Build Back (Biden’s bank account) Better? Hunter tied to Chinese company which will benefit from electric vehicles

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Another day, another scandal involving Hunter Biden. But yeah FBI and DOJ…keep raiding homes of parents who speak out against school board overreach. Meanwhile the New York Times reported Saturday that Hunter Biden was a co-owner of an investment firm heavily involved in a Chinese conglomerate’s purchase of one of the world’s largest cobalt deposits in the Democratic Republic of Congo, Newsmax reports.

Why is this important? Look no further than Joe Biden’s push on the so-called Build Back Better behemoth spending bill, which includes a bunch of Green New Deal handouts including pushes for electric vehicles and charging stations across the country. It just so happens that cobalt is a key component of batteries used in those electric vehicles. Coincidence? You decide.

The $3.8 billion purchase of the cobalt deposits came before Biden’s spend-a-palooza passed the House last Friday and which designates some $320 billion in tax credits for companies or consumers who invest in electric vehicles, purchase solar panels, or otherwise invest in energy efficient upgrades to buildings.

Given all of the Biden’s ties to China, it is somewhat suspicious that there is such a huge push for electric vehicles. In fact, it is very suspicious since Hunter Biden looks to clean up financially from the ties into the Chinese company and their purchase of cobalt deposits in Congo.

According to Newsmax, the cobalt mines are “pivotal to China’s world dominance in making batteries” for the vehicles being pushed by Biden and the Democrats in the Build Back Better albatross through various taxpayer incentives and government subsidies. As always, follow the money.

Hunter Biden’s involvement in the cobalt deposits is somewhat complicated, but the Times was able to unravel the scheme. You see with the Biden’s, they are somewhat “smart” about trying to cover their tracks to make the path back to themselves as convoluted as possible. That includes Hunter Biden’s ties to the Chinese conglomerate.

Hunter Biden was a founding board member of a company called BHR, or Bohai Harvest RST (Shanghai) Equity Investment Firm Management Company. Not so ironically, this company came about in 2013 when Joe Biden was serving as vice president under Obama.

According to Chinese regulators’ records, Hunter Biden along with three other Americans owned a 30% controlling stake of BHR while the rest was owned or controlled by Chinese investors, including the Bank of China which works under the auspices of the Chinese Communist Party.  

The Times noted that BHR had assisted in financing an Australian coal-mining company controlled by a Chinese state-owned company, and also aided a “subsidiary of a Chinese defense conglomerate in buying a Michigan auto parts maker,” Newsmax reported.

However as always, Hunter Biden appeared to get “lucky” as one of BHR’s most profitable investments was the purchase and later sale of another Chinese company, CATL, which has become one of the leading companies in the world that manufactures electric vehicle batteries. That purchase, which ironically occurred in 2016 was also Biden’s last year as vice president. Coincidence? We think not.  

Also in 2016, according to the Times, another Chinese company…China Molybdenum paid a sum of $2.65 billion to buy a cobalt and copper mine…Tenke Fungurume from an American company called Freeport-McMoRan. In order to complete that deal, the Chinese company needed a partner to purchase the interests of a minority stakeholder in the mine, a Canadian company called Lundin Mining.

That was accomplished by BHR by paying $1.14 billion, funds which came entirely from Chinese state-backed companies, an “add-on agreement that allowed China Molybdenum to buy BHR’s share,” the Times wrote.

That occurred in 2019 when Hunter Biden controlled 10% of China Molybdenum through another company called Skaneateles LLC, a Washington, D.C.-based company, the report said. Do you see how the Biden’s try to muddy the waters in an apparent attempt to hide their ties to these Chinese-owned companies?

The New York Times reached out to the White House to question if Joe Biden was aware of Hunter’s ties to the deal, to which they replied, “No.” However as we previously learned, Joe and Hunter Biden shared bank accounts so the likelihood that Joe Biden had no knowledge of Hunter Biden’s business dealings is laughable at best and corrupt at worst.

According to Hunter Biden’s attorney Christ Clark, he told the Times he (Biden) “no longer holds any interest, directly or indirectly in either BHR or Skaneateles.”

Chinese records indicate Hunter Biden was removed from BHR’s board as of April 2020, which was around the time Joe Biden became the Democratic presidential candidate against then-President Donald Trump.

The Times reached out to Hunter Biden and BHR for comment, however neither responded.

“We don’t know Hunter Biden, nor are we aware of his involvement in BHR,’ said China Molybdenum spokesman Vincent Zhou in an email to the New York Times.

Sure you don’t.

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For more on Hunter Biden’s questionable Chinese business ties, we invite you to:

DIG DEEPER

WASHINGTON DC – Many times, foreign leaders and foreign governments who are looking to influence the political decision making in the U.S. will partner with, or “employ” politicians or their families.

This happens time and time again with politicians from both sides of the field. However, when taking a closer look at the situation Hunter Biden is involved in, it proved particularly troubling, as the transactions implicate U.S. national security.

While Joe Biden was vice president under Obama, his son Hunter received offers of employment from foreign governments and oligarchs in areas where he was arguably not qualified. What is particularly troubling is his closest partner is none other than communist China. 

According to the NewYorkPost, newly released Secret Service travel records for Hunter paint a clearer picture of how extensive these efforts were.

The documents, reviewed by Judicial Watch, show that between 2009 and 2014, Hunter made 411 trips across 29 countries.

While some of those trips were perhaps leisure and others related to his volunteer work for the World Food Program, many of them appear to be connected to deals that he or his associates either secured or sought with foreign governments and oligarchs.

It is reported that Hunter visited China five times between 2009 and 2014. The time that attracted the most attention was when he traveled with his father aboard Air Force Two in December 2013, as part of an official visit with Chinese officials.

Just ten days after their return to America, Hunter and his associates partnered with the state-owned Bank of China to formally establish BHR, a never before seen fund, aimed at making investments outside China through the newly established Shanghai Free Trade Zone.

When Peter Schweizer first revealed this information in his book “Secret Empires,” Biden’s entourage attempted to showcase Hunter as a “back seat” participant in the creation of BHR, stating that “other business partners” had laid the groundwork for it in a June 2013 meeting.

However, according to new travel records, Hunter was, in fact, in Beijing in June 2013.

Another company that Hunter co-founded and served as a board adviser of, Rosemont Realty, also raised red flags, because in 2015, that firm sold a majority stake to Gemini, a Chinese state-owned company.

The New York Post reported that there is evidence of extensive foreign dealings going beyond China, including the well-known case involving the corrupt energy company Burisma in Ukraine.

According to corporate board records released as part of a criminal trial in New York, Hunter’s business partners bragged about their relationships with powerful figures around the world.

One matter mentioned was a $200 million deal involving Yelena Baturina, a powerful Russian oligarch formerly married to Moscow’s mayor.

https://twitter.com/rob_pw/status/1305724885742891008

What is most troublesome about Hunters partners, is not that he is making an obscene amount of money for jobs he is not qualified for, it is the fact that his most prominent partner is China.

China, which is known to be a brutal totalitarian regime, and is quickly becoming a silent partner in the makings of these politicians. And it is evident that some of their commercial deals have clear implications for national security.

The New York Post reported that not long after its founding, BHR, the investment firm, became involved in a string of high-profile deals involving sensitive national security concerns.

BHR received a pre-public offering stake in a state-controlled nuclear company now under federal indictment for espionage. It invested in strategic mineral resources in Africa.

And it partnered with a Chinese military contractor to purchase a Michigan-based manufacturer of vibration dampening equipment, which is used in transport systems but is considered “dual use” by the federal government, i.e., it has military applications.

Although Hunter Biden claims to be removed from the immediate dealings with BHR, during all of the deals that took place, he was on the firm’s board of directors. In addition, his close friend and business partner, Devon Archer, was the vice chairman and a member of the investment committee.

https://twitter.com/ne77443101/status/1305855684588830720

It is reported that although Hunter Biden resigned from the board of BHR under the glare of public attention, he retains his equity stake in the firm.

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While Hunter Biden is flying off to other countries reaping the benefits, the tax payers are picking up the bill. 

Hey, it’s a good gig if you can get it. You know, being the son or daughter of a president or vice-president…at least for some of them.

We saw where Chelsea Clinton, with ZERO journalism experience was able to get a high-paying gig with NBC News a few years back as a “special correspondent.”

Now we’re finding out that Democratic presidential front-runner Joe Biden’s son Hunter, you know he of Burisma fame, cost taxpayers nearly $200,000 for Secret Service protection when daddy was vice president, according to the Washington Free Beacon.

According to USA.Spending.gov, which is a database that collects and reports on unclassified government spending, Biden’s trips cost taxpayers $193,696 for that Secret Service protection.

That amount, according to the report is nearly four times the recorded bill for security of all four of Donald Trump’s adult children—combined.

During Biden’s term as VP, little Hunter visited more than 10 countries, including China, Qatar, and South Africa.

Among the bills, which numbered 28, some were taxpayer payments to a “miscellaneous foreign contractor” or a “miscellaneous foreign awardee,” of which the cost of Secret Service protection was also included.

The totals for Biden far exceeded that of the Trump family, which the database acknowledges amounts to about $40,000.

Hunter Biden has never held a government position.

Typically Secret Service costs for the first lady is higher, and Michelle Obama and Melania Trump are no exception. However, these are typically official trips and First Ladies are considered to be representatives of their husband’s administration. Hunter Biden held no such role. 

Several members of Congress have been scrutinizing Biden’s financial connections to the government related to his excessive travel. Earlier this year, Sen. Chuck Grassley (R-IA) and Sen. Ron Johnson (R-WI) requested Hunter Biden’s travel records from the secret service in order to examine “potential conflicts of interest posed by the business activities of Hunter Biden and his associates.”

Unfortunately the database did not contain his records relative to his time in Ukraine, however it did contain information on trips to China in 2013 and 2014, according to the Washington Free Beacon.

In addition to Biden’s time on the board of Burisma, the Ukrainian energy company, he also served on the board of Chinese private equity company BHR Partners, and organized a “meet-and-greet” between his father and BHR CEO Jonathan Li on Dec. 4, 2013, according to the New Yorker.

Hunter Biden was forming a private equity fund that was looking to raise a substantial sum of money, including from China, according to NBC News. Although Hunter Biden admitted he met with Li, a spokesman said that it was a social visit.

In an amazing act of timing, the Chinese business license that brought the new fund into existence was issued ten days after the trip, with Hunter Biden a member of the board. Isn’t that weird? Hmmm.

According to Hunter Biden’s spokesman, he wasn’t initially an “owner” of the company and never was paid for serving on the board. He said that Hunter Biden didn’t receive an equity interest in the fund until 2017, after Joe Biden had left office. Yet another amazing coincidence.

Hunter Biden’s participation in that trip has raised questions about why Joe Biden didn’t do more to make sure that Hunter’s overseas business interests didn’t conflict with his official position as vice president, or avoid potential conflicts of interest.

Of course, Quid Pro Joe had an answer; “I have never spoken to my son about his overseas business dealings,” he said.

During the week, Hunter Biden was not at his father’s side during the week, showing up at times to various events with his father and disappearing during others. The White House did not provide details about what Hunter was doing when they were not participating in the vice president’s public events.

Several former White House officials who traveled with Biden on the trip told NBC News that they were unaware of any business relationship Hunter Biden had in China and were unaware of his private schedule while in the country.

The database shows that Hunter visited China on at least two other occasions, once both before and after the December 2013 meeting. Biden stayed in China for one to two weeks in June 2013 and March 2014, which cost American taxpayers nearly $13,000.

The trips that Biden took to the Philippines are filed under “WFP,” or World Food Program USA, a non-profit group.

However, while Hunter Biden was playing nicey-nice with himself having pictures taken with children struck by disaster in the Philippines, he and his Secret Service also availed themselves of stays at the St. Regis Doha in Qatar, a luxury hotel that cost taxpayers roughly $11,000.

The expenditure records provide very little details of the exact purpose of Biden’s trips. Sean Moulton, a senior policy analyst at the Project on Government Oversight, said that the government database is far from complete because the Secret Service tends to hold back information for security reasons.

He also said that it is unknown why Hunter Biden’s security details were so much more expensive compared to peers, other than the fact that for some reason he seemed to travel more frequently, even though he held no government position.

Moulton said that many of Biden’s Secret Service expenditures are categorized as “miscellaneous,” which he says shows a “frustrating lack of transparency.”

“Sometimes there are security concerns for recipients of USA money that require keeping them anonymous to protect them from possible reprisals from those unhappy with our country,” he said in an email.

“But too often the convention used for convenience because agencies may not have all of the information required to be reported for each foreign contractor.”

While there are no solid indications that Hunter Biden had connected his activities in China to his father’s role as vice president, just as with Burisma and Ukraine something smells like a rat. According to Jake Sullivan, Joe Biden’s national security advisor at the time:

“It just wasn’t something that was on any of our radar screens. Hunter’s presence didn’t really factor into anything the vice president and the team were thinking about from a policy of diplomacy perspective.”

Of course, the Biden’s are used to using the Secret Service for personal benefit. While serving as vice-president, Joe Biden charged the Secret Service rent for agents stationed in his Wilmington, Del., property, costing taxpayers over $171,000 between 2011 and 2017.

Editor note: In 2020, we saw a nationwide push to “defund the police”.  While we all stood here shaking our heads wondering if these people were serious… they cut billions of dollars in funding for police officers.  And as a result, crime has skyrocketed – all while the same politicians who said “you don’t need guns, the government will protect you” continued their attacks on both our police officers and our Second Amendment rights.

And that’s exactly why we’re launching this national crowdfunding campaign as part of our efforts to help “re-fund the police”.

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