China, GM, Ethanol, over population?

Discussion in 'General Global Topics' started by RodISHI, Dec 15, 2008.

  1. RodISHI
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    RodISHI Gold Member

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    I was curious so I did some quick searches on China. It seemed not to many years ago China was having a really tough time feeding all the people there.

    I came across this article that GM, "will continue to increase investment despite the troubled U.S. auto giant General Motors amid financial crisis, peplenet.com said today, citing SAIC vice president and Shanghai GM general manager Ding Lei".

    I read more on these articles of Huliq News and discovered, "GM says biofuels suit China transportation."

    The end of the ethanol article says, "The Chinese fuel ethanol market is expected to double in the next few years, despite looming obstacles like the availability of adequate feed-stocks."

    It leaves me asking a few questions.

    Is GM and Chrysler sending money to China and then expecting American funds so the people of America can foot the bill?

    How does this play when America is already supposedly so far in debt to China?

    If China has historically had so many problems feeding their people why are they going to ethanol with viable crop lands?

    I have read that Verasun is the largest ethanol company in the world and they just filed bankruptcy. Wells Fargo cut a deal and jumped into the number two creditor position in the bankruptcy case. Which in turn left the farmers and the grain companies holding the worst position in the Verasun bankruptcy case.


    Is the price of steak going down in the grocery store since the grain market just went to poop?
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Dey told us dis was gonna happen, an' now poor peoples gonna get screwed whilst dem food megopolies make a whole buncha money...
    :eek:
    Ethanol pumping up food prices
    10 Feb.`11 - Combination of natural calamities and congressional mandates blamed
     
  3. uscitizen
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    uscitizen Senior Member

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    China exports food to the USA now.
     
  4. KissMy
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    KissMy Free Breast Exam

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    [ame="http://www.youtube.com/watch?v=GFOYoRSCT30&feature=related"]When you wipe-out 40,000 California farms then expect people to starve!!![/ame]
     
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