No Way Out

Unrestricted Decline: Debt, Inflation and The Road to Serfdom (w/ Max Borders)


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What if the maps we’re all using are lying to us?

In this episode we yank the curtain back and connect the dots most shows leave scattered: 

  • The “devouring mother” vs. “tyrannical father” archetypes now fighting for control of America’s soul 
  • How printed money and $38 trillion in debt quietly tax you every single day 
  • Why a household “poverty line” just hit $140k in parts of the country — and why almost nobody wants to admit it 
  • Healthcare’s textbook death spiral: community rating, third-party payer distortion, Medicare price floors, and the cartel that profits from it 
  • China’s century-of-humiliation memory, Belt & Road resource grabs, fentanyl pipelines, and why their planners think in 50-year chunks while we argue in 24-hour cycles 
  • The OODA loop as the antidote to mass psychology, narrative warfare, and orientation collapse

Three Gen Xers — Mark, Ponch, and Max Borders (Underthrow) — refuse to treat these as separate stories. Instead we stitch them into one coherent picture of unrestricted decline and show you exactly where the leverage points still exist.

If you’ve ever felt the system is rigged but couldn’t quite name how, this conversation hands you the mental models to see it clearly — and the agency to do something about it.

Watch or listen now. Then send it to the one friend who still thinks inflation is “transitory.”

Max Borders on LinkedIn

Underthrow (Substack): 

John R. Boyd's Conceptual Spiral was originally titled No Way Out. In his own words: 

“There is no way out unless we can eliminate the features just cited. Since we don’t know how to do this, we must continue the whirl of reorientation…”

March 25, 2025

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Substack: The Whirl of ReOrientation

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Recent podcasts where you’ll also find Mark and Ponch:

The No Bell Podcast Episode 24
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No Way OutBy Mark McGrath and Brian "Ponch" Rivera

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