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The speaker expresses concern about Russia and China's efforts to establish alternative reserves and conduct transactions in currencies other than the US dollar. Despite these actions, the US dollar remains the primary global reserve currency due to the strength of America's democratic institutions, liquid markets, and adherence to the rule of law. The dollar's historical value retention further solidifies its position. Although other countries may seek to promote different currencies, the US dollar continues to dominate international commerce due to these key advantages that competing nations lack.
