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The speaker expresses concern over actions by Russia and China aimed at establishing alternative reserves and conducting transactions in non-US dollars. They highlight that the US dollar remains the dominant and credible global reserve currency due to America's democratic institutions, liquid markets, the rule of law, and its history of value retention. While other countries might seek to promote their currencies, the speaker emphasizes that the dollar continues to be the most widely used currency in international commerce, attributing this to the strengths that other nations lack.
