The US has been buying bad debt with borrowed money (QE). There is so much cash in circulation that the banks don't know what to do with it. "So no, the Fed i

The US has been buying bad debt with borrowed money (QE). There is so much cash in circulation that the banks don't know what to do with it. "So no, the Fed is not printing money. In fact, the Fed is doing much worse than that. In allocating $4 trillion borrowed from banks, it’s supporting the very government spending and housing consumption that got us into trouble to begin with. More to the point, the Fed is financing ongoing economic hardship through its expanded borrowing of bank reserves." http://www.forbes.com/sites/johntamny/2014/03/09/the-fed-is-not-printing-money-its-doing-something-much-worse/#76f682db43a1 http://www.forbes.com/sites/johntamny/2014/03/09/the-fed-is-...