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The speaker expresses concern over actions by Russia and China aimed at establishing alternative reserves and conducting transactions in currencies other than the US dollar. They emphasize that the US dollar remains the principal reserve currency due to America's democratic institutions, liquid markets, and the rule of law. Additionally, the dollar's historical stability enhances its global acceptance. While other countries may attempt to promote different currencies, the speaker asserts that, fundamentally, the US dollar will continue to dominate international commerce due to its unique advantages that competitors lack.
