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Economist, columnist, radio host and international speaker Jerry Robinson is warning of the expansion of "the corrupt" European Union through a coming "Transatlantic Union."
On his "Follow the Money Weekly" program, he notes that the idea isn't new.
"While the idea of a Transatlantic Common Market can be seen as far back as 1948 in the global security integration of NATO, it first gained major momentum in April 2007 when President George W. Bush approved the Transatlantic Economic Council," he explains.
"This council is a permanent international body that seeks to provide deeper economic integration between the U.S. and the EU," Robinson says. " … The council seeks to harmonize a large number of complex U.S. and EU regulations in preparation for a free trade zone by 2015."
He cites an agreement between the U.S. and the EU "to forge ahead with their bold plan to create a free trade area known as the Transatlantic Trade and Investment Partnership."
Robinson says that together with the business community, the TTIP is "being sold as a painless economic stimulus plan that will create more jobs in both areas."
"But of course, you cannot have a common market without first creating a system of common standards and regulations," he says.
He calls the Transatlantic Union "a covert attempt at enlarging the influence of the corrupt European Union initially through a 'free trade zone.'"
"However, it will inevitably lead to the creation of a political union, then finally a monetary union,as this has long been the goal of those who seek global governance."
He also discusses the recent plunge in the stock market.
"My recommendation to you is to: 1) Cut any weak positions in your portfolio. 2) Protect your gains with tight stop losses. 3) Use Inverse ETFs to make money on the way down," he says
"If you are sitting on any gains that exceed 20 percent, now is the time to lock in those gains. If our current market environment is like any previous one, then expect the greedy to be punished. Most importantly, don't let your gains turn into losses. There is a time to buy a stock and there is a time to sell a stock. In this current environment, it is much more likely that you should be selling stock rather than buying new positions," says Robinson.
Tom Cloud joins the program to provide his latest word on gold, silver, palladium and platinum. Certified Financial Planned Jay Peroni talks about his investing idea of the week.
John Bearss concludes with his "Retirement Minute," about two myths regarding Social Security.
The myths are that Social Security is only a retirement program and that if you earn money after you retire, you'll lose your Social Security benefits.
Finally, Robinson interviews author Chad Hovind in his special guest interview. They discuss a Christian view of the free enterprise system, what does God want for an economic system and what Acts 4:32 means.
Podcast is 1:19:35.
Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, "Follow the Money Quarterly."