QE = counterfeiting. Imagine if people had the ability to borrow from themselves at no cost and never have to repay the principal. A ludicrous notion because few would bother to earn an income by exchanging their labour. But that's what governments can and have done and the bill is saddled by everyone through the inflation tax of the depreciating purchasing power of their currency.
Combined worldwide debt stands at around £190 trillion ($250 trillion) and yet every country is mired in debt. Aye, every last one of them. As you know what QE is, perhaps you'd be kind enough to inform me who exactly is/are the creditor/s?