Is Trump Going To Change Social Security If Elected

Republican presidential candidate, real estate mogul Donald Trump, speaks at the Family Leadership Summit in Ames, Iowa, Saturday, July 18, 2015. (AP Photo/Nati Harnik)

Republican presidential candidate, real estate mogul Donald Trump, speaks at the Family Leadership Summit in Ames, Iowa, Saturday, July 18, 2015. (AP Photo/Nati Harnik)

Is Trump going to change Social Security if elected, if so, you can guess it won’t be for the better. Social Security is vitally important to many Americans.  According to the Social Security Administration, the majority of elderly beneficiaries get 50% or more of their income from Social Security, while 22% of married elderly beneficiaries and 47% of unmarried ones get fully 90% or more of their income from it. Therefore , we can all guess  what the leading candidates for  U.S. presidency have said about Social Security and how they might change it, but  how would Donald Trump change Social Security?

To answer that question is harder because Trump hasn’t been very consistent in his views on Social Security and other topics. As Jim Geraghty noted in National Review last month, “Within 24 hours of becoming the presumptive Republican nominee, Donald Trump had reversed his positions on tax increases, paying down the debt, raising the minimum wage, and self-financing his campaign. It was a busy day.”

Still, it’s instructive to review things he has said about the program, as they can offer a little insight into his thinking, although it is  very general, Republican positions on Social Security range from reducing benefits to raising the retirement age further to reducing the Social Security tax rate to even privatizing the system. (Democrats, including President Obama, have called for strengthening the program.)

Back in 2000, in Trump”s book The America We Deserve, Trump compared Social Security to a Ponzi scheme, suggesting that it should be privatized and that the retirement age should be increased.

During a Republican debate in March, Trump reportedly said, “It’s my absolute intention to leave Social Security the way it is,” adding, “I want to make our country rich again so we can afford it.”
In a 2015 debate, when asked about limiting Social Security by income, he said, “As a policy, I would leave it up to the people,” adding: “Don’t forget they pay in, and maybe they do well, and maybe some people want it. But the fact is that there are people that truly don’t need it, and there are many people that do need it very, very badly.
Trump’s words might be reassuring, but we shouldn’t just accept them at face value. Politicians rarely keep all their promises, and this one has a history of changing his position on various issues.

Here are some reasons to worry: Trump’s team has suggested that his economic plan will grow the U.S. economy faster, leading to a multitrillion-dollar surplus within a decade. The Tax Foundation, though, which is more right-leaning than left-leaning, has begged to differ, estimating that should Trump succeed in sharply reducing corporate taxes and simplifying the tax code, his plans will reduce tax revenues by some $10 trillion. With that kind of a shortfall, our economic environment might not be conducive to preserving Social Security. (The Center for a Responsible Federal Budget has estimated that Trump’s overall plans are likely to raise our national debt by $12 trillion to $15 trillion.)

Several of Trump’s recently hired advisors are on record as wanting to privatize Social Security, reduce benefits, and otherwise shrink the program — including cuts to disability, Medicare, and Medicaid benefits. After Trump spoke out in general support of Social Security, his advisor Sam Clovis suggested on May 11 that Trump would consider making cuts to the program. While Trump may speak out in support of Social Security these days, note that he has also said “As Republicans, if you think you are going to change very substantially for the worse Medicare, Medicaid, and Social Security in any substantial way, and at the same time you think you are going to win elections, it just really is not going to happen.” He said that in a 2013 address to the Conservative Political Action Conference, and it shows him knowing that if he wanted to cut Social Security, it wouldn’t be wise to say so if he also wanted to get

With all that in mind, what is  to happen to Social Security should Donald Trump get elected president? Well, the best answer is: We don’t know. He has changed his position on lots of topics, including Social Security, and he would be arriving at the job with little governing experience. He may well leave a lot to his advisors, in which case cuts may very well be on the table and if they are many people will suffer. Even today Medicare has changed significantly causing it hard for the elderly to get proper care. If there is much more changes Medicare is barely going to exist. With the job shortage, the elderly need their Social Security because it will be harder for them to find work and they will not be giving up their jobs for the younger folks to take over.

It has even be stated by some, if Trump begins to take a lead over Clinton, the Stock Market is going to begin to fall and if Clinton begins to take the lead the Market will rise. The last few days the Market has dropped considerably and Clinton has made remarks that is not favoring her in the election so lets hope for the Market’s sake, she watches what she says. It would be nice if it would go back up.

What Is Happening In The Housing Market?

A person holding a miniature house and some dollar bills

A person holding a miniature house and some dollar bills

What is happening in the housing market? It seems to be going in all directions. Homes are climbing in prices. More people have begun to flip houses again. Several are beginning to buy homes for rental property. Is it because everyone knows that interest  is going up so they have jumped into housing now before interest gets high. Maybe the rise in interest really isn’t the reason either, maybe its because there is a shortage in homes.

Many contractors fear that building new homes may be harder to sell down the road if the interest does rise, so many are limiting the amount they are building. A lot are are working under contract building apartments, especially in my area in Northwest Arkansas, but what are flippers doing.

This last year homes are beginning to be flipped by many because there is a profit to be made. The average profit is $58,000. Most flippers pay in cash, which is hurting the average home buyer because they can’t pay in cash and everyone wants a house that is a foreclosure or needs a little work that doesn’t cost a lot. So the average home buyer is losing out and it is really getting hard for them to get financed. They can’t purchase a new home. In the United States the largest percentage of homes fall in the $250,000 to $500,000 right next to that is $500,000 to $750,000 range. There are hardly any in the $100,000 to $125,000 in fact they are in a minus percentage range.

So you can see an average income family doesn’t stand a chance against a flipper when buying a house, so they are stuck with renting an apartment,

If you decide to flip a house and want to make a good profit you will need to put a good amount into it to sell it to someone who is more than an average home buyer,because you paid the price they wanted to pay to begin with, unless all you want to do, is clean it up mend what needs to be fixed and make it presentable for resale for a quick profit to the average buyer. Mostly, your labor will be what you will have in the home. If you can get several homes bought in a year, to do quick sales you will have lots of buyers for a house with a lot lower price. Otherwise plan on several months of hard work and lots of money and waiting for the right buyer for your price.

The housing market will stay for a while as long as there are jobs and the interest stays down. If our economy will stay at bay. Now if any one knows when that is going to change they need to be out there telling everyone, before someone makes the mistake in investing in a home and then possibly losing their job.

Is Paying All-Cash For Your Next Home Wise

 

home-sale-real-estate-sign-house-beautiful-new-30589662At a time when many Americans would find it difficult to scrape up even a 10% down payment for a home, a surprising new trend has emerged. Increasing numbers of home sales are now all-cash deals, but is paying all-cash fr your next home wise, Here is some pros and cons, why you should and shouldn’t.
According to data supplier RealtyTrac, 38.1% of residential property sales in the U.S. in November 2015 were all-cash arrangements, up from 30.9 percent a year ago to the highest level since March 2013. RealtyTrac suspects the increase in all-cash sales is due to the new documentation and disclosure rules for mortgages that took effect in October of last year and global instability that drives foreign cash buyers to the relatively safe U.S. real estate market.
So if you’re in the market for a property, either as an investment or as a residence, and could afford to pay cash for it, should you? Here’s a look at some of the pros and cons.

Why All-Cash Makes Sense

1. A seller who knows that you don’t plan to apply for a mortgage is likely to take you more seriously. The mortgage process can be time-consuming, and there’s always the possibility that an applicant will be turned down, the deal will fall through and the seller will have to start all over again.  Being ready to pay cash not only gives you an edge with motivated sellers eager to close the deal, it also helps with sellers in real-estate markets where inventory is tight and bidders may be competing for their property.

2,You could get a better deal. Just as cash makes you a more appealing buyer, it also puts you in a better position to bargain. Even sellers will understand intuitively that the sooner they receive their money, the sooner they can invest or make other use of it.

3. You don’t have to endure the hassle of getting a mortgage. Since the housing bubble and ensuing financial crisis of 2007-08, mortgage underwriters have tightened their standards for deciding who’s worthy of a loan. As a result, they are likely to request more documentation even from buyers with solid incomes and impeccable credit records. While that might be a prudent step on the part of the lending industry, it can mean more time and aggravation for mortgage applicants. Sometimes buyers couldn’t get a mortgage because they already have an existing mortgage on another house up for sale, so they use cash to purchase the new property. When the other property sells, they can take that cash or they may then place a mortgage on the new property unless they want to forgo the interest.

4. By paying all-cash, you don’t have to worry about mortgage. Mortgages usually is  the largest single bill most people have to pay each month, as well as the biggest burden if income falls off due to job loss or some other misfortune. In this day and age very few people ever pay off their homes, because they are financed for 15 to 30 years. They are usually selling for a new home or refinancing to remodel. If peace of mind is important to you, paying off your mortgage early or paying cash for your home in the first place can be a smart move. That’s especially true as you approach retirement. Though considerably more Americans of retirement age carry housing debt than was the case 20 years ago, according to Federal Reserve data, many financial planners see at least a psychological benefit in retiring debt-free. It is wise when downsizing to a less-expensive home in retirement, to use the equity in their current home and not get a mortgage on the new house.

What You Lose

1. You’ll be tying up a lot of money in one asset class. If the cash required to buy a home outright represents most of your savings, going against the rules of personal finance: diversification. What’s more, in terms of return on investment, residential real estate has historically lagged well behind stocks, according to many studies. That’s why most financial planners will tell you to think of your home as a place to live rather than an investment. The only investment real estate can be is in short term such as flipping: buying, remodeling and reselling.

2. You’ll lose the financial leverage a mortgage provides. When you buy an asset with borrowed money, your potential return is higher – assuming the asset increases in value. For example, suppose you bought a $300,000 home that has since risen in value by $100,000 and is now worth $400,000. If you had paid cash for the home, your return would be 33% (a $100,000 gain on your $300,000). But if you had put 20% down and borrowed the remaining 80%, your return would be 166% (a $100,000 gain on your $60,000 down payment). This oversimplified example ignores mortgage payments, tax and other factors. Another advantage is a deduction for taxes of your interest and closing costs.

It’s worth noting that leverage works in the other direction, too. If your home declines in value, you can lose more, on a percentage basis, if you have a mortgage than if you had paid cash. That may not matter if you intend to stay in the home, but if you need to move, you could find yourself owing your lender more money than you can collect from the sale.

3. You’ll sacrifice liquidity. Liquidity refers to how quickly you can get your cash out of an investment if you ever need to. Most types of bank accounts are totally liquid, meaning that you can obtain cash almost instantly. Mutual funds and brokerage accounts can take a little longer, but not much. A home, however, can easily require months to sell.
You can, of course, borrow against the equity in your home, through a home-equity loan, line of credit or reverse mortgage.  All of these options have drawbacks, including fees and borrowing limits, so they aren’t to be entered into casually.

The Bottom Line

Paying all cash for a home can make sense for some people and in some real-estate markets, but make sure you consider the downsides too.

What Is Happening On Wall Street

wallstreettimthumbHave you been wondering if any new article were going to be posted? It is what is happening on Wall Street that is making it hard to post. The markets keep jumping all over, mo one seems to know where to go. Some say sell Bonds, they are not safe, others are saying buy bonds get rid of Stocks. Some are pain that the Stock Market is plain unsafe altogether and we will be in a depression come June.

Does that make you wonder what do I need to invest my money or should I invest at all. Maybe I should purchase gold or real estate. Only gold keeps going up and down so quickly it is hard to decide. In fact today it was up over $30. That is a large amount because just a few days ago it was down $12.

Oil is finally going up but for how long. It all depends how long production stays down and who can you trust. If the oil should keep going up our energy stocks should also go up. Maybe, if you get brave and decide to invest a little and put a Trade Stop, so if it should go sown you won’t lose it all and you can make a little.

Since the Federal Government decided to watch raising the interest rate the last two days and announced they would not exceed 0,5 percent interest raise throughout the year. We should be having two  0,25 percent rise the next two quarters making it 0,875 percent. This set many buyers more at ease and instead of selling they began buying. Hopefully this will help you decide to buy instead of sell. The next question is what should I buy?

I guarantee this is a very good question and if you have a broker then it would be wise to take it up with him. If you don’t I hope you know your stocks. If you are elderly and have annuities, IRAs and 401Ks you may need to take a look and see if you are making or losing money. You may need to move them to another company or put the 401Ks into an annuity. There you usually get a 10 percent bonus just for moving. You need to see about penalties but with the 10 percent bonus  and a higher interest rate it may be to your advantage.

Hope this article gave you a little idea what is happening in Wall Street and what you could and shouldn’t do with your money. Gold Diamonds Exchange hopes to see a path for people in todays markets and head them in the right direction.

Will The Increased Interest Rate Affect Us

 

sleeping_giant_cartoonSo many are wondering will the increased interest rates affect us and where will be the best place to invest their money now that the Fed raised rates?Carolyn McClanahan, a certified financial planner and founder and director of financial planning at Life Planning Partners, sees opportunities in bonds. In the short term, the stock market will probably get a boost and bonds may take take a hit. But longer term, rising rates will be bad for stocks; therefore, investors may want to evaluate their portfolios and move out of some equities and invest more in bonds, she said

For the past seven years, low rates have made bonds relatively unattractive, and the stock market comparatively more attractive. When rates go up, some of that money will tend to flow back into bonds and away from the stock market, so investors need to pay close attention to this, said McClanahan.

If you invest at all in stocks and bonds, even if you just have a 401(k), this Fed rate hike will be important to you and your portfolio. It could trigger volatility in stock and bond markets, which are already on a roller coaster ride. Stocks can continue to gain, but investors may need to be choosy. Stock investors don’t necessarily need to fear rising interest rates, but some sectors could fare better than others

As of today, our markets are being controlled more by what the oil is doing, last week DOW was down because oil started dropping again, but today DOW is up due to the fact oil is up higher than it has been in over a week. If oil will keep going up the market will keep doing well, although Gold may take a hit since it is down today.So far the increased interest rate hasn’t made a change in the stocks, but time will tell. For some reason when the dollar goes up oil goes down but when the EURO goes up which it is doing now because it has pretty much bottomed out then oil seems to go up. The dollar seems to be just staying or going up slightly and also when the dollar goes up then Gold goes down. So you really need to keep an eye on the market. It really may be time to invest in oil because oil should not drop much lower then it already is.

It is too early to see how the higher interest rate is going to affect the housing market but here again time will tell. I think the rate has not gone up enough to change the market unless we begin to see a big change in unemployment. Hopefully, Unemployment won’t begin to hit right away but should begin as companies get hit with the higher interest rate and have to  try to make up for the added expense. If you want to buy a house this is the time to do so while the interest is still down, but it would be wise to keep the payments low to what you can handle because who knows what are economy will be like in the future.

What Is Gold Doing Now

 

ca. 1990-2000, Zurich, Switzerland --- Gold bars of various weight stacked in the vault of the Credit Suisse Bank. --- Image by © Charles O'Rear/CORBIS

Have you been wondering what is gold doing now, are the stocks going up, should you we buying gold and silver, who knows. The last few days gold and silver have been climbing and appears to be going up more than just a few cents. The dollar seems to be having a trouble either dropping or staying in value but not going up like the Euro. It seems too many things are going on to make the market take a stand one way or the other.

Wage gains, a strong dollar, demand weakness overseas, a U.S. manufacturing slowdown (weakest month since 2009) and low commodity prices are all pressuring corporate profit margins in a big way. Since 1973, such a drop in profitability has only been seen during recessions, save for the lone exception of the 1985 profitability downturn.

The drop in profitability has resulted in aggregate S&P 500 earnings setting a pattern of lower highs and lower lows, according to data compiled by Yardeni Research — a pattern last seen in 2007-2008. S&P 500 aggregate revenues are contracting at a 4 percent annual rate, a level of contraction not seen since the recession was ending.

If profitability is contracting, Credit Suisse warns that the top of the bull market may have already been set: The peak of the last four bull markets occurred within 12-to-18 months after the peak in profitability. So if you’re an optimist, you’ve got to find a thesis that justifies a powerful rebound in profitability.

With factors like a weak labor market, ultra-low interest rates, high energy prices and an emerging-market credit boom have all come and gone. Even the saturation of the smartphone market is casting a pall over the enthusiasm for one-time favorite stocks like APPLE. Biotech is under political pressure. The Internet of Things, autonomous vehicles, machine learning and other new-tech developments are hopes for the next cycle.

Late-cycle dynamics are coming into play: Higher interest rates, higher labor costs and higher corporate debt default rates. All will further pressure overall profit margins, causing  Wall Street to batten down the hatches.

Especially in the bond market. The yield curve — the relationship between short-term and long-term interest rates — is quickly flattening at the same time high-yield or “junk” bond prices are weakening. According to the team at SentimenTrader, this has only been seen three other times on a long-term basis: Before bear markets in 1990, 2000 and 2008.

What does this all mean, will the Federal government think our economy can stand and increase in our interest rate since there has been an increase in jobs and the jobless rate remains the same. The increase in wages can verify the increase in interest, who knows, but we will find out on the 15th of December. Hopefully, our economy can handle it, but everyone is becoming antsy and gold is climbing just how much its going to climb and how long it will continue to climb who knows, but maybe we need to decide whether to buy gold and silver or stocks.

Bitcoin Predictions For 2016

Is everyone wondering what Bitcoin is going to do in 2016? I know I am. It seems to be jumping around a lot right now and nobody seems to know what is going to happen but I have a video made by Steve Zibler on October 12, 2015  for you to watch that is going to give you his Bitcoin prediction for 2016. I agree with him that we are going to hit a crisis, possibly this year and there will be many investing in the Bitcoin, but he does not think that it is the crisis that is what actually makes the Bitcoin take such a leap in its value. In his video he will show you graphs and explain his concepts of why he thinks that Bitcoin will take a leap in August of 2016.

There are others who are believing we are also going to be hit with an economy crash and we will notice a rise in oil and gold. That is why many are saying if you have the money you need to start investing in precious metals and if you don’t have the money find someone who can help you invest in stocks in gold mines that should give you a good return but won’t take much of your money upfront.

Even the Bitcoin is a little high to invest in so just get a few if you are short on money and buy conservatively, but  hold on to them until they take a rise and then use them to purchase the things you need. The only time to use the Bitcoin is when it is worth substantially more than what you paid for it. If you purchase them when they are high then decide to use them to purchase something like a cupcake, you  could be spending close to twenty dollars for that cupcake. So remember what you purchased them for and what the values are when you are ready to spend them.

It is important you understand h0w Bitcoin actually works and there will be more articles to help you understand how to use them and how to obtain them. So keep on your toes if you are interested in Bitcoin and watch what the Bitcoin prediction is for 2016.

 

How To Mine For Bitcoin

If you read my previous article on Bitcoin you should have some idea about Bitcoin. It is confusing and hard to understand exactly where to get the money and how to go about spending it, but once you have it figured out you could make a lot of money by earning it with your computer,

The video with this article is for beginners and also will help those who have just started to work with Bitcoin. It will show you how to mine for Bitcoin and easy ways to mine Bitcoin at a fast rate, by updating you computer to increase its speed which will then help you mine Bitcoin faster. Mining is just a way of  earning Bitcoin by letting large companies to get information from your computer or services. The more graphic cards and power you have the more Bitcoins you can earn.

This video will go over Bitcoin mining and show you how to set up Bitcoin Mining Software on your computer. Bitcoin is a digital currency, which is supported by a P2P network of computers across the internet that act as servers to process the financial transactions of this currency. Some believe Bitcoin is a Scam, or Ponzi scheme, but once one understands the concept of Bitcoin, it is clear that it is not. While the uses for Bitcoin are virtually infinite (paying for goods, services, or money laundering, gambling and drug smuggling) it’s structure remains concrete and open source. However, the VALUE of each Bitcoin is disputable. In theory, Bitcoin becomes harder and harder to mine, which means it takes more and more energy (electricity for your computer/”mining rig” to run) to process Bitcoin and solve “Blocks” of data. Therefore, the price of Bitcoin may be related to the price of energy and the cost of maintaining this network. While it is easy to assert that there will be additional computers added to the network daily, which would ease the work load on the initial nodes, one can only speculate that the price of Bitcoin MUST increase over time. Especially when power costs in the foreseeable future will be rising.

Currently, only 21,000,000 Bitcoins can be created, but that should  rise,  many are hoarding the coins and there just simply wont be enough to go around and not enough work, or transaction data, for the increasing number of miners out there.

Specialized computers and “Mining Rigs” are becoming available from companies such as Butterfly Labs and others, which harness ASIC technology. ASIC means application-specific integrated circuit- so these devices are engineered to mine Bitcoin and only mine Bitcoin. This creates an extremely powerful, and efficient machine, over 100x times more efficient than current setups. These machines are said to be able to mine Bitcoin up to 50 GH/s (if that means anything to you, but it’s A LOT) extremely efficiently! More efficient than any desktop computer rig. None of these super computer miners have been shipped/received and it is still extremely uncertain whether these companies are scamming people or not. (I wouldn’t PRE-order a $3,000 machine promising me all the money in the world, but many are)SO – If these machines come to market, they will truly dominate all others and render most other PC’s/Rigs worthless

How to mine Bitcoin, well now you know it isn’t going underground with an axe but by using your computer or taking a change and putting up the money for the Bitcoin mining machines.If you decide to mine, good luck and thank me for an article that just might make you rich.

 

What Is The BitCoin

 

bitcoin00219b8247171316338521Have you ever heard of the Bitcoin or wondered what is the Bitcoin. It is very hard to explain because it is a type of money that is so different than any money that man has ever known. Its volatility is very high so it is hard to tell what the value of what you are going to buy will be, because they have not yet figured how to scale the cost of the goods with the value of the Bitcoin since the value changes so quickly.

To say what is the Bitcoin in reference to our dollar, is almost impossible to put them in the same category. The Bitcoin is a payment system invented by Satoshi Nakamoto who published the invention in 2008 and released as open source software in 2009.The system is peer-to-peer; users can transact directly without needing an intermediary.Its like paying with cash but no banks are involved. Transactions are verified by network nodes and recorded in a public distributed ledger called a block chain, The ledger uses its own unit of account also called bitcoin. The system works without a central repository or single administrator, which led the US Treasury to categorize it as a decentralized virtual currency. By exchanging the currency this way our identities are are kept safe causing the banks to put EMV chips into credit cards to make them more secure. Bitcoin also makes it is impossible to create fake money.

Bitcoin is often called the first crytocurrency although prior systems existed, but Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its in terms of total market value.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger. This activity is called mining and the miners are rewarded with transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for different currencies,  products, and services. Users can send and receive bitcoins for an optional transaction fee.

Bitcoin as a form of payment for products and services has grown,[and merchants have an incentive to accept it because fees are lower than the 2–3% typically imposed by credit cards processors. Unlike credit cards, any fees are paid by the purchaser, not the vendor. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or charge backs. Despite a big increase in the number of merchants accepting bitcoin, the cryptocurrency doesn’t have much momentum in retail transactions.

To learn more of what is the Bitcoin go to Jewelry and Exchanges and click on how to make money by investing in new money. There you will find out how you can invest in Bitcoin and what you can do with Bitcoin.

Should You Invest In Gold

 

usagoldcoinsThe question should you invest in gold is becoming even more frightening with DOW dropping more and more every day. What is gold doing, it appears to be climbing and that is due to the fact that the DOW is dropping. The only thing is most researcher are predicting that we are going to go into a major depression and stocks will be worthless. Ron Paul  a past candidate for President is also predicting a major collapse in our markets and in the value of our dollar. He says we need to be buying gold in bullion and coins and putting it in a safe place to have it for spending money because the dollar will be worthless.

Ten countries already do not accept our dollar. Then of course there are several countries own dollar that has lost a lot of value until there country is broke. So should you invest in gold, maybe not in stocks but in actual gold. Whether you should put it in a bank is also very questionable because if our economy does collapse then the chances for banks to close, will be very high, it has happened before and it can happen again. Ron Paul even believes that the Federal government will take our IRAs and our 401 Ks. That no one will receive Social Security anymore and many people will be without money.

If any of this should happen we need to start preparing now, if we can. Gold and Silver are high to purchase but if it at all possible begin buying before they become completely out of reach. Save them for the day we may see the interest rising, which they are already talking about. When the interest rises the dollar goes down and gold goes up. When our dollar becomes worthless we will really need to worry.

One of the many places you can check and purchase gold is swissamerica.com .There you can find gold and silver, also they give you explanation of what coins are your best values and what gold is doing on the market. They are also very friendly when talking about your choices. Maybe it is the time for you to invest in Gold Diamonds Exchange.