wait so what does QE do, inject money into banks? Does it have to be paid back? I was under the impression that banks refused to lend out their QE money because of the lack of credit-worthy debtors. Apparently the problem has been a ton of deflation of bad debt, ie why PMs like gold and silver have gone down as assets get eaten up by the debt blackhole. So have we been trying to counter that with money supply inflation?

http://www.washingtonsblog.com/2013/06/81-5-of-money-created-through-quantitative-easing-is-sitting-there-gathering-dust-instead-of-helping-the-economy.html