In this end-of-year episode, the hosts review a turbulent 2025, focusing in particular on December’s rapid sequence of national security developments. They examine U.S. military operations in the Caribbean and Eastern Pacific, the evolving use of economic and military coercion against Venezuela, and historical parallels to the Cuban Missile Crisis. The discussion situates these actions within coercion and deterrence theory, highlighting the importance of clearly defined political objectives. The episode concludes with an assessment of the newly released National Security Strategy, its emphasis on the Western Hemisphere, and what it signals for U.S. strategy heading into the new year.