I wrote a couple of weeks ago that responding with money to email solicitations from Mr. Morgan Smith of Nigeria, was not a good investment. In fact, I heard recently that a second person responded to Mr. Smith and she was now short nearly $400,000!
Yes, you have to be careful what you invest in. Along with land in Florida and bridges in either San Francisco or New York, comes the next perilous investment opportunity, The Northern Passage.
McClatchy is reporting the possibility of commercializing the ice free Northern Passage. I mean gee, this is actually the third time in the last 110 years that it has become passable, must be a trend!
While commercialization of the Northern Passage would be a good thing, I wouldn’t be investing with anyone who was suggesting that they didn’t have a plan to work in really challenging, thick ice conditions! McClatchy seemed to miss a couple of details from the last few weeks like:
October 2008, Fastest Ice Growth Ever and 200 Whales trapped in Canadian Artic Ice.
Still thinking you want to get in early on the “Next Great Thing?” You may want to take a look at one of these historical views of arctic ice coverage first.
Still think the ice is going away? Well than “Spin the wheel and take your chances!”
But don’t say I didn’t warn you!
