Wednesday, October 17, 2007

U.S. Dollar in Race for Most Worthless Currency

On Aug. 1, I-35W Mississippi River Bridge collapsed in Minneapolis USA… killing 13 and injuring 100 motorists. Since August 1, the dollar’s value has collapsed 3.4% against the world’s major currencies. Maybe there’s a connection… at least metaphorically.

For decades, United States federal inspectors knew that a flaw in the structure of the eight-lane I-35W bridge over the Mississippi could easily take down the entire structure. But year after year, the government let the bridge pass inspection.

According to the U.S. Department of Transportation, 756 steel deck truss bridges span America’s waterways, just like the one in Minnesota.

Built in the 1950s and 1960s… approximately 11% of these steel bridges have weaknesses much like the one that caused the I-35W bridge’s collapse. 80+ bridges at $250 million each?

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