U.S. set to be a posse of one on China yuan at G20 - Yahoo! News

U.S. set to be a posse of one on China yuan at G20 - Yahoo! News: "The Obama administration, and Geithner in particular, had largely avoided actions that would antagonize China in past G20 meetings. But it faces an increasing drumbeat of calls for action on the yuan from beleaguered Democrats who say a stronger Chinese yuan would bring relief to American workers.

In a move likely to increase tension with China, the House of Representatives Ways and Means Committee on Friday approved a bill that would let the United States slap duties on goods from countries with undervalued currencies.

The bill may never become law, however, because it faces uncertain prospects in the Senate.

Since China's central bank in June said it would let the yuan fluctuate more freely, it has risen 1.8 percent -- accelerating the most as U.S. pressure mounted.

Many U.S. lawmakers believe that China keeps its currency undervalued by as much as 40 percent to stoke exports at the expense of U.S. jobs, a claim questioned by many economists."

The undervalued currency in China created de-industrial unemployment in America is an illogical cause and effect that deflects the blame from the real perpetrators of these Globalist Crimes