I posted these the other day but I'm still not sure people yet understand them... and they are the MOST important charts in all of macro/crypto....
Aging population = lower GDP growth
Lower GDP = higher debt to service the aging population.
With high debt and low growth, the Fed needs to create liquidity to service the debt = debasement
Demographics are destiny until the robots + AI scale (2030+), thus debt up, liquidity up = number go up.
It really is that simple with a longer-term time horizon. This is The Everything Code at a very high level.