bullet1 Question   What is Economics?

Economics is a 'social' science. It has to do with the description and analysis of the production and distribution of goods and services.

In so doing, this science ignores

  • the monetary functions of creating money
  • the mathematical effects of compounding interest on interest
  • banks' practices of overcharging and calling in loans
  • the gradual reduction of the Government's share of the money supply from 70% to 3%
  • the continuous increase in the speculative share of financial transactions which has reached 97%
  • the absence of a base in the reality of trading if nearly all transactions take place for the sake of making money out of money
  • the accountability of governments and the unaccountability of banks
  • the increasing power of accountancy firms and multi-nationals with budgets bigger than those of governments
  • the growth of money laundering through accountancy firms in off-shore havens
  • the increasing indebtedness on national, corporate and personal levels
  • the increasing financing of terror and drug networks
  • the unrepayability of national debts
  • the fact that money can't be eaten...

Economics = Measuring National Prosperity by Inflation + Gross Domestic Product + Unemployment

Economics <> Analysing the Usage of Money + Accounting Financial Transactions + Monitoring Monetary Developments per Capita