John Ing tells King World News:
When the Fed purchases large amounts of Treasuries, they are trying to put money into the system but the money is being held in the banks in reserves. The Europeans went to negative interest rates because they are trying to force the money into the financial system.
But with the economy where it is, people aren’t borrowing. Companies are not borrowing for factories, they are not borrowing for expansion. The only people borrowing are the gamblers using leverage in the financial markets and the only winners at that are the major brokerage houses -- the banks.
All these years of printing trillions of dollars have left the West with negative economic growth. So ...