I think this is exactly what is going to happen. The world order from 2 weeks ago is gone forever.

The Russian stock market still hasn't even opened this week. They are basically going to have to start over economically. They are not going to build back the same way as they did the past 20 years. We have basically left them no choice other than to build back with China.

I think history will view this decision to completely cut them off from the Western financial system as a huge mistake. A completely myopic decision.