First of all, we've got the S&P 500 market capitalization as a percentage of world GDP. So
how big is the US economy compared to the rest of the world? And from the Kobayashi letter here,
the S&P 500's market cap to world GDP ratio officially hits a new all-time high of 46%.
Look how high this is here. Over the last 15 years, this ratio has quadrupled. So it's
even higher than the dot-com bubble peak in the year 2000. And the market cap of the S&P 500 is
over $50 trillion for the first time in history. And the US stock market cap to GDP ratio has hit an
all-time new record high of 205%. The US stock market has never been bigger. Never been so overvalued.
Never been bubblier. It's bubblicious. It's bubblicious. The overvaluation of the stock markets
is something that I've been warning about for quite a while now. And this is the problem with it,
is you don't know when the bubble is going to burst. In 2005, 2006, and 2007, I was going
through the exact same thing. Warning people, warning people, get ready. Everybody was on
the real estate bandwagon back then. That was the biggest real estate bubble we've ever had.
And I was touring the world with Robert Kiyosaki. I was presenting all of these charts.
In my last video, I disclosed that Robert's group used to call me the Angel of Death,
because I would bring the depressing news to everybody. And everybody thought that I was
wrong, that this thing will keep on going forever, and that they're all going to get rich on leveraged
real estate. And just a couple of years later, when the bubble popped in 2007, when the global
financial crisis hit in 2008, everything fell apart in the real estate sector. Real estate
dropped by 50%. Gold tripled during that period of time. So if you had sold a home in the
peak and then bought gold and then bought back into real estate down in the trough,
for every home you sold, you would have been able to pick up six.