Coffee and a Mike Martin Armstrong #1239
Oct 25, 2025
Martin Armstrong, an esteemed economist and founder of Armstrong Economics, delves into pressing global issues. He discusses his recent D.C. trip and warns of a looming war with Russia beginning in 2026, asserting that oil sanctions against Putin will backfire. Armstrong critiques the ineffective U.S. policymaking and stresses the importance of back channels in diplomacy. He outlines his proposal for U.S.-Russia cooperation and shares economic forecasts, predicting stagflation and civil unrest across Europe.
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Use Back-Channels To Negotiate
- Talk to opponents through unofficial back-channels to understand their negotiating position.
- Armstrong recommends using those channels to craft proposals Putin might accept.
Ukraine As Proxy, Not The Core Issue
- The conflict over Ukraine is framed as a proxy war aimed at weakening Russia, not just a local dispute.
- Armstrong says China and Russia view threats to Ukraine as signals they could be next if Russia is defeated.
Firsthand With China's Central Bank
- Armstrong recounts being the first foreign adviser invited to meet China's central bank traders.
- He says China staffed their central bank with trading veterans from London, New York, and Tokyo, not academics.
