InvestIdeas

Earlier on Wednesday President Obama assailed Republicans for leaving him with the type of spiraling short-term deficits that fuel longer-term debt.

The US government suffered its 19th consecutive month of budget deficit in April.

"By the time I took office, we had a one-year deficit of over one trillion dollars.....

June 13, 2010
U.S. Identifies Vast Mineral Riches in Afghanistan
By JAMES RISEN

WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves .....

The Afghan review was initially carried out in 2006 and 2007, but the task force focused primarily on Iraq. With the drawdown of US forces in Iraq, the task force turned its attention back to Afghanistan and did a follow-up assessment.

The assessment concluded the scale of Afghanistan's mineral wealth 'was much bigger' than initially realised, he said.

An estimate based on mineral prices late last year concluded Afghanistan was sitting on mineral wealth of US$1 trillion, a figure Afghan President Hamid Karzai mentioned at a news conference on Jan 31. Colonel Lapan said that figure may be low.

'There's ... an indication that even the trillion dollar figure underestimates what the true potential might be,' he told reporters at the Pentagon.

Officials said the trillion dollar figure did not include known oil and gas reserves or the value of expected deposits of minerals like lithium that have not been verified scientifically to the point of being able to estimate a value.

LenaHuat on 5 Feb 2010 wrote:Hi K
Your colors will return soon. I'll trigger my call in the "Averaging Up" thread. But b4 this, I will, as my usual disorganized way, post optimistic msg all over this forum. But I'm really daring to go. But this is not yet the moment. The volumes are not peaking like last March.