The Chinese are making money off American taxpayers in the form of iterest payments on loans, how that money is used by the Chicoms is speculative.
That was the point my friend. ..and I wouldn't care what party is in charge.
Geezz....
Of course they do. But that's not what you said in your previous post. You can ask me in the same vein whether rain make air wet --- yes it does, but that is not what we were discussing either.
The Chinese are making money off American taxpayers in the form of iterest payments on loans,
Firstly, this is false. This is the reason I responded to your post: stop and think for once about what these words really mean. By receiving interest on a loan, the lender receives profit from the loan. A bank does not make money off the borrower; it makes money off its own money that it lent to the borrower.
[ Even more precisely: principal plus interest is the price in future dollars that the borrower pay in exchange for today's dollars he receives in the form of the loan. If you are interested, I'd be glad to expand on that; let me know. ]
Secondly, the idea that lenders make money off borrowers (rather than off their own capital) is due to Marx. According to him, this is the reason for the socialist revolution: workers should stop allowing capitalists to make money off them (workers).
I know this happened without you knowing, but this commie viewpoint got under your skin --- no offense intended, I assure you.
Of course they do. But that's not what you said in your previous post. You can ask me in the same vein whether rain make air wet --- yes it does, but that is not what we were discussing either.
The Chinese are making money off American taxpayers in the form of iterest payments on loans,
Firstly, this is false. This is the reason I responded to your post: stop and think for once about what these words really mean. By receiving interest on a loan, the lender receives profit from the loan. A bank does not make money off the borrower; it makes money off its own money that it lent to the borrower.
[ Even more precisely: principal plus interest is the price in future dollars that the borrower pay in exchange for today's dollars he receives in the form of the loan. If you are interested, I'd be glad to expand on that; let me know. ]
Secondly, the idea that lenders make money off borrowers (rather than off their own capital) is due to Marx. According to him, this is the reason for the socialist revolution: workers should stop allowing capitalists to make money off them (workers).
I know this happened without you knowing, but this commie viewpoint got under your skin --- no offense intended, I assure you.