When McCarthy says. "Today we can almost physically hear the mutterings and rumblings of an invigorated god of war. You can see it, feel it, and hear it all the way from the hills of Indochina, from the shores of Formosa right over into the very heart of Europe itself." he is arguing that:
the effects and influence of

the Cold War have spread worldwide and will lead to another world war.

the Cold War is not a real war, so people shouldn't take it so seriously

nuclear war is not something that should be feared; it should be prepared for and welcomed.

the Cold War has only affected the US