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World War III
Putin has threatened to use all weapons at his disposal if the Ukrainians attack areas that he considers now part of Russia. I think there's only maybe a 10, 20% chance that he would use a few nuclear weapons in Ukraine. He might use them for coercion and then say, unless you agree to my terms, I'm going to start hitting cities next. So that's what we have to put up with. The United States might get involved in that circumstance, not with nuclear weapons, but using conventional strikes on units that carried out the nuclear strikes in Ukraine.