The topic of discussion for this Constitution Monday concerns the Biden family relationship with Communist China. Senator Ron Johnson (R-Wis) is asking questions about this relationship. He was part of an earlier investigation into Hunter Biden and his international business deals. He now says that Americans need to receive a “full accounting of Biden Inc.’s financial entanglements” with China.
More information about the Biden family entanglement with China can be found in Peter Schweizer’s newly published book, Red Handed: How American Elites Get Rich Helping China Win. In his book, Schweizer wrote that the Biden family made $31 million in five deals with China. Fred Lucas wrote the following about the connection between the investigations being done by Johnson and the one described in Schweizer’s new book.
In September 2020, Johnson, then-chairman of the Senate Homeland Security Committee, and Sen. Charles Grassley, R-Iowa, then chairman of the Senate Finance Committee, issued a joint report on Hunter Biden’s international business deals in China, Ukraine, and Russia.
Pages 71-83 of the Senate report detail some of the same China deals that Schweizer writes about in his new book, including Hunter Biden’s involvement with the Chinese investment fund Bohai Harvest and with CEFC China Energy executives Ye Jiaming and Patrick Ho. “Our report uncovered a number of these financial entanglements years ago,” Johnson told The Daily Signal in a written statement Thursday.
Johnson said the senators knew that more information likely would emerge about the president’s son’s deals with figures linked to the Chinese Communist Party. He said: When Senator Grassley and I released our report in September 2020 revealing these extensive financial transactions between the Biden family and individuals connected to the CCP [Chinese Communist Party], we knew that information was just the tip of the iceberg. While more information about Hunter Biden’s questionable financial arrangements have come to light since our report, a full accounting of Biden, Inc.’s financial entanglements with the CCP has yet to be uncovered.
The joint Senate committee report showed that the youngest Biden received millions of dollars in wire transfers from foreign companies that U.S. authorities flagged for possible criminal activity.
“The records acquired by the committees show that Hunter Biden and his family were involved in a vast financial network that connected them to foreign nationals and foreign governments across the globe,” the report said.
It later added: “These connections and the vast amount of money transferred among and between them don’t just raise conflicts of interest concerns, they raise criminal financial, counterintelligence and extortion concerns.”
Lucas continued by explaining that the Senate report stated that Biden Inc. used “holding companies, shell companies, and law firms” in their deals with companies in both Ukraine and China as well as with a Russian billionaire.
Johnson and Schweizer are not the only investigators looking at Hunter Biden’s business deals. Lucas reported that Delaware U.S. Attorney David Weiss has been investigating Hunter Biden’s financial deals and tax issue since 2018. No one has shown any proof that the investigators are wrong in their findings. Lucas has more information, but the real question is, do we have a compromised President of the United States?