When money is broken, everything becomes money
Quote
All our assets are now being priced in terms of, of their monetary value, because the money itself has been broken.
Episode 56: is that a rocket in your pocket? Now, we're just happy to see all of (approx., from transcript intro) 00:45:49 (play audio from this timestamp, opens in a new tab)
Voice-matched
Summary
Dave calls Gigi's line 'when money is broken, everything becomes money' profound. Houses, cars and tech have become bubbles priced as monetary stores of value, because the money itself is broken. A fifth of all US dollars in circulation were created in 2020 alone.
Not in the audio. The phrase 'when money is broken, everything becomes money' is Dave quoting a tweet by Gigi.