Marketoracle.co.uk: Governments Printing Money Can't Make Money

We are told over and over again that the problem is banks stopped lending to each other and now to businesses and people seeking mortgages. The reality however is shortage of money within the UK and globaly because of the overvalued assets and bad debts. This cannot be solved by simply printing money (quantitave easing) as this further increases debt and also causes currency devaluation and subsequently inflation. The Chinese know this well and hence their argument for an alternative currency to the Dollar in a way to protect their wealth. On the other hand, providing sheap money/low interest rates hardly stimulates the economy in a market dominated by growing unemployment and uncertain future. Many savers feel punished and those with spare money aside now opt to repay their mortgages