Obama's Weekly Address: Let the Buyer Be Aware

President Barack Obama used his weekly address this week to highlight his plan to create a Consumer Financial Protection Agency. The new office, proposed by Elizabeth Warren a few years back, would aim to help American consumers make better financial decisions by constructing choice options fleshed out by better, clearer, more structured data.

Also from the White House film unit: a new video celebrating fatherhood.

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Consumerism...

Most consumers are practical when it comes to money issue, thus, as much as possible, they would find a lowest price but good service or product. Some companies out there are giving a high price but the quality of the product isn’t good enough. Consumers must be aware of this matter. Nevertheless, as everyday exchange rate changes since currencies are traded on an open market. There are several reasons why dollar is declining. For instance, as the dollar resumes its declines, investors will be less likely to hold assets in dollar as they wait for the decline to stop. The dollar value, by that meaning the value of the American currency against all other currencies, is of great concern as many countries peg (or set) their currency value by the dollar. The dollar's value has been fluctuating, and lately it has been trending downward, especially against other currencies such as the Yuan, currency of China. The world's economies are fast becoming one linked economy, and in the modern age, oil's up as the commodity with most value, and gold's down. Currency values are a complex thing and many would give a cash advance loan to bump up the dollar value. The dollar value is something we all should be a little concerned with.