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Tags: extortion

America Has a China Extortion Problem

America Has a China Extortion Problem
Then-Vice President Joe Biden and Chinese President Xi Jinping (Getty Images)

Larry Bell By Friday, 18 December 2020 11:23 AM EST Current | Bio | Archive

One might expect that someone who has served in the federal government for nearly a half century on security-minded Senate committees and received top secret briefings as a vice president might be somewhat circumspect in private business dealings with foreign adversaries that pose transparent personal and national extortion risks.

Who knows? Maybe that same individual might even wind up running for president one day … maybe even winning?

Now imagine that the business deals undertaken by that same aforementioned individual involved companies and characters in adversarial countries where he or she had presided as top American representative.

Say hello to Biden Inc.!

Who and where are these bad deals and actors? They clearly include Chinese, Ukraine and Russian oligarchs, and there are likely more.

But let's just review the biggest problem of all … China, which U.S. Director of National Intelligence John Ratcliffe has characterized as America's number one security threat.

In a Dec. 3 Wall Street Journal op-ed, DNI Radcliffe warned: "The intelligence is clear; Beijing intends to dominate the U.S. and the rest of the planet economically, militarily and technologically."

The Communist Party of China (CCP) hasn't wasted any opportunities to seize on Biden family accessibility and avarice to achieve these objectives.

Speaking on a Chinese television program, Prof. Di Dongsheng, an associate dean at the Renmin University School of International Studies in Beijing, made special note of how easy it had been to reportedly manipulate the Obama-Biden administration. He expressed pleasure that a Joe Biden presidency will be favorable to a return of Beijing influence through their undercover network of "old friends" who were at the highest levels of the U.S. government and financial institutions.

Prof. Dongsheng rhetorically asked the studio audience, "You all heard that Trump said Biden's son has securities companies all over the world. But who helped Biden's son build his global companies? Got it?"

Following audience laughter and applause, the professor added, "There are indeed buy-and-sell transactions involved in here, so I think at this particular time, [with Biden winning the election], it is of strategic and tactical value for us to show goodwill to him."

Di was apparently referring to lucrative Biden family influence peddling and profiteering deals first reported in an Oct. 14 New York Post feature but ignored in most of the media.

Less than two weeks after accompanying his father on an official 2013 visit to China aboard Air Force Two, then-Vice President Biden's son Hunter inked a $1.5 billion investment deal with the Communist state-owned Bank of China on behalf of a private equity firm he had established in 2009 with Christopher Heinz, the stepson of former Secretary of State John Kerry.

The transaction was accomplished through Bohai Harvest RST (BHR), a company where Hunter served on its board. A BHR representative reported in July 2019 that Hunter had introduced his father to Chinese private equity executive Jonathan Li during the trip who later became BHR's CEO.

Another enormously troubling Chinese incident following Joe Biden's final term as vice president involved Hunter's May 2017 dealings with CEFC, a now-defunct Shanghai-based energy company with broadly known Communist government and military ties which was later bankrupted following U.S. government money laundering charges.

Numerous records obtained from Hunter's alleged laptop, along with corroborating emails and text messages provided by former Hunter partner Tony Bobulinski, point to the Biden family as possibly profiting by selling the former veep's political influence, noting that Joe may have known about and fully endorsed the scheme.

Bobulinski has publicly recounted being introduced to Joe by his brother Jim and son Hunter on May 2, 2017. "That night," Bobulinski said, "we discussed the Bidens' history, the Biden family's plans with the Chinese, with which he [Joe] was plainly familiar, at least at a high level."

Tony Bobulinski has also produced an email from Hunter's partner James Gilliar that proposes that the "big guy," confirmed to mean Joe Biden, receive 10% of the venture's equity.

An August 2017 email from "Robert Biden" (Hunter's legal first name) then crows that the original deal which was for $10 million a year in fees, had since become "much more interesting to me and my family" because it included a share of "the equity and profits."

According to an Aug. 2, 2017 email, a three-year consulting deal Hunter allegedly struck with the since-vanished CEFC chairman Ye Jianming for half-ownership of a holding company was to pay him $10 million annually "for introductions alone."

Ye, who had ties to the Chinese military and intelligence service, hasn't been seen since being taken into custody by Chinese authorities in early 2018, and CEFC went bankrupt earlier this year, according to reports.

Another email reveals Hunter allegedly asking the general manager of a Washington, D.C. office building to "Please have keys made available for new office mates" Joe Biden, Jill Biden, and Jim Biden, as well as for "Gongwen Dong (Chairman Ye CEFC emissary)."

It was already clear at the time that Joe was considering a presidential run, and that such transparent influence peddling transactions and relationships would deeply compromise his ability to represent America in tough dealings with China and other foreign economic and military adversaries.

This is much larger than a Biden family problem. Far more important is how much that Chinese extortion leverage will cost America.

Larry Bell is an endowed professor of space architecture at the University of Houston where he founded the Sasakawa International Center for Space Architecture (SICSA) and the graduate program in space architecture. Larry has written more than 700 articles for Newsmax and Forbes and is the author of several books. Included are: "How Everything Happened, Including Us" (2020), "Cyberwarfare: Targeting America, Our Infrastructure and Our Future" (2020), "The Weaponization of AI and the Internet: How Global Networks of Infotech Overlords are Expanding Their Control Over Our Lives" (2019), "Reinventing Ourselves: How Technology is Rapidly and Radically Transforming Humanity" (2019), "Thinking Whole: Rejecting Half-Witted Left & Right Brain Limitations" (2018), "Reflections on Oceans and Puddles: One Hundred Reasons to be Enthusiastic, Grateful and Hopeful" (2017), "Cosmic Musings: Contemplating Life Beyond Self" (2016), "Scared Witless: Prophets and Profits of Climate Doom" (2015) and "Climate of Corruption: Politics and Power Behind the Global Warming Hoax" (2011). He is currently working on a new book with Buzz Aldrin, "Beyond Footprints and Flagpoles." Read Larry Bell's Reports — More Here.

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This is much larger than a Biden family problem.
Friday, 18 December 2020 11:23 AM
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