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First of all, we've got the S&P 500 market capitalization as a percentage of world GDP. So

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how big is the US economy compared to the rest of the world? And from the Kobayashi letter here,

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the S&P 500's market cap to world GDP ratio officially hits a new all-time high of 46%.

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Look how high this is here. Over the last 15 years, this ratio has quadrupled. So it's

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even higher than the dot-com bubble peak in the year 2000. And the market cap of the S&P 500 is

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over $50 trillion for the first time in history. And the US stock market cap to GDP ratio has hit an

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all-time new record high of 205%. The US stock market has never been bigger. Never been so overvalued.

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Never been bubblier. It's bubblicious. It's bubblicious. The overvaluation of the stock markets

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is something that I've been warning about for quite a while now. And this is the problem with it,

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is you don't know when the bubble is going to burst. In 2005, 2006, and 2007, I was going

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through the exact same thing. Warning people, warning people, get ready. Everybody was on

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the real estate bandwagon back then. That was the biggest real estate bubble we've ever had.

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And I was touring the world with Robert Kiyosaki. I was presenting all of these charts.

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In my last video, I disclosed that Robert's group used to call me the Angel of Death,

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because I would bring the depressing news to everybody. And everybody thought that I was

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wrong, that this thing will keep on going forever, and that they're all going to get rich on leveraged

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real estate. And just a couple of years later, when the bubble popped in 2007, when the global

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financial crisis hit in 2008, everything fell apart in the real estate sector. Real estate

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dropped by 50%. Gold tripled during that period of time. So if you had sold a home in the

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peak and then bought gold and then bought back into real estate down in the trough,

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for every home you sold, you would have been able to pick up six.