The absence of a focal enemy, which is what the Cold War had provided; the complexity of the developments that are occurring that mean that the world is just extremely complicated - lots of different and competing stories and strands; the continuing reality of megaterrorism; and the dysfunctionality of our politics that has neglected the foundations of the U.S. role in the world; have altogether left us somewhat confused.

When a rapidly rising power rivals an established ruling power, trouble ensues. In 11 of 15 cases in which this has occurred in the past 500 years, the result was war. The great Greek historian Thucydides identified these structural stresses as the primary cause of the war between Athens and Sparta in ancient Greece. In his oft-quoted insight, "It was the rise of Athens and the fear that this inspired in Sparta that made war inevitable."

Putin needs to understand and feel in his gut that if the Chechens get a nuclear bomb, they're going to Moscow first, they're not coming to New York.

When we succeeded in winning the Cold War, escaping a nuclear Armageddon that could have killed us all, the U.S. inevitably had a serious problem about an encore: what now for our place in the world?

The fact that there are now many entities that may have some loose affiliation with a former core Al Qaeda - or who have decided to fashion themselves as an affiliate or follower in the Al Qaeda jihadist tradition - as well as groups that are just inspired by the concept that they could also be the perpetrators of mass killing, means that there is a spectrum of threats.

One of the three big factors that count against war in the relationship between China and the U.S. are, first, nuclear weapons and even a condition of mutual assured destruction. Secondly, one's got two economies that have become so deeply interlaced that a war between the U.S. and China would leave Wal-Marts empty and Chinese factories producing for nothing. Thirdly, climate - if between the two of us, we keep doing what we're doing, we can create a climate in which our grandchildren won't be able to live.

The best simpleminded test of expertise in a particular area is an ability to win money in a series of bets on future occurrences in that area.