The money changers are the ones that decide who gets bailed out and they are the very ones organizing the assault on Bitcoins. No currency will be allowed to flourish that competes with king dollar.
example from Bloomberg:
Federal Reserve Chairman Ben S. Bernanke’s plan for paring central bank bond purchases will squeeze profit and erode capital through 2014 at the six largest U.S. lenders, overshadowing second-quarter earnings that are projected to rise by an average of 20 percent.
why would qe taper hurt bank profits?
The FED is a private "For Profit" bank that is owned entirely by its member banks. The "Owners" of the FED has profited a great deal participating in the stock market with FED monies, so yes, the FED does participate. They just do it indirectly to make it appear that their intentions are pure.
QE was never about the economy. It was always about pumping asset prices on bank balance sheets. The economy was simply the excuse used to convince the sheeple that their intentions were pure.
U3 and U6 didn't exist is 1937. When measured in 1937 terms (U6 unemployment) we are just slightly below 1937 levels at 13%-14%.
I heard that the Q's were trading at a huge premium as an etf to their underlying holdings at current prices. If the ETF was dissolved today at current market prices, investors would only get about 90%-95% of their investment in QQQ.
Any book on QE would be theoretical since it has never been proven successful. You cannot even argue that the last 5 years of QE worked until it has ended and the economy can stand on its own, absent FED intervention.
I too have a case study, and it's not some friend or neighbor. It's myself and fellow co-workers. Our premiums went up 25% this year to conform to the ACA. Your feel good story might be helping you swallow this bitter pill, but I work with about 100 people that are spitting nails right now.