I've been accumulating my wisdom in this space for a couple of decades now.

And so today I'm going to share with you the most important lesson I know about in economics in just one short lesson.

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such as articles, discussion forums, and exclusive subscriber-only content. Hello, everyone, Dr. Chris Martinson, a peak prosperity here back with you. And this is a really important episode for me.

Beware the peak, the economy in just one short lesson. So if you're confused about why things are happening the way they are, you want to have an explanatory function for understanding how things are unfolding I've got that for you here and it begins with

this though my concern my concern is that our leaders they know a lot that just

ain't so you know mark twain said it best it ain't what you don't know it gets you

in trouble it's what you know for sure that just ain't so.

So if you have the wrong narrative, if you have the wrong story, things can break on you.

So one of the stories that our leaders have had for a long time in the United States is that

debts don't matter, right? Dick Cheney famously snarled that at the camera way back when.

Debts don't matter, right? We can just constantly get our debts going up higher and higher and higher all the time. As a nation, at the federal level, at the state level, at municipal levels, at personal, corporate, just more debt, more debt. We're going to tear that apart because it's really wrong, and we're going to connect it to the most powerful piece of information that has come out this year from the U.S. government.

It begins with this idea. Federal debt clearly unsustainable.

We noted here a while ago, I think I noted this chart in 2024 sometime, and it's only gotten worse since.

The U.S. has added $11 trillion in debt since 2020, and it took

220 years to reach the first $11 trillion in debt. And obviously, that's an exponential chart,

and it's increasing exponentially. You know, that's not a problem. You know, if Bill Gates' debt

is increasing, but his income is increasing faster than his debt? Who cares?

Right. Here's the problem. Jerome Powell said this in front of the Senate Finance Committee

on monetary policy. He said this to Cynthia Loomis. He said, quote, the problem is that we're on a

path where the debt is growing substantially faster than the economy, and that, by the definition, in the long run,

...