Sprott Asset Management's Henry Bonner writes today that Federal Reserve Chairman Alan Greenspan made some interesting admissions at the New Orleans Investment Conference last Saturday, including that the Fed functions mainly to keep the U.S. government supplied with money and that, contrary to the mythmaking of central banking's apologists, the Fed is not politically independent at all. Bonner's commentary is headlined "What Greenspan's Latest Talk Means for Gold" and it's posted at the Sprott Global Internet site here:
http://sprottglobal.com/thoughts/articles/wha...est-talk-mea...
