Monday, December 15, 2025

Hurst Cycles Market Update and Outlook into Early 2026 | David Hickson

This is our final market update for the year, reviewing our usual set of instruments (SPX, NDX, ASX, DAX, NIFTY, Gold, BTCUSD) and outlining what to expect as we move into 2026.
 
S&P 500: The S&P 500 is advancing out of a November 21 trough that is definitively an 80-day cycle low and remains a viable candidate for a completed 40-week cycle trough. This advance is occurring within the larger context of an April 2025 trough phased as at least an 18-month cycle low, which continues to dominate the intermediate trend. Price behavior has been consistently bullish: clean crossings above the 20-day FLD, achievement of FLD targets, and successful defense of the 20-day FLD during the most recent 20-day trough (Dec 10). No bearish structural behavior has emerged to invalidate the 40-week trough interpretation.
 
S&P 500: The S&P 500 is advancing out of a November 21 trough that is definitively an 80-day cycle low and remains a viable candidate for a completed 40-week cycle trough. This advance is occurring within the larger context of an April 2025 trough phased as at least an 18-month cycle low, which continues to dominate the intermediate trend. Price behavior has been consistently bullish: clean crossings above the 20-day FLD, achievement of FLD targets, and successful defense of the 20-day FLD during the most recent 20-day trough (Dec 10). No bearish structural behavior has emerged to invalidate the 40-week trough interpretation.    Actual average lengths of the nominal 20-day, 40-day, 80-day, 40-week, and higher-order cycles of each instrument are indicated in the stacked, color-coded boxes at the bottom right of the charts.  A 40-day cycle trough is expected into late December (± Dec 26-29), likely producing a shallow pullback. This should be followed by another advance before a larger corrective phase into an 80-day or 40-week trough in late January or early February (± Jan 30-Feb 6). Unless bearish confirmation appears, that trough is expected to be corrective rather than trend-ending, with the larger structure remaining bullish.
 Actual average lengths of the nominal 20-day, 40-day, 80-day, 20-week, and higher-order cycles of
each instrument are indicated in the stacked, color-coded boxes at the bottom right of the charts. 
 
A 40-day cycle trough is expected into late December (± Dec 26-29), likely producing a shallow pullback. This should be followed by another advance before a larger corrective phase into an 80-day or 40-week trough in late January or early February (± Jan 30-Feb 6). Unless bearish confirmation appears, that trough is expected to be corrective rather than trend-ending, with the larger structure remaining bullish.
 
NASDAQThe NASDAQ shares the same broad cycle architecture as the S&P 500, with a confirmed 80-day trough on November 21 and the unresolved question of whether the 40-week trough is already in place or still ahead. However, relative weakness is evident: price has struggled to remain above the 20-day FLD, and short-term momentum is softer. The orange dashed composite model line reflects this by projecting a deeper decline into the next larger trough compared with the S&P 500.
 
NASDAQ: The NASDAQ shares the same broad cycle architecture as the S&P 500, with a confirmed 80-day trough on November 21 and the unresolved question of whether the 40-week trough is already in place or still ahead. However, relative weakness is evident: price has struggled to remain above the 20-day FLD, and short-term momentum is softer. The orange dashed composite model line reflects this by projecting a deeper decline into the next larger trough compared with the S&P 500.    A 40-day trough is expected near year-end or early January, followed by a decline into an 80-day trough in late January or early February. If downside pressure increases meaningfully, that later trough may resolve as the 40-week cycle low. Synchronization with the S&P 500 remains the dominant expectation.

A 40-day trough is expected near year-end or early January, followed by a decline into an 80-day trough in late January or early February. If downside pressure increases meaningfully, that later trough may resolve as the 40-week cycle low. Synchronization with the S&P 500 remains the dominant expectation.
 
Australian ASX: The ASX also shows a November 21 trough that could be either an 80-day or a 40-week cycle low, but unlike U.S. indices, price action has failed to confirm bullish intent. The market crossed above the 20-day FLD but did not achieve its projected upside target, and subsequent price action has been weak. While the 20-day trough found approximate FLD support, the amplitude and momentum are noticeably inferior, introducing bearish risk.
 
Australian ASX: The ASX also shows a November 21 trough that could be either an 80-day or a 40-week cycle low, but unlike U.S. indices, price action has failed to confirm bullish intent. The market crossed above the 20-day FLD but did not achieve its projected upside target, and subsequent price action has been weak. While the 20-day trough found approximate FLD support, the amplitude and momentum are noticeably inferior, introducing bearish risk.    A 40-day trough is expected into late December, followed by a more important trough in late January or early February. Given current behavior, the probability is increasing that this later trough resolves as a 40-week cycle low. A decisive bearish turn in the ASX would materially strengthen the global commonality case for a synchronized 40-week trough.

A 40-day trough is expected into late December, followed by a more important trough in late January or early February. Given current behavior, the probability is increasing that this later trough resolves as a 40-week cycle low. A decisive bearish turn in the ASX would materially strengthen the global commonality case for a synchronized 40-week trough.
 
German DAXThe DAX cycle labeling is less precise, but price action provides important guidance. The November 21 low has been phased as a 40-day trough but sits close to the projected positions of the 20-week and 40-week cycles. Despite analytical ambiguity, price crossed above the 20-day FLD, achieved its target, and remains above short-term support—behavior more consistent with a market that has already completed a larger-degree trough.
 
German DAX: The DAX cycle labeling is less precise, but price action provides important guidance. The November 21 low has been phased as a 40-day trough but sits close to the projected positions of the 20-week and 40-week cycles. Despite analytical ambiguity, price crossed above the 20-day FLD, achieved its target, and remains above short-term support—behavior more consistent with a market that has already completed a larger-degree trough.    A pullback into a late-December 40-day trough is expected, with another due toward late January. Unless price begins to display clear bearish characteristics, the evidence favors the interpretation that the 40-week trough formed in November, implying that forthcoming declines should remain corrective.

A pullback into a late-December 40-day trough is expected, with another due toward late January. Unless price begins to display clear bearish characteristics, the evidence favors the interpretation that the 40-week trough formed in November, implying that forthcoming declines should remain corrective.
 
Indian NIFTY: The NIFTY exhibits one of the clearest cycle structures. A 20-week trough occurred in early August, followed by an 80-day trough in early November. Recent price action suggests a 40-day trough has just formed near the projected centers of both the 20-week and 40-week cycles, raising the possibility that the larger cycle trough has already occurred. The current advance is consistent with a market rebounding from a significant cycle low.
 
Indian NIFTY: The NIFTY exhibits one of the clearest cycle structures. A 20-week trough occurred in early August, followed by an 80-day trough in early November. Recent price action suggests a 40-day trough has just formed near the projected centers of both the 20-week and 40-week cycles, raising the possibility that the larger cycle trough has already occurred. The current advance is consistent with a market rebounding from a significant cycle low.    Price is expected to cross and hold above the 20-day FLD and achieve its upside target. If the 40-week trough is already in place, the coming weeks should remain upward-biased. Risk only increases if the advance fails and the cycle structure shifts into a bearish-shaped configuration toward year-end.

Price is expected to cross and hold above the 20-day FLD and achieve its upside target. If the 40-week trough is already in place, the coming weeks should remain upward-biased. Risk only increases if the advance fails and the cycle structure shifts into a bearish-shaped configuration toward year-end.
 
GoldGold is operating within a structurally bullish environment despite uncertainty surrounding a possible 54-month cycle peak in October. Price action since that peak has challenged its validity, suggesting either that the peak was misidentified or that longer-degree bullish cycles (9-year, 18-year) are overwhelming it. Trough behavior has been exemplary, with repeated successful interactions with the 20-day FLD, including support during the most recent 40-day trough.
 
Gold: Gold is operating within a structurally bullish environment despite uncertainty surrounding a possible 54-month cycle peak in October. Price action since that peak has challenged its validity, suggesting either that the peak was misidentified or that longer-degree bullish cycles (9-year, 18-year) are overwhelming it. Trough behavior has been exemplary, with repeated successful interactions with the 20-day FLD, including support during the most recent 40-day trough.    Gold is likely to retest or exceed the October highs before encountering its next significant corrective phase. The next major timing window is the 20-week cycle trough expected in the third week of January, which should be monitored closely for trend continuation or structural change.

Gold is likely to retest or exceed the October highs before encountering its next significant corrective phase. The next major timing window is the 20-week cycle trough expected in the third week of January, which should be monitored closely for trend continuation or structural change.
 
BitcoinBitcoin’s November 21 low is currently labeled as an 80-day trough, but it remains a candidate for a larger 18-month cycle trough. Unlike equities, Bitcoin has not displayed strong post-trough bullish expansion. Price has struggled to hold above the 20-day FLD, and recent action shows mild bearish leakage below it, keeping the larger trough question unresolved.
 
Bitcoin: Bitcoin’s November 21 low is currently labeled as an 80-day trough, but it remains a candidate for a larger 18-month cycle trough. Unlike equities, Bitcoin has not displayed strong post-trough bullish expansion. Price has struggled to hold above the 20-day FLD, and recent action shows mild bearish leakage below it, keeping the larger trough question unresolved.    Focus is now on the development of the next 40-day cycle trough. Continued weakness would increase the likelihood that the true 18-month trough still lies ahead. Until stronger bullish confirmation appears, Bitcoin should be treated as structurally uncertain rather than trend-confirmed.

Focus is now on the development of the next 40-day cycle trough. Continued weakness would increase the likelihood that the true 18-month trough still lies ahead. Until stronger bullish confirmation appears, Bitcoin should be treated as structurally uncertain rather than trend-confirmed.
 
Reference:
 
See also:

Sunday, December 14, 2025

Mass Excitability during Solar Cycle 25 (2019–2030) | Alexander L. Chizhevsky

Solar Cycle 25, which spans from December 2019 to approximately late 2030, exemplifies Alexander L. Chizhevsky's (1897–1964) historiometric  framework. This model, laid out in his 1924 article "The Physical Factors of the Historical Process," links human psychological "excitability" to solar activity over the average 11-year solar cycle:

"In each century, the universal cycle of historical events is repeated exactly 9 times. Throughout the world history of Mankind, beginning with 500 B.C. and until the present time, in each century I have discovered 9 clearly outlined concentrations of the initial moments of historical events. Thus, it can be considered that each cycle of the general historical, military or social activity of humanity is equal, on average, to 11 years." 
 
 
 "Figure 1: Percentage ratio of occurrences of historical events to years and periods of the [11-year solar] cycle. Average output for 500 years (15th –20th centuries)."  According to Chizhevsky, each solar cycle divides into four phases:    (I) Minimum Excitability (~3 years, 5% of "historical events" per Figure 1),  (II) Growth Excitability (~2.5 years, 20% of events),  (III) Maximum Excitability (~3 years, 60% of events), and  (IV) Decline Excitability (~2.5 years, 15% of events).
"Figure 1: Percentage ratio of occurrences of historical events to years and periods
of the [11-year solar] cycle. Average output for 500 years (15th –20th centuries)."

According to Chizhevsky, each solar cycle divides into four phases: 
 
(I) Minimum Excitability (~3 years, 5% of "historical events" per Figure 1), 
(II) Growth Excitability (~2.5 years, 20% of events), 
(III) Maximum Excitability (~3 years, 60% of events), and 
(IV) Decline Excitability (~2.5 years, 15% of events). 
 
These are harmonized with NOAA's phases of the solar cycle (Minimum ~3 years, Rising ~4 years, Maximum ~3 years, Declining ~7 years) to fit the observed progression, with the smoothed peak at 160.9 sunspot numbers in October 2024. As of December 2025, the cycle is in the "Maximum Excitability" phase amid sustained high activity.

Phase I: Minimum Excitability (December 2019-November 2022): This phase aligns with NOAA's Solar Minimum in December 2019, featuring minimal sunspots and stable magnetic poles, comprising ~5% of "historical events" per Chizhevsky's Figure 1 (see above). It represents societal disunity and cultural focus:
 
"The characteristic features of this period are the following: disunity of human masses, indifference of the human masses to political and military issues, peace-loving mood of the human masses, compliance, tolerance, etc. The appearance of these psychological signs in the historically active human masses in the 1st period of the cycle is usually accompanied by the absence of any desire for any struggle for an idea or right, and therefore entails easy capitulation, surrender, throwing down of arms, flight from the battlefield, etc. 
 
The appearance of these psychological signs in the historically active human masses in the 1st period of the cycle is usually accompanied by the absence of any desire for any struggle for an idea or right, and therefore entails easy capitulation, surrender, throwing down of arms, flight from the battlefield, etc.
» Absence of any desire for any struggle. «

[...] In the memoirs of contemporaries and in historical studies, this period is noted for its general peace-loving mood, unwillingness to enter into any disputes, the end of most military actions and the triumph of the principle of non-intervention in international and national military-political life. 
 
[...] Here the spiritual activity of Man begins, cultural values are created, pure art and science are placed in the corner of social life, replacing the stormy turmoil of recent days and devaluing with their achievements everything created hastily and precariously. In the period of minimum, humanity strives for calm, rests from the worries of previous years and gathers physical strength for the inevitably approaching new era of [social] unrest."

Phase II: Increasing Excitability (December 2022 – mid-2025): Corresponding to NOAA's Growth/Rising Phase, with escalating sunspots and initial pole shifts, this phase spans ~20% of "historical events" per Figure 1. It signals emerging ideologies and unity:

"Already the beginning of this period in historical studies is characterized by a significantly greater rise in the excitement of human masses than in the preceding period. There is still no unity of the masses of people; only little by little do the parties and groups that had fallen apart during the period of minimal excitability begin to reorganize, leaders are outlined, programs are defined. The power of suggestion manifests itself among the human masses: statesmen, military leaders, orators, the press are regaining their importance. 
 
At the end of the 2nd period, which can gradually assume a stormy character and reveal the impatience and nervousness of the masses of people, we notice one of the most important phenomena of the military-political life of communities, namely: the desire to unite the various nationalities that make up a given community for the purpose of defense or attack, and the merging of various political groups to counter other political groups.
»
Impatience and nervousness 
of the masses. «
 
Questions, political and military, begin to appear from behind the horizon of public life and gradually become more acute. The tendency to perseverate homogeneous thoughts is noticeable everywhere, filling the mental activity of the human masses. In spite of the will of individuals, the concentration on the same military or political themes, in the presence of, of course, favorable factors, gradually increases; ideas circulating among the human masses begin to dominate. 
 
[...] At the end of the 2nd period, which can gradually assume a stormy character and reveal the impatience and nervousness of the masses of people, we notice one of the most important phenomena of the military-political life of communities, namely: the desire to unite the various nationalities that make up a given community for the purpose of defense or attack, and the merging of various political groups to counter other political groups. 
 
The significance of this period is that it lays the foundation for the further development of historical events during a given cycle in a given human community and, in part, even predetermines their course during the period of maximum excitability."

In October 2023 NOAA’s Space Weather Prediction Center released a revised prediction for solar activity during Solar Cycle 25, and concluded that solar activity will increase more quickly and peak at a higher level than previously predicted.
In October 2023 NOAA’s Space Weather Prediction Center released a revised prediction for solar activity during Solar
Cycle 25, and concluded that solar activity will increase more quickly and peak at a higher level than previously predicted.
  
Phase III: Maximum Excitability in Solar Cycle 25 (mid-2025 – mid-2028): As of December 2025, Solar Cycle 25 is firmly entrenched in Phase III, the period of Maximum Excitability, which spans mid-2025 to mid-2028. Encompassing NOAA's Solar Maximum, with peak sunspots, flares, and ejections, this phase accounts for ~60% of "historical events" per Figure 1. It drives transformative mass actions. This phase, as delineated by Chizhevsky, represents the apex of solar activity's influence on human behavior, characterized by heightened psychological tension and collective mobilization:

"This is the main stage of development of each cycle, resolving the world-historical problems of humanity and founding new historical epochs. It incites humanity to the greatest follies and the greatest benefactions: it embodies ideas in life by means of the shedding of blood and the clanking of iron. 
 
The basis of the above is the unanimity of the masses of people, which is especially clearly outlined in this period when resolving any military or political issues. [...] This brings with it various phenomena characteristic of any struggle, and mass movements of people usually undergo abnormal deviations. Sometimes the height of the struggle reveals the entire vast area of human madness, instability and passion.
 » The entire vast area of human madness. «
 
[...] Never does the influence of leaders, military leaders, orators, the press, etc., reach such a tremendous force as during the period of maximum intensity of the sunspot-forming activity of the Sun. During this period, sometimes one well-timed word or one gesture is enough to move entire armies and the masses. 
 
[...] The period of maximum excitability may just be called the period of the emergence of the face of human masses and the sounding of the voice of the people. [...] The masses of people thirst for movement, the troops are restrained with difficulty, the soldiers are inclined to mutiny, and the people — to anarchy. In a word, the excitement increases unusually and the human organism seems to demand a discharge.
 
This is the main stage of development of each cycle, resolving the world-historical problems of humanity and founding new historical epochs. It incites humanity to the greatest follies and the greatest benefactions: it embodies ideas in life by means of the shedding of blood and the clanking of iron.
» The shedding of blood and the clanking of iron. « 
 
[...] The basis of the above is the unanimity of the masses of people, which is especially clearly outlined in this period when resolving any military or political issues. [...] This brings with it various phenomena characteristic of any struggle, and mass movements of people usually undergo abnormal deviations. Sometimes the height of the struggle reveals the entire vast area of human madness, instability and passion. 
 
[...] Thus, the ground is prepared for the solution of questions of a world-historical nature — the ground on which systems of human communities are erected."
 
Chizhevsky describes Phase III as "the main stage of development of each cycle, resolving the world-historical problems of humanity and founding new historical epochs. It incites humanity to the greatest follies and the greatest benefactions: it embodies ideas in life by means of the shedding of blood and the clanking of iron." 
 
He emphasizes that during Phase III, "the mass activity of humanity all over the surface of the Earth, given the presence in human societies of economical, political or military exciting factors, reaches the maximum tension, manifesting itself in psycomotoric pandemics: revolutions, insurrections, expeditions, migrations etc., creating new formations in the existence of separate states and new historical epochs in the life of humanity."
 
» Solution of questions of a world-historical nature. «
Plasma Tornado Erupts on the Sun. 
Russian Academy of Sciences Footage, December 11-12, 2025.
 
Central to Phase III is the amplification of leadership influence and mass unanimity. Chizhevsky notes, "Never does the influence of leaders, military leaders, orators, the press, etc., reach such a tremendous force as during the period of maximum intensity of the sunspot-forming activity of the Sun. During this period, sometimes one well-timed word or one gesture is enough to move entire armies and the masses." 
 
Πόλεμος πάντων μὲν πατήρ ἐστι, πάντων δὲ βασιλεύς, καὶ τοὺς μὲν θεοὺς 
ἔδειξε τοὺς δὲ ἀνθρώπους, τοὺς μὲν δούλους ἐποίησε τοὺς δὲ ἐλευθέρους.
» War is both father and king of all; some he has shown forth as gods 
and others as men, some he has made slaves and others free. «
Heraclitus, also known as "The Dark One" (ὁ Σκοτεινός); 
Fragment DK22B53, ca. 500 BCE.

This fosters 
"the unanimity of the masses of people, which is especially clearly outlined in this period when resolving any military or political issues," leading to rapid dissemination of movements: "the astonishing speed of the spread of popular uprisings and mass [social] movements in general." However, this surge can devolve into extremes, as "mass movements of people usually undergo abnormal deviations. Sometimes the height of the struggle reveals the entire vast area of human madness, instability and passion. Elemental violence, bitterness, frenzy, thirst for revenge, epidemics of murder, panic, pogroms, devastating raids, desperate battles, mass exterminations, bloodbaths, as well as uprisings, mutinies, coupled with the manifestation of fanaticism and heroism — reach their apogee."
 
Encompassing NOAA's Solar Maximum, with peak sunspots, flares, and ejections, this phase accounts for ~60% of "historical events" per Figure 1. It drives transformative mass actions. This phase, as delineated by Chizhevsky, represents the apex of solar activity's influence on human behavior, characterized by heightened psychological tension and collective mobilization.
Major revolutions align with Solar Maximums, e.g.: 1775–1783 American War of Independence (Cycle 2), 1789 French Revolution (Cycle 3), 1910 Mexican Revolution (Cycle 14), 1906 and 1917 Russian Revolutions (Cycles 14–15), 1959 Cuban Revolution (Cycle 19), 1979 Revolution in Iran and Nicaragua (Cycle 21), Soviet collapse in 1989–91 (Cycle 22), 1998-2001 Revolution in Venezuela (Cycle 23), Arab Spring 2011 (Cycle 24), 2024 MIGA-MAGA Revolution (Cycle 25).
Contemporary events in 2025, amid elevated sunspot activity, resonate with these dynamics. Geopolitically, persistent conflicts such as the NATO-Russia war in Ukraine, the wars in and around Palestine and Sudan exhibit intensified diplomatic pressures for ceasefires, reflecting Chizhevsky's notion of resolving "world-historical problems." The fall of Assad's regime in Syria has spurred migrations and regional realignments, akin to the "migrations etc., creating new formations in the existence of separate states." Escalations in nuclear proliferation, space security, and hybrid warfare underscore the phase's potential for "devastating raids" and "mass exterminations." 
 
Phase IV: Decreasing excitability (mid-2028 – December 2030): This phase matches NOAA's Declining/Falling Phase, with waning sunspots and field preparation for reversal, representing ~15% of events per Figure 1. It fosters resolution and fatigue:

"The period of decline in excitability is, as it were, an echo of the stormy period of struggle and unrest that preceded it, the highest degree of tension of which has already passed, and a general need for calm and peace is felt. If there is a war, its heat gradually dies down, sluggishness is observed in military actions, their tempo slows down. 
 
Finally, the general decline in excitability is replaced by a psycho-physical state that can be called enervation. Popular assemblies and representations are dispersed without protest, uprisings are easily suppressed, wars do not flare up, and also peace negotiations are mechanically caused by the depressive state of the masses of people, which is often facilitated by physical exhaustion and fatigue.
» The depressive state of the masses. «
 
[...] Leaders, commanders, orators lose those forces that in the preceding period fettered the masses and forced them to obedience. The masses are already subject to suggestion with difficulty. [...] This lack of unanimity in the 4th period of the historiometric cycle can be called a stumbling block on which any newly-begun uprising, any mass activity risks being wrecked, since concentrated action, due to the reduction and relaxation of the connecting forces, becomes impossible. 
 
[...] Finally, the general decline in excitability is replaced by a psycho-physical state that can be called enervation. Popular assemblies and representations are dispersed without protest, uprisings are easily suppressed, wars do not flare up, and also peace negotiations are mechanically caused by the depressive state of the masses of people, which is often facilitated by physical exhaustion and fatigue."
 
Regarding the economic and financial realm during the remainder of Solar Cycle 25 into around 2030, Helioeconomist Aleksander Valkov recently put forth the following forecast: Given that Solar Cycle 25 reached a stronger-than-expected maximum around 2024–2025, his HELI index indicates that the current global economic expansion has already peaked or is in its final stage. The model forecasts an accelerating contraction phase leading into a major multicycle trough centered on the early 2030s—precisely the period when the next solar minimum is expected. Leonty Miroshnichenko's findings support Valkov's correlation"On average, the difference between the peaks and troughs of solar activity and economic cycles does not exceed six months." Furthermore, historical analysis shows that 88% of recessions since the 1800s and 100% of major financial crises occurred during the downturn of sunspot cycles.
 
 Reference:

Monday, December 8, 2025

Preventing Empire Collapse | Alexander Mercouris and Alex Christoforou

The new 33-page US National Security Strategy, strongly shaped by Elbridge Colby and personally prefaced by President Trump, represents a partial yet still incomplete departure from three decades of neoconservative pursuit of hegemony. Officially released on December 4, it explicitly renounces any further quest for global domination, acknowledges that post-1991 globalism hollowed out American industry while delivering few benefits to ordinary citizens, and ultimately weakened the United States itself. It faults an over-reliance on allies and proxies that Washington could not fully control—pointedly implying Israel and European-driven adventures in Ukraine—for repeatedly pulling America into conflicts that did not serve its core interests.
 
» The unipolar era is over. «
» The unipolar era is over. « 
 
In place of hegemony, the document calls for aggressive domestic reindustrialization, technological supremacy, and a return to traditional spheres-of-influence politics. It resurrects an explicitly imperial interpretation of the Monroe Doctrine, insisting that no external great power may have any presence whatsoever in the Western Hemisphere and that the United States must maintain absolute predominance there. At the same time, it insists that America must remain the world’s foremost military and economic power and must permanently prevent any rival from ever attaining the degree of primacy the United States itself enjoyed in recent decades.

» Extraordinarily harsh toward European leadership and the EU. «
»
 
Extraordinarily harsh toward European leadership and the EU. «
 
China continues to be treated as the sole peer competitor capable of achieving parity or even supremacy; opposition to Taiwan’s reunification with the mainland remains a clear priority, revealing no substantive softening despite changed rhetoric. Russia, by contrast, is now a power with which the United States must seek accommodation and continental stability. The document is extraordinarily harsh toward European leadership and the European Union, accusing Brussels of delusional thinking on Russia and Ukraine, economic self-destruction, creeping authoritarianism, and the erosion of European civilization itself. Stabilizing Europe, it argues, requires ending the Ukraine war in partnership with the continent’s other great power—Russia.
 
The new operating model abandons the image of America as a "weary Titan" bearing the world’s burdens alone. Instead, Washington will concentrate on its own hemispheric backyard while outsourcing or franchising security responsibilities elsewhere: Europe is expected to provide for its own defense, Asia will be handled by regional proxies, Africa reduced to transactional resource partnerships, and the Middle East treated as a complicated but no longer central theater. These partners will still answer to the United States and pay their dues, yet day-to-day management becomes their problem.

Historically, this precise pattern—admitting overextension, rejecting free-trade globalism, demanding allied burden-sharing while assuming continued overall control, and invoking the "weary Titan" metaphor—appeared during the terminal phases of both the British Empire under Joseph Chamberlain in the 1890s–1900s and the Spanish Empire under Gaspar de Guzmán, Count-Duke of Olivares in the 17th century. In both cases the reforms were offered as salvation but in reality signaled irreversible imperial decline.

» Explicitly imperial interpretation of the Monroe Doctrine. «
» Explicitly imperial interpretation of the Monroe Doctrine. «
 
The strategy is riddled with contradictions. While calling for stabilization with Russia, Pentagon sources simultaneously press Europe to be combat-ready against Moscow by 2027; Europeans counter that 2030 is more realistic, and Viktor Orbán openly states that the official EU position is preparation for war with Russia by that later date. The unspoken American ultimatum to Europe is therefore: achieve full military self-sufficiency on Washington’s timeline or the United States will negotiate directly with Moscow over Europe’s head and end the Ukraine conflict on Russia’s terms. Given Europe’s incapacity to meet that deadline, the second path becomes the default—yet powerful entrenched forces in Washington, Brussels, and the broader transatlantic apparatus remain committed to perpetual confrontation with Russia and containment of Russia.

» Franchising security responsibilities elsewhere. « Joseph-Noel Sylvestre "The Plunder of Rome"
»
 
Franchising security responsibilities elsewhere. «
 
The document is ultimately a fragile compromise between a small restraint-oriented faction and the far larger interventionist bureaucracy. History suggests the bureaucracy will prevail, just as it defeated Chamberlain and Olivares. Moscow and Beijing instantly recognize the contradiction of a United States that urges its vassals to keep fighting while posing as the reasonable party seeking stability; they will not be deceived. Russia, in particular, reads the American declaration that peace in Ukraine and stabilized relations with Moscow are now core US interests as confirmation that time is on its side, that it can stand firm on all demands, and that Washington will eventually concede because it is the United States, not Russia, that now needs the war to end.

Thus, while the 2025 National Security Strategy marks the intellectual arrival of restraint-oriented thinking inside parts of the American national-security establishment and constitutes an official admission that the unipolar era is over, its internal contradictions and the entrenched power of the old order make it unlikely to survive in anything like its present form. Like its British and Spanish predecessors, it may ultimately be remembered less as the blueprint for managed retrenchment than as one of the first formal acknowledgments that American hegemony has irrevocably ended.
 
Reference: