I’ve been doing some searching today around various news and social bookmarking sites, and I have come across some troubling headlines. Actually, it all started this morning while I was watching CNBC. During the show they mentioned that in Jay-Z’s newest music video, in several scenes he has fists full of euros rather than dollars. It seems like a silly thing to point out, but what that symbolizes isn’t good. Here are the headlines I’ve come across today…

Dollar Slumps to Record on China’s Plans to Diversify Reserves

7 Countries Considering Abandoning the US Dollar

Supermodel ‘rejects dollar pay’

Sinking Currency, Sinking Country

It probably won’t come as a suprise to anyone that the dollar is historically weak, but what exactly does that mean? well, America, and Americans are getting poorer. So the dollars we are working harder and harder to accumulate, aren’t buying in the world what they once did.

As with anything, there are ways to make money off a falling dollar, and protect your portfolio. In addition to trading currencies, you can invest in companies that benefit from a falling dollar. There are 3 sectors that should especially benefit. Tourism, foreign companies trading on U.S. exchanges, and U.S. companies that operate heavily overseas.