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ChristianKl comments on Calibrating your probability estimates of world events: Russia vs Ukraine, 6 months later. - Less Wrong Discussion
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No. Bluffing is a key part of US foreign policy. If you frequently bluff than you don't have fences.
Obama also gets something from the conflict. EU nations who are angry at the US for NSA spying don't act on that anger because the have to show strength in the conflict with Russia and an EU US conflict would produce weakness. It increases the chances of getting an EU-US free trade agreement.