Extreme volatility and deleveraging..

Volatilitity peaks last couple of sessions indicates a deleveraging especially in usd denominated assets. Concerns now will further exacerbate this in the coming sessions as the " money centers" via for top spot. This means the debate of the usd being the reserve ccy is now being mooted over. many calling it the New Bretton Woods. yes very much so on the surface. But if one recall the many changes that have gone through since the move away from the Gold standard, it may seem rather premature to change the " reserve ccy" of global trade. thats just my opinion. One example is the repeal of the glass steagal act, where commercial banks could compete in the relm of brokerages and many investment programs from derivative types to insurance linked types were mass marketed to the masses. It was a time of great wealth accumulation and greed fed upon greed. Please understand it's just my personal layman's view . my view and wish is that this deleveraging going on to minimise risks will not crack the system and add weight to the change of a usd reserve ccy. Just crystal balling a bit, if it does happen i would bet that even more volatility and disruptions will occur. Which in all likelyhood further stress the global system. Furthermore, going foward even after a period of perceived "stabiliy' life on this planet earth from a financial and commercial standpoint would be even more difficult and dark. Drawing upon the epilogue even sooner.