This premise is patently false.
Actually, it's factually true. In a non-productive economy such as ours, GDP is purely a function of debt - that is, good 'ole inflation/deflation.
Total debt outstanding is a function of the monetary base ie reserve ratios, leverage, etc. The monetary base can be expanded in real terms by creating new dollars (actually credits - refer to the Fed's $14T liquidity flood), or it can be expanded in a virtual sense by altering (increasing) leverage.
But, thanx for playing. You're doing a fine job of demonstrating to others how to be a banker's b!tch. OTOH, perhaps you should avoid discussions regarding economics & finance on a public forum.