By Ron Paul
The Fed's major purpose is to protect the major financial institutions and Wall Street. It's there to bailout bad investments and keep the insolvent solvent.
The Fed is known as 'the lender of last resort'. This is nothing but a euphemism for strangling the prosperity and purchasing power of the middle class in order to keep the major financial institutions going.
So it's no surprise that Wall Street is once again 'doing well'. And it should not be a surprise that the middle class is suffering. I discuss in detail on Fox Business below: