We already learned that a majority of Americans find Hunter Biden’s sweetheart deal with Ukranian energy giant Burisma to be problematic at best. Despite nearly all of the mainstream media providing as much cover for the Bidens as possible, you have to wonder how everyone is feeling about the unfolding story of a very similar series of deals that the younger Biden landed in China. The closer you look at Hunter’s incredibly “fortunate” affairs in that nation, the worse it smells. And it also raises questions about Joe Biden’s very friendly attitude toward an increasingly aggressive country that’s rife with human rights abuses.
At the New York Post, there’s a detailed breakdown of how Hunter Biden cashed in. It’s written by Peter Schweizer, the author of Secret Empires, and the details paint a very troubling picture.
In 2013, then-Vice President Joe Biden and his son Hunter Biden flew aboard Air Force Two to China. Less than two weeks later, Hunter Biden’s firm inked a $1 billion private equity deal with a subsidiary of the Chinese government’s Bank of China. The deal was later expanded to $1.5 billion. In short, the Chinese government funded a business that it co-owned along with the son of a sitting vice president.
If it sounds shocking that a vice president would shape US-China policy as his son — who has scant experience in private equity — clinched a coveted billion-dollar deal with an arm of the Chinese government, that’s because it is.
If that story sounds oddly familiar to you it’s not just your imagination. Hunter landed the Burisma deal despite having no background in the energy industry and he doesn’t speak Ukranian. Similarly, he had virtually no experience in private equity markets or banking and he doesn’t speak Chinese, but he somehow managed to nail down billions in business for his own, recently formed LLC that was created just for such “opportunities.”
The really massive deal described in that excerpt above took place fairly early in Obama and Biden’s second term, but Hunter’s history of cashing in started well before that. As Schweizer discovered through his research, shortly after Joe Biden was sworn in as Vice President, Hunter formed Rosemont Seneca Partners, an investment equity firm, with his partners Devon Archer and Chris Heinz. If the Heinz name rings a bell, that’s because Chris is the stepson of John Kerry and his ketchup empire wife. (Funny how they all run in the same circles, eh?)
Rosemont Seneca was only one of a series of LLCs the three men launched, all of which wound up landing billions of dollars in deals with financial entities owned by the Chinese government. At the same time, their firms partnered up with Massachusetts-based Thornton Group, headed by James Bulger. To continue the name dropping game, James Bulger is the nephew of notorious mob hitman Whitey Bulger.
Hunter’s first trip to China to arrange these deals (along with Devon Archer) took place on the same day that Joe Biden was meeting with Chinese President Hu Jintao in Washington. Coincidence? If you insist.
The article goes on to list numerous other Chinese state-owned firms that went on to invest tens of millions of dollars into Hunter Biden’s firms. It’s all so very convenient, not to mention highly profitable. And even today, while China is growing increasingly aggressive and militaristic in the South China sea, partnering with Russia and Iran, and oppressing the people of Hong Kong and Taiwan, Schweizer points out how Joe Biden remains very forgiving and friendly toward the Chinese. Just last week, the elder Biden is quoted as saying (of the Chinese), “Come on, man. I mean, you know, they’re not bad folks, folks. But guess what, they’re not competition for us.”
If Joe Biden does somehow manage to win the nomination and the White House, one can only imagine what sort of incredible opportunities might await Hunter Biden in China. But if the subject is ever even mentioned on CNN or MSNBC, rest assured that these stories have all been “completely debunked.”