Joe Biden says China not U.S. competition. Even though Senator Schumer and Nancy Pelosi strongly disagree.

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COME ON MAN"

A Biden Presidency would be compromised from the start. 

Joe, the working class Irish Catholic boy from Scranton PA. sold his soul to the devil (China). Reads like a Faustian Tale.

CHINA OWNS THE BIDENS

https://www.washingtonpost.com/politics/biden-says-china-is-not-competition-for-us-prompting-pushback-from-republicans/2019/05/01/4ae4e738-6c68-11e9-a66d-a82d3f3d96d5_story.html

 

Washington Post (liberal newspaper) May 2019  "Former Vice President Joe Biden on Wednesday dismissed the notion that the United States should be worried about China as a geopolitical competitor . . . . . . . . The argument is one Biden has frequently made in speeches throughout the years, but it is drawing increased attention due to his status as the apparent front-runner among Democrats running for president."

Is this an argument Biden has made "throughout the years" since China Government invested $1.5 Billion in Hunter's fund in December 2013 ? Hmmm ? (Originally $1 Billion was increased to $1.5 Billion)

My conservative estimate is Hunter's fund has conservatively generated around $288 million in fees from the Chinese $1.5 Billion investment since December 2013.  SEE CALCULATION BELOW. 

Joe Biden's son Hunter (1)  receiving $1.5 Billion investment in his hedge fund Rosemount Seneca from the Chinese Government Bank of China (2) his seat on the board of a Chinese investment firm and (3) investment in many Chinese companies including a face recognition surveillance software company would compromise Joe's  presidency.  Nobody, except the Biden and Chinese officials know what really went down. 

The Chinese own the Bidens.  

If Biden elected president say goodbye to any hope for fair trade policy with China.  China will control the world economy. Chinese hegemony will rule. Trump China gains will be lost.  No Phase II  will be completed and Phase I would not be enforced or complied with. 

"Chinese BELT and ROAD and BIDENS = Chinese Hegemony"

Hunter Biden receiving China Government run BANK OF CHINA $1.5 BILLION investment is a clear violation of The Foreign Corrupt Practices Act (FCPA) .

(SEC Filings showed Biden, Heinz, Archer, Bulger ROSEMOUNT FUND HAD $2.4 BILLION AT ONE POINT)

FROM NEWSWEEK (a liberal News Magazine)

" Hunter Biden "scandal" is hiding in plain sight: it's an obvious case of what in China is known as "princeling" style corruption: hire the children of powerful government officials—"princelings"—and hope good things flow your way. It is against the Foreign Corrupt Practices Act (FCPA) for U.S. companies to do this in China or any other foreign country, as JP Morgan, among others, knows all too well. The bank in 2016 had to pay a fine of $264 million to settle FCPA charges with the SEC. JPMorgan, the SEC said, "engaged in a systematic bribery scheme by hiring children of government officials who were typically unqualified for the positions."

CHINA WOULD OWN JOE BIDEN'S PRESIDENCY.

THEN THERE IS UKRAINE BURISMA

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Hunter's attorneys said publicly he hasn't made any money on Chinese $1.5 Billion investment in his fund.

That's because he has not withdrawn it from hedge/private equity fund yet.  

 

HERE'S HOW HEDGE /PRIVATE EQUITY FUNDS WORK:

 

Typical funds charge (1) a yearly management fee of 2% (2) plus 20% of the gains each year. 

The key is the fund fees are paid by transferring investor shares (in this case the Chinese Government Bank of China) of the investment to the fund (Rosemount) SO NO INCOME TAXES PAID AND ONLY PAYS MUCH LOWER CAPITAL GAINS TAX UPON WITHRAWAL.

 

So each year Hunter's Chinese $1.5 Billion makes :

1. Mgmt Fee 2% X $1.5 Billion = $30 Million year

2. Fee on Gains 20% (assume ultra conservative 6% yearly gain).

$1.5 Billion X 6% gain X 20% fee = $18 Million year.

 

Total $48 Million year . Not bad for Hunter, a ne'er-do-well, dishonorable discharged military,  coke head, stripper baby daddy lover. 

That's estimated $48 million a year since December 2013. So $48 million X  6 years = $ 288 Million TOTAL so far. (and not a penny of income tax paid on it)

 

The Chinese $288,000,000 in fees paid to Hunter's fund dwarfs the $83,000 a month Barisma paid Hunter to be on their board .

 

And Hunter pays no income tax on it 

 

How much of that goes to each of Hunter Biden, Archer and Heinze  is unknown. Take a look at who are partners in Rosemount Seneca LLC and the parent Rosemount Capital. (follow the money)

I believe my estimate is conservative.  For the naysayers cut in half.  It still is huge and corrupt.  A Joe Biden Presidency would create a SERIOUS NATIONAL SECURITY THREAT AND ECONOMIC THREAT FROM CHINA.

 

VIOLATES : FOREIGN CORRUPT PRACTICES ACT (FCPA)

Voters beware.  A Biden Presidency will cost U.S. economy $Trillions lost to China and jeopardize U.S. National Security, while son Hunter lives a comfy life in his $3.5 million Hollywood Hills home with his wife.

IMPORTANT:

THE TRIO OF BIDEN, HEINZ AND ARCHER DID NUMEROUS DEALS WITH FOREIGN GOVERNMENTS AT THE VERY SAME TIME THEIR FATHERS VICE PRESIDENT JOE BIDEN AND SECRETARY OF STATE KERRY WERE NEGOTIATING DEALS WITH THE SAME NATIONS

NOTE: Chris Heinz ended his partnership with Hunter at the end of 2015 after Ukraine prosecuters started investigating Barisma and Board members Hunter Video and Devon Archer. Short time later faux whistleblower Eric Ciaramella held a Whitehouse meeting Jan 20, 2016 between U.S. NSC, State Dept with Ukraine diplomats and government prosecutors to implement damage control.  Cover-up ? Illegal ? 

However, Chris Heinz did greatly benefit from the (1)  $130,000,000 guaranteed Federal TALF loan to the newly formed partnership and (2) The $1,500,000,000. ($1.5 Billion) Chinese National Bank in 2013.