Grand Rapids, MI -- (SBWIRE) -- 10/28/2013 -- In today's world it is hard to stay abreast of everything that is happening financially. Dennis Tubbergen, a financial advisor, author, radio show host and CEO of PLP Advisors, LLC can be counted on to give a hand when it comes to understanding the latest events in U.S. and world economics.

Whether people enjoy his weekly portfolio update commentary at http://www.yourretirementoutlook.com or his blog at http://www.dennistubbergen.com, Tubbergen is dedicated to sharing his viewpoints and opinions. On October 24, 2013, his blog was titled Japan and China Make Contingency Plans.

“Yahoo News ran a story explaining how the countries of Japan and China are making contingency plans in the event the U.S. were to default on debt," began Tubbergen. "The countries, which both hold large amounts of U.S. debt are openly concerned about the reliability of the U.S. Government to continue to responsibly manage its debt."

Tubbergen quotes from the October 18, 2013 article:

Deal or no deal, the U.S. Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill.

The 11th-hour agreement on Wednesday between Congressional Republicans and Democrats to raise the limit on U.S. government borrowing and end a 16-day government shutdown also averted a default on U.S. Treasury bonds that had threatened the global economy and financial system.

But Congress gets another chance to hold U.S. creditworthiness hostage early next year ahead of a new February 7 deadline to approve a debt ceiling increase.

"We're glad a deal has been struck," said a Japanese policymaker, who spoke on condition of anonymity. "But the uncertainty will remain and it will be the same thing all over again early next year."

To see why Tubbergen thinks this is just another sign of a future move away from the U.S. Dollar as the world reserve currency, go to http://www.dennistubbergen.com and select his October 24, 2013 entry.

Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM.

About Dennis Tubbergen
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at http://www.dennistubbergen.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.