(Patrick Kerr, CommodityBroker.Net) As the world inflates their way out of their economic crisis’, China is left holding the bag, their massive wealth is all fiat money.  They presently have over $2 TRILLION in foreign currency reserves, which is backed by less than 1%  gold (vs 76% for the US and same for euro zone). China holds less gold than France or even Italy.  Their massive wealth created over the last decade could literally diappear in a blink.  As the major governments around the world

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Dollar Devaluation, US Wants Free-Floating Yuan: Commerce’s Locke, Inflate out of economic crisis at China’s expense