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 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.

Terrorism is really the only existential threat to America as we know it - as a free country that plays a leading role in the world.

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."

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.

I think we should be organized in something called an Alliance Against Nuclear Terrorism. In the same way that NATO was the great alliance of the Cold War and served a great purpose then, we need now, in the war on terrorism, a new alliance, the mission of which would be to minimize the risk of nuclear terrorist attacks, and the members would agree to sign on to the gold standard.

Given that the Al Qaeda core has been significantly destroyed or disabled, and that the leadership seems to be essentially on the run or in hiding, it would lead me to think that probably it is one of the less centralized groups that might be the greatest danger.