As dollar woes get worse, why don't the Fed's swap lines work? Let's answer that question.

China, India, emerging markets. Suddenly the UK, but everyone incorrectly presumes the pound's problems start in London. Well, they do, all of it does. That means global dollars, eurodollars, behind all these outbreaks. But didn't the Fed fix that with some kind of swaps? You're supposed to believe this even though it was never true. Consistent failure all around and today we'll explore why.