Financial advisor Dennis Tubbergen takes a closer look at how the dollar is faring in the world economy.

Grand Rapids, MI -- (SBWire) --05/20/2011 --As a financial advisor, advisor to other financial advisors, author and radio talk show host, Dennis Tubbergen frequently discusses U.S. and world economics and politics. Tubbergen dedicated one of his April financial blogs to discussing how the U.S. Dollar could possibly lose its place as the world reserve currency.

On his May 5, 2011 blog Tubbergen brought the topic up again.

“The U.S. Dollar had a bad April – really bad,” began Tubbergen. “And the rest of the world is noticing, too.”

Tubbergen referred his readers to some excerpts from an article in Australia’s Sydney Morning Herald.

“The United States’ radical policy of printing money while keeping interest rates near zero is taking a growing toll on the world’s reserve currency, prompting financial markets to abandon the greenback,” stated the Aussie’s Herald. “A broad sell-off in the U.S. Dollar yesterday drove the Australian dollar to a fresh post-float record of US1.0947, continuing its recent stellar performance.”

“Did you notice the word ‘radical’ being used to describe U.S. monetary policy by the Australians?” queries Tubbergen.

But it is not just Australia condemning our currency.

Tubbergen quoted Canada’s The Globe and Mail as saying the following on April 28, 2011. “The U.S. Dollar’s long decline has turned into a sudden plunge, throwing currency markets into a frenzy that is complicating life for policy makers and executives the world over. An index that measures the value of the dollar against six major peers declined for the eighth consecutive day Thursday, the longest slump in two years.”

Not to be left out on commenting on the U.S. Dollar, in the U.K. The Telegraph reported on April 28, 2011, “The pound touched a 17-month high against the dollar as the world’s reserve currency slumped on fears about the U.S. economy’s recovery.”

The Telegraph’s article also quoted Kathleen Brooks, research director at trading platform Forex.com, as saying, “At this juncture there is nothing much to support the dollar. The Fed aren’t helping.”

“With so much dollar bearishness, it wouldn’t surprise me to see a short- or medium-term U.S. Dollar rally,” predicts Tubbergen. “You know the old adage, ‘when the bull is on the cover of all the magazines, it might be time to sell.’ Long-term however, the monetary policies of the Federal Reserve are probably bearish for the U.S. Dollar.”

Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in the USA Wealth Management Building in downtown Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog that can be viewed at http://www.dennistubbergen.com. His weekly talk show The Everything Financial Radio Show is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors, with recent podcasts available at http://www.everythingfinancialradio.com.

The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed