It took some bloodless sass for the president to put his outraged son front and center at a White House reception last week.
Hunter Biden, 52, appeared at Thursday’s Medal of Freedom ceremony, rejoicing and networking from his front-row perch even as he awaits indictment by a Delaware grand jury for its shady overseas business dealings, the most lucrative in China.
Just a day earlier, FBI Director Christopher Wray and his British MI5 counterpart made a rare joint public appearance in London to sound the alarm over the growing ‘security and economic threat’ posed by China. , which aims to steal our intellectual property and corrupt our politics.
Also on Wednesday, U.S. counterintelligence officials issued a bulletin to state and local officials, warning of an escalation in China’s campaign to manipulate and influence politicians into pushing Washington to adopt pro-government policies. China.
The threat is not really new. The Trump administration has taken aggressive steps to curb China’s growing assertiveness and espionage activities.
Yet Joe Biden has grown soft on China since becoming president.
Here are some examples:
- He diverted at least one million barrels of oil from the Strategic Petroleum Reserve, according to Reuters, to Chinese gas giant Sinopec, which Hunter had invested in through his 10% stake in Chinese private equity firm BHR.
- He dissolved the China Initiative, a national security program set up by the Trump administration to combat China’s economic espionage in universities and research institutes.
- He revoked Trump-era restrictions on TikTok, instead promising a “national security review” that has led to no action in more than a year. The world’s fastest-growing social media platform, owned by Chinese company ByteDance, has reportedly repeatedly accessed the private personal data of US users.
- In another twist to Trump’s hard-line policies, the Biden administration granted Chinese tech giant Huawei a license to buy chips used in auto manufacturing, Reuters reported last year.
- He did not press China on the origins of COVID-19.
- He suspended tariffs on Chinese solar panels.
- He is reportedly considering lifting Trump’s tariffs on Chinese imports further, with no discernible benefit to America, with economists warning that any effect on soaring inflation would be small and short-lived.
It is amazing that such generous concessions are even being considered when China has become Vladimir Putin’s top financier in the war on Ukraine, buying Russian oil at a discount and thus allowing the Kremlin to resist Western sanctions.
This munificence toward China adds to well-founded concerns that Joe Biden is being compromised by the Chinese Communist Party, given all the evidence on Hunter’s laptop about millions of dollars that flowed from China to his son and daughter. brother, Jim Biden.
To be fair, Biden deserves praise for his involvement in both AUKUS, the trilateral security pact forged last year between Australia, the UK and the US, and the QUAD alliance with the Japan, India and Australia, the brainchild of recently murdered former Japanese. Prime Minister Shinzo Abe to counter China’s influence in the Indo-Pacific.
But until he confesses to his role in his family’s influence-peddling operation in China during his vice presidency, there will always be suspicions about his motives and questions about the risk to national security. .
Instead, his administration is thwarting congressional attempts to investigate corruption.
The Treasury Department has begun to deny requests for suspicious activity reports (SARs) related to Hunter and Jim Biden and associates, which banks are required to file if they have concerns about a foreign transaction.
More than 150 of these SARs have been crucial in establishing the trail of money in Biden’s bank accounts from China, Ukraine and Russia in investigations conducted so far by Republican Senators Chuck Grassley and Ron Johnson.
In a letter last week to Treasury Secretary Janet Yellen, Rep. James Comer, the senior member of the House Oversight and Reform Committee, accused the Treasury of ‘covering’ Hunter with a new rule. demanding Democrats’ approval for financial documents.
The sensitivity of these documents can be seen in two so far unpublished suspicious activity reports obtained exclusively by The Post from the non-profit research team Marco Polo – one of which refers to Joe Biden by name. .
The first, filed by JP Morgan Chase, records 93 telegraph transactions between February 3, 2014 and August 2, 2019, involving Hunter, his business partners, Devon Archer, Eric Schwerin, the firms of Hunter Owasco and Rosemont Seneca Advisors, the the corrupt energy company Burisma – which paid him $1 million a year while his father was vice president – and Bohai Harvest RST, the Chinese private equity firm in which Hunter had a 10% stake.
“The SAR is filed to report wire activity involving parties related to a Politically Exposed Person (“PEP”) with negative media for possible political corruption; as well as alleged commercial disputes involving related companies and individuals,” the bank states in its report.
“Research has revealed [Hunter] is an American lawyer and PEP, as he is the second son of former Vice President Joe Biden [and] worked for a US-based company that received monthly transfers in excess of $166,000 a month from BURISMA while the Vice President ran US policy with the Ukrainian government. . . BOHAI HARVEST would operate and work with a number of funds and the structure brought [Hunter] close to influential Chinese government and business figures.
Among the transactions highlighted in the report are 16 transfers totaling $119,095.31 from an account at the Bank of China and four transfers from Burisma totaling $222,566.97.
There is also an amount of $84,400.16 that Hunter sent in 10 transfers to “various counterparties” to a Wells Fargo account between August 14, 2017 and October 2, 2018.
The second SAR regarding JP Morgan Chase’s Hunter refers to suspicions of “human trafficking” and again describes the president’s son as a “politically exposed person.” This report comes from an “external transaction referral” in which Hunter or his private company Owasco sent money to recipients with ties to “the adult entertainment industry and potential association with prostitution” . [or who] have been listed in past SAR cases related to human trafficking.
The amount was $149,843 between October 24, 2016 and May 10, 2019.
The president’s repeated claims that he knew nothing of Hunter’s foreign business dealings are not credible in light of mounting evidence to the contrary, including a voicemail found on Hunter’s abandoned laptop in which he expresses relief that a New York Times article about one of Hunter and Jim’s Chinese dealings had barely scratched the surface.
“I think you’re clear,” Joe told Hunter.
When Fox News reporter Peter Doocy asked last week why there was “a voicemail from the president telling his son about his overseas business dealings if the president said he never spoke to his son about his affairs abroad?” White House press secretary Karine Jean-Pierre declined to answer.
“I’m not going to talk about the alleged elements of the laptop,” she said.
The White House can’t continue to ignore the Hunter issue engulfing Joe Biden.
It’s not going away.