The risk remains that dollar credit will seize up globally, with disastrous consequences for countries that have to borrow dollars to cover deficits

http://www.atimes.com/article/has-the-derivatives-volcano-already-begun-to-erupt/?utm_source=The+Daily+Report&utm_campaign=dc237e721f-EMAIL_CAMPAIGN_2018_10_09_08_51&utm_medium=email&utm_term=0_1f8bca137f-dc237e721f-31519013