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The speaker expresses concern about actions taken by Russia and China to establish alternative reserves and conduct transactions in currencies other than the US dollar. Despite these efforts, the US dollar remains the primary global reserve currency due to the United States' democratic institutions, liquid markets, and rule of law. The dollar's long-term value retention further solidifies its position. While other countries may seek to promote their currencies, the speaker believes the dollar will continue to dominate international commerce due to these foundational advantages that other nations lack.