the transfers will continue after March 17 in the new US TRNs. All completed transactions, and pending transactions are affected by this decision. No USD money transfers will be allowed at this time until the changeover.

All historic bond transactions, whether straight redemptions or through the private placement programs with the Tier 1 traders, are similarly affected.

While this news is not the best news for many that were expecting their payments this week, the GR and the payments in the new US dollar were known to be coming this month, and the global freeze on such payments will ultimately be for the benefit of our Humanity when payments are made in the new Basel III compliant currency.

The GR signals the deployment and implementation of the new financial system that is Basel III compliant, and will be the new standard globally. All delays are temporary at this time.

New pricing for the historic bonds will be posted shortly as the IMF and the Chinese Family are going over these items at the moment.

Thu, Mar 13, 2014 at 11:24AM

Further to our Notice of Redemptions, the US Treasury, China Treasury, IMF, World Bank and others have, as of yesterday, agreed on the timings of the release of all funds in respect of the historic bond redemptions and the RV of the Dinar and Vietnamese dong.

The global reset (GR) is directly tied to these events, and because of the proximity of the GR which is scheduled for this month after March 17, 2014, all USD wire transfers and transactions are on hold, inclusive of all Project funding's that were scheduled for this week.

This decision is based very simply on the advent of the US Treasury Reserve Note (new symbol TRN, or the new US Dollar) which is replacing the USD (the Federal Reserve Note (FRN)). The announcement of the new US TRN and its exchange rate is scheduled for after March 17.

All funds and transfers in USD have been effectively frozen globally for this reason, and the transfers will continue after March 17 in the new US TRNs. All completed transactions, and pending transactions are affected by this decision. No USD money transfers will be allowed at this time until the changeover.

All historic bond transactions, whether straight redemptions or through the private placement programs with the Tier 1 traders, are similarly affected.

While this news is not the best news for many that were expecting their payments this week, the GR and the payments in the new US dollar were known to be coming this month, and the global freeze on such payments will ultimately be for the benefit of our Humanity when payments are made in the new Basel III compliant currency.

 

Last Updated on Sunday, 16 March 2014 17:33
Read more...
 
RV GCR Mnt goat & Current news! Mar 12/14 Print E-mail
Wednesday, 12 March 2014 12:30

RV GCR Mnt goat Mar 12/14

Hi Everyone,

Today I can see the first signs of Spring in the mountains. This instills hope in me each year with certainty that better days are coming soon. The heavy snows of winter are now melting and filling the deep creeks beds with plenty of clean, clear, cold water.

Yes, the creeks are once again flowing and that sound of rushing water fills my heart with hope of warmer days to come. I like this time of the year since it seems so alive and mother earth is slowly awakening from the slumber of the long winter rest.

Read More Link On Right

I come to you today to bring my weekly news letter. It is a long news letter today again as recent letters have been. Sorry I hope I do not bore you too much. :( ….lol…

The news is just so very good and encouraging this week. It is filled with hope that we will all be exchanging our currencies very soon. This has been a long journey for many but I assure you now it will soon be over.

Today’s Intel

There is so much news pouring out of all channels it is hard to gather it all and study it. My contacts from Iraq, the IMF and the US government are all excited about what is about to happen. I have learned from the past not to get too excited until I see some movement in the direction the intel is pointing. Last week and now during this weekend and I have seen this movement as confirmation.

I have been told the US government has finally made a decision to release the global currency reset (GCR) pending certain conditions were met. All these conditions have been satisfied. More excellent information was forwarded to me about the Iraq Bond situation.

Clearing houses have completed all underwriting for these instruments. We also now know that, by these bonds, a minimum rate is established that any revaluation of the IQD must meet in order for these Bonds to be successful in funding their intended programs. Thus the purpose of the bonds.

These bonds are expected to be released to the international financial sectors tomorrow, Thursday 03/13/14. What does this mean? Well if all goes well there would have to be an international announcement of some kind to satisfy investors that the IQD is now internationally recognized.

To do this a revaluation from the provisional post-war currency to the permanent dinar at the non-inflated rate would be necessary.

The key here is for them to allow the announcement to the rest of the world (the international investment community) that they are back and now the doors are officially open for business with Iraq. This will be yet another level of investors flocking into Iraq once this occurs. This could be a very exciting week.

Banks in Iraq have had the lower denomination bills stock piled in their faults for well over 6 months now in anticipation of this event. Companies willing to expand operations in Iraq will now be able to do business once an international currency in recognized.

The complete changeover is about to happen. In fact the truth is they did actually begin distribution of the bills at one point months ago but were told to halt this action since the revaluation process was once again slowed for political reasons.

As we have learned in the past most citizens now use the Smart Card (debit card) for daily expenses. If needed there is limited paper currency available depending on which providence you are in. Prices in the shops have all been revised months ago.

From everything I am hearing the Iraq budget is completed and signed off by all parties. It is waiting in the wings for publication in the gazette, which should take place this week.

Once published it will become official and fully implemented. You have to bear in mind that the government of Iraq (GOI) does not have any money in which to operate. As of last week ending (end of February) they are entirely without funding unless the budget is opened.

They can not operate as in the past years using the old, inflated rate of currency since they already had an in country like revaluation to $3.41 months ago. Also government programs such as payments for food, pensions and salaries will be due for distribution this week (mid month).

There are also a number of contracts to service based on a revalued rate. Penalties have been paid in the past for non-performance by the government on payments to these contractors.

This can not continue and the GOI is standing firm now this will not continue any longer. Delegations have come the USA recently from Iraq stating that this political situation in holding up their economy must end.

So we can all see the pressure. How much longer could they hide this RV before we reach the breaking point? I believe from everything I am now hearing this week that we have reached that point.

New Direct Intel from Deep Source:



Direct Intel from Deep Source: "There were some island countries that had to sign off before proceeding. That has been accomplished as well as approved by the [cannot reveal]. It is now moving forward and can truly happen at any moment now from here on out. A schedule has been set for [cannot reveal time]. Important individuals have been told to stand-by."

aller tonight says His friend now believes the reset chase bank Intel from brother.



A guy called in tonight on a radio show and said his friend called him in last night to tell him everything he had been telling about the GRV is true confirmed by his brother who works for Chase. His friend never believed Him over the past few months and thought he was crazy!

Well his friend's brother works at Chase, and the brother said  they had a 3 hour staff meeting yesterday about the Reset, they were told to cancel all vacations, and that some regulation passes on Friday, and it will effect the stock market. Expect a banking holiday after.  The brother was pretty freaked out, said new currency is being issued.  The brother had to cancel a wedding coming this weekend. And chase told all employees that if they want to take vacations they will have to quit, and canceled all time off.

The caller was stoked because his friend now believes him and it was awesome confirmation for him. His friend apologized for thinking he was crazy.

Forward to the 38 minute mark.

The Real Truth Call Latest Replay (559)726-1399 Pin 143153#

 

Last Updated on Thursday, 13 March 2014 13:26
 
Poofness GCR RV Update Mar 10/14 Print E-mail
Monday, 10 March 2014 13:17

Poofness GCR RV Update Mar 10/14

Folks when this finally happens if you have dinar please say you wish to EXCHANGE TO MAKE SURE YOU GET THE HIGHER RATE, also if you do not use the 1 800 numbers you will not get the higher rate from what I have heard.

RV updates www.tntdinar.com when 1800 released posted at www.tntsuperfantastic.com  www.tntsuperfantastic.org   www.tntsuperfantastic.net

Greetings and Salutations:

 

Poof said:

 

I would like to make it clear that losing faith at this time

is inappropriate? Don't let go after hanging this line; Just say

little and watch. Watch and be aware and be ready to do the wise,

aware, and professional things that will be needed. The world is a lot

more chaotic than you would know at this point. Just remember that

chaos does lead to breakdowns and as you spiritual types know

breakdowns lead to breakthroughs and so being aware of that you don't

get so caught up in the feeding frenzies that go on. Steer clear and

keep your own counsel. It helps to recall that your investment in this

is minimal, always has been. Well not for everyone but for most. If

you view it that way then you can also entertain the idea that you've

lost a lot more money in the stock market or the Forex or currencies

or the casinos than you've ever put into this investment. So why would

you lose faith now? Choose to step back and be objective and also use

your instincts to see that none of this would be happening today if it

were not viable and real and has something to offer. If it had been a

scam or a scheme, there would have been far more monies extracted and

the game would have been over. That has not happened. My family's

needs and my own have required your support; I choose to keep the

communication lines open not just daily but hourly at times and

handled more phone calls in a week than the average reader could ever

have given thought. Why? Because like you we thought this world

changing maneuver was going to happen long ago. And it could have. It

should have. It did not but i also knew enough to know that it was

destined to happen. No, I cannot tell you why I knew that at this

time. The day will come when I will. But pick up the butt, get the

faith back in place and realize you are going to be blessed beyond

your wildest imagination. Most have misplaced their dreams. Time to

pull those back up and rework them.

 

ZAP SAYS:

 

HI ALL

 

MANY EVENTS HAVE TRANSPIRED, AND ARE CONTINUING TO HAPPEN AS

WE SPEAK THIS WEEKEND. THERE ARE MAJOR MEETINGS ONGOING WITH THE

FAMILY, GOVERNMENTS, REGULATORY AGENCIES, INSTITUTIONS, BANKS, AND THE

OCCASIONAL WAFFLE HEADS FROM THE CABAL. THEY ARE NOT HANDING OUT

FLUFFY TOYS.

 

THESE MEETINGS MEAN EVERYTHING TO THE WORLD AND OUR HUMANITY.

 

THEY ARE THE FINAL STEPS IN THE ESTABLISHMENT AND DEPLOYMENT

OF THE DIVINE PLAN FOR OUR HUMANITY THAT WAS DEVELOPED SO LONG AGO.

 

ALTHOUGH I KNOW MANY DETAILS OF THIS DEPLOYMENT AND THE SECRET

STUFF SURROUNDING THE MEETINGS, THERE IS NOT THAT MUCH I CAN SAY AS

THE SENSITIVITY HERE IS SO GREAT THAT ANY CHINK IN THE ARMOR MAY BE

TAKEN ADVANTAGE OF AND THE PROCESS DELAYED. SO I WILL SPEAK ONLY IN

GENERAL TERMS AND HOPE YOU UNDERSTAND THE NEED FOR THIS SECRECY.

 

ANOTHER SITE HAS GOOD INFORMATION, AND THAT IS THE

HTTP://S3ALPHA.NET FOLKS. THEY ACTUALLY POSTED THIS INFO:

 

PER CONVERSATION WITH BOND BROKERS & GLOBAL DEPOSITORY

INSTITUTION FACILITATORS, INSTITUTIONAL INVESTORS, GLOBAL CLEARING

HOUSES, TIER 1 TRADING DESKS, AGENCIES, AND CME CONTACTS, THE WIRE

TRANSFERS FOR THE BONDS HAVE STARTED AND THE RATES ON THE IRAQ BONDS

IS AT $3.71 AS OF TODAY.

 

THE IRAQ PRIVATE BOND SALE HAS BEEN COMPLETED, AND THE

RATES, TERMS, AND INTEREST IS FIXED, LOCKED AND CAN NOT BE CHANGED OR

MANIPULATED VIA SEC GUIDELINES AND REGULATIONS, IE FOREX PROBE (GLOBAL

CURRENCY MANIPULATION) GLOBAL SYSTEM STABILIZATION & SECURITY IN

CONJUNCTION WITH GLOBAL SECURITY AGENCIES AND AUTHORITIES.

 

ARTICLE 8 WITH IMF IS COMPLETED FOR IRAQ. RATES FOR OTHER

EM'S ARE LOCKED AND LIVE TODAY ON BANK SCREENS. GLOBAL INSTITUTIONAL

INVESTORS NOW HOLD THE BONDS, VIA PRIVATE PLACEMENT AND GLOBAL BOND

SALE. ISX, EURONEXT, FOREX, AND ALL GLOBAL EXCHANGES ARE ON HIGH ALERT

AND POSITIONED TODAY.

 

CHINA HAS ALREADY MADE ANNOUNCEMENT TO BECOME A GOLD

BACKED GLOBAL RESERVE CURRENCY. BRICS & MINT EM'S ARE LEVERAGED AND

POSITIONED, AND ALL GOLD CERTIFICATES IN CONJUNCTION WITH CHINA &

OTHER I.I.'S, AND COUNTRIES ARE POSITIONED TODAY. GLOBAL CURRENCY

SWAPS AND CENTRAL BANK LIQUIDITY SWAPS, TO CIRCUMVENT USD ARE IN

PROCESS, AS THE PETRO DOLLAR PREPARES TO VANISH AND WORLD & EM'S

TRANSITION TO DIRECT OIL PURCHASES VIA DIRECT CURRENCY SWAPS WITH

COUNTRY CURRENCY GLOBALLY.

 

TIER 2 BANKS IN USA ARE POSITIONED, NDA'S HAVE BEEN

REVISED AND THERE WILL BE NO HIGH RATES, WITH THE EXCEPTION OF GROUPS

WITH EXISTING CONTRACTS. ENVIRONMENT IS NOW CLEARED AND STABILIZED FOR

GLOBAL RESET.

 

BONDS WERE FIRST STEP, THEN RV, AND GCR WILL FOLLOW.

MULTIPLE BOND CONFIRMATIONS GLOBALLY FROM T1'S, CME, ALL AGENCIES

GLOBALLY.

 

HYPERLINK "http://s3alpha.net/?xg_source=msg_mes_network"</a"

http://s3alpha.net/?xg_source=msg_mes_network

THIS LAST STATEMENT REGARDING BONDS IS BANG ON THE BUTTON.

FIRST BONDS, THEN EVERYTHING ELSE. AS OF MARCH 5, THE FOLLOWING

INFORMATION WAS GIVEN TO ME FROM THE MEETINGS:

Global RV just passed today. Everything is pushed back 3 days

on transactions as a result.

Today the new dollar (US Treasury Note) for the USD exchange

is being announced, and the new exchange rate.

This directly affects the bond purchases as when this is

confirmed, the bank will be able to issue the contracts for the bond

purchases.

THERE WAS FURTHER INFORMATION, BUT THIS DID NOT COME FROM MY

DIRECT SOURCE:

The following information has been reported as of yesterday

regarding the status of the Redemption Plan for the Historical Bonds

for 23 countries. It is believed that the chronological sequence of

events will take place as follows:

U.S. will bring forth their gold backed currency which will be

issued by the U.S. Treasury, not the Federal Reserve. The currency

issued by the FEDs is a Fiat Currency (no intrinsic value).

Apparently, the new gold backed currency for the U.S. has been already

moved to the proper disbursement centers. The exact day for the

release of the new currency is estimated to take place prior to March

17th. (Every estimated date so far has been wrong.)

The RV/Currency Re-set can then take place since the 198

currencies involved will now be based on USD which will be gold

backed. (Obviously, the RV could not have taken place with USD being a

Fiat Currency.)

Upon the completion of No. 1 & 2 above, the FEDs/U.S. Treasury

will remove the restriction on the transfer of USD being used to pay

for Historical Bonds. (All Historical Bonds will be paid in USD).

The relevant "Chinese Funding Source" can now move USD to

their designated Buying Groups and Trade Platforms so that Historical

Bonds can be redeemed via "cash at closing" or PPP's which takes 40

weeks or more. Note: Currently, a few Bond Sellers have been paid by

taking the sale proceeds in a bank account set up for the Seller in

the Funding Bank. However, these funds cannot be transferred until the

FEDs remove the current restriction.

 

The Trade Platforms will receive their "Basel 3 Compliance"

approvals so that they can start trading with Historical Bonds being

the "underlying asset". Most of the Credit Lines will be provided by

the Chinese since Platforms cannot get traditional Credit Lines on

Historical Bonds that have no value. (Only when these bonds are

converted into Negotiable Instruments will they have value.)

 

The formula for the "use of sale proceeds" for the Bond

Sellers appears to be unchanged: 70% for projects of the Sellers or

Sovereigns, 20% for personal use by the Sellers,10% for Fees. All

Facilitators, as well as the Seller, must pass Compliance.

Facilitators could be required to place a major share of their fees

into projects.

 

THESE TIDBITS OF INFORMATION KEEP SURFACING AS THE LEAKS

CONTINUE TO GIVE US PERSPECTIVE. REMEMBER TO TAKE MOST OF THESE WITH A

GRAIN OF SALT, AS THERE IS MISINFORMATION MIXED IN WITH THE TRUTH. MY

INFORMATION IS DIRECT FROM SOURCE, SO I HAVE NO ISSUES WITH THAT, AND

USE THAT FOR VERIFICATION OF OTHER INFORMATION THAT SURFACES, AND

PRETTY WELL A GOOD 80% IS ACCURATE.

 

Last Updated on Monday, 10 March 2014 15:04
Read more...
 
RV GCR Update Mar 9/14 Print E-mail
Sunday, 09 March 2014 17:46

RV GCR Update Mar 9/14

RV Updates www.tntdinar.com Posting  1800 numbers when available www.tntsuperfantastic.com www.tntsuperfantastic.org www.tntsuperfantastic.net

FRIDAY EVENING - MARCH 7TH
5:05 PM EASTERN

STAGE3ALPHA
Direct Intel

PER CONVERSATION WITH BOND BROKERS & GLOBAL DEPOSITORY INSTITUTION FACILITATORS, INSTITUTIONAL INVESTORS, GLOBAL CLEARING HOUSES, TIER 1 TRADING DESKS, AGENCIES, AND CME CONTACTS, THE WIRE TRANSFERS FOR THE BONDS HAVE STARTED AND THE RATES ON THE IRAQ BONDS IS AT $3.71 AS OF TODAY.

THE IRAQ PRIVATE BOND SALE HAS BEEN COMPLETED, AND THE RATES, TERMS, AND INTEREST IS FIXED, LOCKED AND CAN NOT BE CHANGED OR MANIPULATED VIA SEC GUIDELINES AND REGULATIONS, IE FOREX PROBE (GLOBAL CURRENCY MANIPULATION) GLOBAL SYSTEM STABILIZATION & SECURITY IN CONJUNCTION WITH GLOBAL SECURITY AGENCIES AND AUTHORITIES.

ARTICLE 8 WITH IMF IS COMPLETED FOR IRAQ. RATES FOR OTHER EM'S ARE LOCKED AND LIVE TODAY ON BANK SCREENS. GLOBAL INSTITUTIONAL INVESTORS NOW HOLD THE BONDS, VIA  PRIVATE PLACEMENT AND GLOBAL BOND SALE. ISX, EURONEXT, FOREX, AND ALL GLOBAL EXCHANGES ARE ON HIGH ALERT AND POSITIONED TODAY.

CHINA HAS ALREADY MADE ANNOUNCEMENT TO BECOME A GOLD BACKED GLOBAL RESERVE CURRENCY. BRICS & MINT EM'S ARE LEVERAGED AND POSITIONED, AND ALL GOLD CERTIFICATES IN CONJUNCTION WITH CHINA & OTHER I.I.'S, AND COUNTRIES ARE POSITIONED TODAY. GLOBAL CURRENCY SWAPS AND CENTRAL BANK LIQUIDITY SWAPS, TO CIRCUMVENT USD ARE IN PROCESS, AS THE PETRO DOLLAR PREPARES TO VANISH AND WORLD & EM'S TRANSITION TO DIRECT OIL PURCHASES VIA DIRECT CURRENCY SWAPS WITH COUNTRY CURRENCY GLOBALLY.

Read more...
 
GCR RV Tech News Mar 7/14 Print E-mail
Thursday, 06 March 2014 23:19

GCR RV Tech News Mar 7/14

RV & Ukraine opinion 18 minutes

PLEASE LISTEN TO THIS VERY URGENTLY AND INTERESTING...

http://www.youtube.com/watch?v=hUUtghF_dBg&feature=youtu.be

RV News webinars and 1800 numbers www.tntdinar.com www.tntsuperfantastic.com www.tntsuperfantastic.net www.tntsuperfantastic.org

Hi Everyone,

I know I just did a post yesterday but I wanted to pop on and give you a quickie update from the news I received last night from my new IMF contact. I am very excited and glad we are getting to the bottom of this mess…and I mean mess. I will explain below.

I do not intend this to be a “hopium” post but just to give you the facts. You can see it is close at hand. This is almost exactly what I was told so I will try to type from my notes as much as possible. It was a long call for me. I hope its okay with you.

First let me say I do not usually have many bank contacts and do not try to get info from banks as my source of info since I feel they are at the bottom of the food chain and just get the final result. So much of their info does not mean much to me but its interesting but could be misleading at times too.

Read More Link On Right

So I snooped around a bit and through a little networking and calling on owed favors ….lol…. I was able to dig up a source who gave me a run down of the situation.

Here it is:

The UST (US Treasury) 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. 

They put this out for bid. First Bank of America (BOA) as the lead took the bait but realized it could not supply the resources needed to do the job. They simply did not have the level of technical expertise needed in their limited IT department and did not feel they could do it in the time frame needed and with the budget offered.

So Wells Fargo came into the picture since it had a larger IT shop and worked with an excellent, skilled  IT outsourcing group, So they showed they could perform and the contract was awarded to them. 

One of the problems they are now aware of it that they did not hire a specialized Quality Assurance (QA) test group but are now finding that this is needed and should have been done. But they had to go back for more money since their orginal contract did not include funding for these resources. 

They have since hired some QA specialists and a QA manager. They also took for granted the changes needed since the specs handed off to them were incomplete. The specialized test group is finding the developers went right to Beta test without doing much Unit testing (I think I go it right? ). 

Are developers the coders? Just curious..anyone? They are now moving on in the right direction but there is more testing to do. They are working late hours and weekends.

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 reliability and consistency. 

So they backed off and met with the company that controls the FOREX system  (which they would not tell me who and I really don’t care) and re-strategized this mess and how they would proceed going forward. 

They also met with some high level officials in the UST and IMF and decided to integrate this with CIX. you know this story already so I will not repeat it. Go read some of my last posts. (This in my opinion only added yet another layer of complexity but they said it didn’t and actually simplifies the process, but what do I know about these things) .

Read more...
 
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