G20 gets it all wrong

'At a G20 press conference, Brazil's finance minister Guido Mantega criticised the US central bank's latest QE programme. "The trouble with putting an extra $600bn into the US economy is that this money will not go into production, will not create jobs and neither will it boost domestic consumption.'

says http://www.bbc.co.uk/news/business-11728504

1) Why should it go into production? Production of what? It matters what we produce.
2) So what if it will not create jobs? As a planet we need to prioritise our list of things to do, not just put more things on it.
3) "Nor will it boost domestic consumption.". Good. Apart from people that are malnourished, starving, or in abject poverty, we don't want more consumption. We don't want consumption for it's own sake. We've goyt a finite planet. We need to conserve and be efficient.