Typically when weaker countries do this, it was once considered a sign of fundamental weakness and a sure sign that a currency crisis was imminent. The US aband

Typically when weaker countries do this, it was once considered a sign of fundamental weakness and a sure sign that a currency crisis was imminent. The US abandoned the same principles in government finance that it once advanced through institutions like the IMF. It's not that it was bad advice; we see the results of the irresponsibility in today's markets. The US is just a big bad 'basket case' without much in the way of financial credibility past what it can dictate through market manipulation.