Could WWIII Begin in Black Sea?

by James Rickards Daily Reckoning

I’ve written frequently in the past about the risks of escalation in the war in Ukraine. Of course, all wars carry such risks and often the escalation plays out exactly as feared.

World War II began with the conventional weapons of the time (infantry, ships, aircraft, artillery, etc.) but eventually escalated to fire-bombing major cities like Dresden, annihilating entire army groups on the Eastern Front in Europe with millions of dead and the use of atomic bombs over Hiroshima and Nagasaki.

The same dynamic is playing out in Ukraine, although few Americans are aware of the full details.

The war began with a limited special military operation by Russia in Ukraine. It’s likely that Putin undertook the operation in order to bring Ukraine to the negotiating table, not to conquer it. Essentially, Putin wanted Ukraine to abandon any plans to join NATO and to pledge neutrality (more on that in a minute).