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There's a simple formula underneath every economy on earth: GDP growth = population growth + productivity growth + debt growth More workers, more output per worker, or more borrowing. That's all growth has ever been. When the first two stall, debt steps in to fill the gap, which grows the economy now by stealing from the future. The problem is that the trend rate of growth has been falling for decades, in the US and every developed economy. It now sits around 1.75%. The reason is the part you can't change. The working-age population is shrinking. Fewer workers means a lower ceiling on growth, no matter what anyone does about it. So the economy leans harder and harder on the one lever that's left. Debt. And that's where the real story begins. This is the starting point of the Everything Code, my framework for how it all fits together: demographics, debt, debasement and where assets go next. I've been building it in GMI since 2023. The full breakdown is here: https://t.co/u5knDhBo4b