美国知名财经网站Zerohedge认为，美联储非但毁掉了美国和美国经济，更为重要的是原本他的服务对象——美国民众在全面沉沦，世界正在被摧毁。在美联储近零利率政策和量化宽松举措(QE)的“怂恿”下，企业和个人在借钱方面遇到的阻力史无前例的微小。

此举的另一“功绩”是推高股票、债券以及房产市场等多个资产市场，形成财富效应：人们看到自己的资产在膨胀，就会感觉变得更为富有，这样就更有可能买入新产品和服务——同时不做任何借贷。

而零息政策和QE的真正目的是重建资产负债表，并让银行盈利，但回过头来看，这些举措又对企业做了些什么呢？

是否孕育新产能？没有，上市公司只是增加了对自身股票的回购力度，金额则直冲数万亿美元，又回过头进一步推升股价和分红。回想最近一次出现这种情况之后股市发生了什么：崩盘！

标普500成分股回购金额变动图

另一个可以从美联储行动中获得“免费”融资的领域是私人股权，但是亿万富豪们手握来自美联储的“馈赠”建造新的车间或者招聘新的雇员吗？他们把钱投入到产品创新吗？答案也是没有。

所以你得到的答案是，美联储没有促升产能或者GDP。

在2009-2012年间，这也是经济从危机中复苏的初期，最富有的1%阶层的收入增加了31.4%(这是收入增量总额的95%)，而剩余的99%的收入增长仅有0.4%。

Zerohedge网站得出结论：唯一终结美联储“暴政”的方法就是解散他，让他掠夺式的“病理学”施政方式彻底作古。

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原文：

There is only one way to end the financial tyranny of the Federal Reserve - abolish it, and put an end to the predatory pathologies of its policies.

The Federal Reserve has failed not just the nation and the U.S.economy, but more importantly, the American people that it supposedly serves. It has also failed the world,by showing other central banks that they can reward private banks and top .01% with absolute impunity.

The supposed goal of the Fed's zero-interest rate policy (ZIRP) and quantitative easing(QE) was to make borrowing easier for both corporations and consumers, the idea being companies would borrow to invest in new productive capacity and consumers would buy the new goods and services being produced with cheap credit.

The secondary publicly stated goal was to spark a rally in stocks, bonds and real estate that would spark a wealth effect: as households saw their net worth rise, they would feel wealthier and thus more likely to buy goods and services they didn't need on credit.

The real reason for ZIRP and QE was to rebuild the balance sheets and profits of banks on the backs of savers who have earned near-zero thanks to the Fed's manipulation of markets. But setting asidethe obvious success of the Fed's real goals--enriching the banks and the super-wealthy who have access to near-zero interest credit--let's see what corporations did with the Fed's nearly-free money.

Did they invest in new productive capacity? No, they bought back their own stocks--trillions of dollars worth, to boost stock prices and managerial bonuses. Note what happened when the last stock buyback binge faded: stocks crashed.

The great stock buyback binge (Fortune.com)

The Fed's free money for financiers enriched the top layer of corporate management and the top 1% who own most of the nation's equities.

The other group of financiers with access to the Fed's free money for financiers has been private equity. Sodid the private equity multi-millionaires borrow the Fed's largesse to build new plant and hire new employees? Did they invest the borrowed billions inproductive startups?

No--they used the money to buy existing companies and bleed them dry. The Glory Days of Private Equity Are Over (Via Mark G.):

Private equity has been holding back the economy. When you buy out a drug store chain or car-rental company and load it with debt, you aren’t investing in the productivity of the economy. More often, by cutting back on new products andservices, you are removing productivity from the economy. While generating wealthfor endowments and pension funds, private equity can destroy wealth in the economy—my guess is 0.5%-1% lower gross domestic product in an already subparrecovery.

There you have it: the Fed has lowered productivity and GDP and stripmined savers,widows and orphans to further enrich the obscenely wealthy.

Between 2009 and 2012, the first years of the economic recovery, the top 1% saw their incomes climb 31.4% — or, 95% of the total gain — while the bottom 99% saw growth of 0.4%.

There is only one way to end the financial tyrannyof the Federal Reserve--abolish it, and put an end to the predatory pathologiesof its policies

图片来源于互联网