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The speaker expresses concern about actions by Russia and China to establish alternative reserves and conduct transactions in non-U.S. dollars. They emphasize that the U.S. dollar remains the primary global reserve currency due to America's democratic institutions, liquid markets, and the rule of law. These attributes contribute to the dollar's stability and value over time. Although other countries may seek to create competing currencies, the speaker asserts that the U.S. dollar will continue to be the preferred choice in international commerce because it possesses characteristics that other nations lack.