I'm late in getting to this; but to be honest, I don't feel confident in talking about some of the confusing and obfuscating actions taken by the private and 'Federal' as 'Federal Express' Federal Reserve. I do try to educate myself, however; and I encourage others to make the attempt to do the same.
Everyone knew the FED was going to get to QE3 sooner or later, so that's no surprise. Bernanke speaks and the stock market sees a surge, but it's all just smoke and mirrors. Quantitative Easing is just more kicking the financial can down the road. It's a temporary fix that is now being put in place indefinitely. It's supposed to increase job production, but will prove to be as ineffective as QE1 and QE2. The FED continues to strip value from the retirement plans of older Americans by its low-interest policy, and its pumping of more thin-air dollars into the economy creates higher prices for the average consumer. There is no trickle-down. Money continues to flow upwards. It's disgusting and it should be criminal.
For an opinion piece on Quantitative Easing in language easy to understand, see: www.forbes.com/sites/markhendrickson/2012/09/19/the-wages-of-bernanke-winners-and-losers-from-qe3/
Also, while wandering around youtube, I did come up with a playlist of sorts that helped mirror some of my anger and frustration:
QE3 Rips into Reality - http://www.youtube.com/watch?v=n-Ounzw3zgU
How to Start a Revolution: Learn from Iceland - http://www.youtube.com/watch?v=8-SiYQ8s_6I
Banksters - William Black tells the Real Truth - http://www.youtube.com/watch?v=7R73MLNuJMc&NR=1&feature=endscreen
William K. Black: "Fire Holder, Fire Geitner, Fire Bernanke" 10-25-2010 - http://www.youtube.com/watch?v=I12oDVr2RZQ&feature=related
And finally, The American Idiot (Passive Consumers vs. Active Citizenry) - http://www.youtube.com/watch?v=ygtqaH-hnFs&feature=related