By Patrick Wood, Editor

Since before the G20 meeting in Europe ear­lier this year, China has been clam­oring for a reserve cur­rency other than “just the dollar.” They are obvi­ously con­cerned about pro­tecting their mas­sive hoard of dol­lars that resulted from years of exports to the U.S.

But, there is another aspect to this: Is China taking the role of the “bad cop” in the “good cop, bad cop” scenario?

Trea­sury Sec­re­tary Gei­thner and Fed Chairman Paul Bernanke have both been to China in recent weeks but the exact nature of their con­ver­sa­tions with Chi­nese leaders have not been revealed.

With many other coun­tries also calling for a global cur­rency, it is China that gets the press cov­erage, while the U.S. is con­spic­u­ously absent from the discussion.

There is no ques­tion that the global elite want a global cur­rency and the end of national sov­er­eignty, but they seem to be fronting for China to stir the pot instead.

U.S. Stocks, Dollar Decline on China Calls for World Cur­rency — Bloomberg.com.