Glenn Diesen - Greater Eurasia Podcast Paulo Nogueira Batista: West Destroys Global Economics System
Dec 28, 2025
Paulo Nogueira Batista Jr., former IMF Executive Director and founding VP of the BRICS New Development Bank, shares insights on the declining power of the West. He discusses the geopolitical implications of U.S. strategies in Latin America and the revival of the Monroe Doctrine. Batista critiques the West's abandonment of its own rules-based order and warns about the trust erosion in global finance due to asset seizures. He advocates for a BRICS alternative system, arguing that the next financial crisis could accelerate a significant shift away from the dollar.
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West Uses Power As It Declines
- Paulo Nogueira Batista Jr. argues the political West is losing ground politically, economically, financially, and demographically.
- He warns the West uses remaining power to attack countries seen as rebellious, accelerating global instability.
Rules-Based Order Replaced By Arbitrariness
- Batista says the 'rules-based' system has been replaced by arbitrary unilateral actions, likening it to piracy.
- He cites tariff breakages and seizures as evidence the West no longer respects the rules it built.
Asset Seizures Undermine Financial Trust
- Freezing Russian reserves, seizing proceeds, and potential outright confiscation erode trust in Western financial systems.
- Batista warns these acts convince many countries the euro and Western banking are untrustworthy.