The U.S. Stock Market Is In The Biggest Bubble In History - The Entire Economy Is At Risk

The U.S. Stock Market Is In The Biggest Bubble In History - The Entire Economy Is At Risk

Jan. 3, 2024

U.S. DOLLAR COLLAPSE - FOLLOW THE MONEY

Geopolitical Economy Report - Ben Norton

The U.S. stock market is in "the mother of all bubbles," with the market capitalization of publicly traded companies at 206% of GDP.

This is higher than the dot-com bubble of 2000 and even the peak of the crash of 1929.

Meanwhile, just 25 companies make up over half of the weight of the S&P 500, and the Magnificent 7 Big Tech monopolies are 35% of the market cap of the index. However, the US economy was built upon this financial house of cards, and politicians are profiting from it. Ben Norton explains the dangers.

TOPICS

0:00 American exceptionalism
0:53 US stock market is over 60% of world
1:16 USA is 74% of MSCI World Index
2:10 Top 25 companies in world
3:29 Exorbitant privilege of US dollar
4:59 S&P 500 and Nasdaq indices
6:07 Magnificent 7
6:50 Just 25 companies make up 50.3% of S&P 500
8:26 Tesla is insanely overvalued
12:03 Big US companies are really financial firms
13:11 How to measure a bubble
14:15 Buffett Indicator (market cap to GDP)
15:57 Public & private equities to GDP
17:00 How the US government inflated the bubble
21:10 Richest 10% of Americans own 93% of stocks
22:23 Warren Buffett's warnings
23:56 Berkshire Hathaway dumps stocks
26:32 Jeff Bezos sells Amazon shares
27:22 Mark Zuckerberg sells Meta stocks
27:40 Elon Musk sold Tesla shares
28:08 The "greatest bubble in human history"
30:27 Alan Greenspan and "irrational exuberance"
31:16 Fears of "pent-up exuberance"
32:19 P/E ratios
33:41 Irrational investing
34:54 Donald Trump's tax cuts help the rich
37:54 Trump and Ronald Reagan
39:04 Trickle-down economics
41:16 Wall Street fills Trump's cabinet
42:02 Financialization of US economy
43:44 Will Trump reverse de-industrialization?
45:38 Real estate & homelessness
46:38 US dollar
47:34 Wall Street vs Main Street
49:06 Outro

|| Geopolitical Economy Report ||

Check out our related video on BRICS' plan to transform the global financial system: https://www.youtube.com/watch?v=3pHr5yzLEHA

BRICS plans `multi-currency system' to challenge US dollar dominance: Understanding Russia's proposal -
https://geopoliticaleconomy.com/2024/10/19/brics-russia-multi-currency-system-us-dollar/

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https://bennorton.com

Original: https://youtu.be/rguHublkxCQ

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