Canyon Resources Ltd fka CPY

[mick]

hi Bob, tobin smith is a part of this too. i like tobin a lot.

RE:
The right timing for metal gains -

The Daily Reckoning, Bill Bonner (newsletter)
===================================================================
Here’s an article sent to us yesterday describing China’s
remarkable effect on world commodity prices, especially food
(the following comes from a recent issue of Mother Jones ):

“Per-capita income in China is less than 1/10 of America’s and
its per-capita greenhouse gas emission is less than 1/5 of
ours. But if 1.3 billion Chinese were to consume at the level
Americans do, we’d need several more Earths.
China’s effect on world resources, quantified:
China is:
• The world’s largest consumer of coal, grain, fertilizer,
cell phones, refrigerators, and televisions
• The leading importer of iron ore, steel, copper, tin, zinc,
aluminum, and nickel
• The top producer of coal, steel, cement, and 10 kinds of
metal
• The No. 1 importer of illegally logged wood
• The third-largest producer of cars after Japan and the United
States; by 2015, it could be the world’s largest car
producer. By 2020, there could be 130 million cars on its
roads, compared to 33 million now.
More Facts:
• China produces half of the world’s cameras, 1/3 of its
television sets, and 1/3 of all the planet’s garbage.
• There are towns in China that make 60% of the world’s button
supply, 1/2 of all silk neckties, and 1/2 of all fireworks.
• China uses half of the world’s steel and concrete and will
probably construct half of the world’s new buildings over
the next decade.
• Some Chinese factories can fit as many as 200,000 workers.
• China used 2.5 billion tons of coal in 2006, more than the
next three highest-consuming nations—Russia, India, and the
United States—combined.
• It has more than 2,000 coal-fired power plants and puts a
new one into operation every 4 to 7 days.
• Between 2003 and 2006, worldwide coal consumption increased
as much as it did in the 23 years before that. China was
responsible for 90% of the increase.
• China became the world’s top carbon dioxide emitter in 2006,
overtaking the United States.
• Russia is China’s largest timber supplier; half of all
logging there is illegal. In Indonesia, another timber
supplier to China, up to 80% of all logging takes place
illegally.
• 90% of all wood products made in China are consumed in the
country, including 45 billion pairs of wooden chopsticks
each year.
• The value of China’s timber-product exports exceeds $17
billion. About 40 percent go to the United States.
• More than 3/4 of China’s forests have disappeared;
1/4 of the country’s land mass is now desert.
• Until recently, China was losing a Rhode Island-sized
parcel of land to desertification each year.
• 80% of the Himalayan glaciers that feed Chinese rivers
could melt by 2035.
• In 2005, China’s sulfur-dioxide emissions were nearly
twice those of the United States.
• Acid rain caused by air pollution now affects 1/3 of
China’s land.
• Each year, at least 400,000 Chinese die prematurely
of air-pollution-linked respiratory illnesses or diseases.
• A quarter of a million people die because of motor-vehicle
traffic each year—6 times as many as in the United States,
even though Americans have 18 times as many cars.
• Of the world’s 20 most polluted cities, 16 are in China.
• Half of China’s population—600 to 700 million people—drinks
water contaminated with human and animal waste. A billion
tons of untreated sewage is dumped into the Yangtze
each year.
• 4/5 of China’s rivers are too polluted to support fish.
• The Mi Yun reservoir, Beijing’s last remaining reliable
source of drinking water, has dropped more than 50 feet
since 1993.
• Overuse of groundwater has caused land subsidence that
cost Shanghai alone $12.9 billion in economic losses.
• Dust storms used to occur once a year. Now, they happen
at least 20 times a year.
• Chinese dust storms can cause haziness and boost
particulate matter in the United States, all the way
over to Maine.
• In 2001, a huge Chinese storm dumped 50,000 metric tons
of dust on the United States. That’s 2.5 times as much
as what U.S. sources produce in a typical day.
• Currently, up to 36 percent of man-made mercury emissions
settling on America originated in Asia.
• Particulate matter from Asia accounts for nearly half
of California’s annual pollution limit.
• Environmental damage reportedly costs China 10 percent
of its GDP. Pollution-related death and disability
heath care costs alone are estimated at up to 4 percent
of GDP.
• In 2005, there were 50,000 pollution-related disputes
and protests in China.
• China’s middle class is expected to jump from 100 million
people today to 700 million people by 2020.

These statistics are drawn from “The Last Empire:
Can the world survive China’s rush to emulate
the American way of life?” in the current issue
of Mother Jones .

Gobble, gobble, gobble – the Chinese are eating up
the worlds resources, putting huge upward pressure
on prices.

God Bless America

http://investorshub.advfn.com/boards/board.asp?board_id=11317


do you follow PAL ?