Paulo Nogueira Batista: ‘A declining superpower like the US is extremely dangerous’

Source: La Vanguardia | Original Published At: 2026-01-05 23:07:09 UTC

Key Points

• Warns of an imminent financial crisis triggered by US economic fragility and geopolitical instability, urging BRICS to prepare alternative payment systems.
• Highlights risks of capital flight from the dollar to currencies like China's renminbi, which could create deflationary pressures in China.
• Calls for urgent creation of a new reserve currency through BRICS and Global South cooperation to counter dollar dependency.
• Criticizes Western financial systems (SWIFT, IMF) as weaponized tools against non-aligned nations, urging faster BRICS integration.
• Notes challenges for Europe to act independently from the US, while emphasizing China's cautious approach to global leadership.