BRICS Summit 2026: The West is Declining, But STILL DANGEROUS (Prof. Paulo Nogueira Batista Jr.)

On this episode of New Order, we speak to Prof. Paulo Nogueira Batista Jr., former Vice-President of the New Development Bank and former Executive Director for Brazil at the International Monetary Fund, as leaders gather in New Delhi for the BRICS+ Summit. He discusses why BRICS has become a hot ticket with Russia, Iran and China at loggerheads with the West, why India is moving closer to China after Donald Trump's tariffs, how BRICS plans to link its payment systems as an alternative to the Western-controlled SWIFT, why the New Development Bank still lags far behind the IMF, how the IMF and World Bank act as political instruments of the United States and Europe, what Venezuela's fate means for Cuba and the rest of Latin America, why the freezing of Russia's reserves sped up de-dollarisation, what is at stake for BRICS in Brazil's upcoming election, and much more. Chapters (00:00:00) - Introduction: BRICS Summit in Delhi(00:02:15) - BRICS' Practical Results and Iran's Backing at SCO(00:05:00) - Venezuela, Brazil, and the Limits of BRICS Military Support(00:08:11) - Is Economics Political? BRICS vs Military Alliances(00:09:04) - India's Shift Away from the US and Toward China/Russia(00:11:31) - Future Currency and Payment System Integration(00:13:31) - Break(00:13:36) - Payment Systems Deep Dive and New Development Bank Struggles(00:16:38) - IMF/World Bank as Political Instruments vs NDB's Neutrality(00:19:44) - War, Cuba, and the Acceleration of De-dollarization(00:22:32) - Western Decline, Fear of BRICS, and Brazil's Election Stakes(00:25:51) - Viewer Questions: BRICS Purpose and Trade Dynamics