Evening News with Dr. Scott Young and MarkZ. 02/07/2025
Evening News with Dr. Scott Young and MarkZ. 02/07/2025
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: I have had so many messages from bank personnel today that have told they are working tomorrow. These are lower level, mid level, teller level who have no idea what’s going on but have been called into work this weekend. Could it have something to do with updates or a change in bank systems?
MZ: Or does it have something to do with the Fed migration? “ Preparing for the Fedwire migration to ISO20022 in March 2025” This is the full migration on the Us banking system to ISO20022 …maybe it has something to do with that? I don’t know. But it’s interesting that I got it from many bank sources.
Member: Interesting TNT has said the same thing about bank sources
MZ: I had a meeting with some upper level management folks. At the IRS they have suspended all hiring and if you were hired after Jan 20th…. You are gone. If someone was hired before Jan 20th and in a “probationary period” They are not sure what to do with those right now. I am hearing from staff that are involved that they do not know what is going on right now. From inside the IRS- they are not certain if the IRS still exists?
MZ: None of this is secret information…it is publically known. Noone has a NDA or anything like that. I believe the IRS and many employees are preparing to bail. They were told to keep working from home right now as they don’t what to do with them. Something is afoot….according to my sources that work there.
Please listen to the replay for the total call and Dr. Young’s information and opinions on taxes.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.
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