Biden’s Son’s Firm Made Billion-Dollar Deal with the Chinese Days After Biden’s Trip to China

Politics is an arena where we are often treated to some incredible irony. For example, imagine a Democrat engaging in illegal activities with foreign powers while all the focus was on what has turned out to be a non-existent relationship between President Trump and his team, and the Russians. Okay, perhaps that isn't irony at all and simply what we all expect.

“My frustration,” writes Peter Schweizer in his new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” “is not that the solid reporting on Trump has been too tough, but that the reporting on the Obama administration has been way too soft or in some cases nonexistent.” The author of the 2016 sensation “Clinton Cash” says Trump and his children didn’t invent the blurring of government and business, and details a number of ethical violations on both sides of the political aisle. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.

So the kids of these two major players in Washington for decades might have hatched the idea that they could pull off some fast deals with the Chinese while using their fathers' alleged integrity and stature as cover? It looks likely.

One of his closest political allies in Washington is former senator and former Secretary of State John Kerry. “Lunch Bucket Joe” he ain’t; Kerry is more patrician than earthy. But the two men became close while serving for several decades together in the US Senate. The two “often talked on matters of foreign policy,” says Jules Witcover in his Biden biography.

So their sons going into business together in June 2009 was not exactly a bolt out of the blue.

But with whom their sons cut lucrative deals while the elder two were steering the ship of state is more of a surprise.

What Hunter Biden, the son of America’s vice president, and Christopher Heinz, the stepson of the chairman of the Senate Committee on Foreign Relations (later to be secretary of state), were creating was an international private equity firm. It was anchored by the Heinz family alternative investment fund, Rosemont Capital. The new firm would be populated by political loyalists and positioned to strike profitable deals overseas with foreign governments and officials with whom the US government was negotiating.

One of the reasons we have these allegedly corrupt organization is the sheer complexity and opaqueness of the organizations and their connections.  Not one person in one-hundred would be able to untangle these machinations.

For example, just read this excerpt and realize that it details only one part of this labyrinth that was created to enrich the offspring of Biden and Kerry.

The partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty.

Of the various deals in which these Rosemont entities were involved, one of the largest and most troubling concerns was Rosemont Seneca Partners.

Rather than set up shop in New York City, the financial capital of the world, Rosemont Seneca leased space in Washington, DC. They occupied an all-brick building on Wisconsin Avenue, the main thoroughfare of exclusive Georgetown. Their offices would be less than a mile from John and Teresa Kerry’s 23-room Georgetown mansion, and just two miles from both Joe Biden’s office in the White House and his residence at the Naval Observatory.

Over the next seven years, as both Joe Biden and John Kerry negotiated sensitive and high-stakes deals with foreign governments, Rosemont entities secured a series of exclusive deals often with those same foreign governments.

Some of the deals they secured may remain hidden. These Rosemont entities are, after all, within a private equity firm and as such are not required to report or disclose their financial dealings publicly.

The author concludes that, “In short, the Chinese government was literally funding a business that it co-owned along with the sons of two of America’s most powerful decision makers.”

The swamp is so large, dark, and deep, that one must shudder at the task of draining it. Some get upset over the brashness of President Trump, but it will take a man of extraordinary stamina and determination to even make a significant impact on the swamp of corruption that exists largely in our nation's capital.

Donald Trump might just have been the only person who had any chance of winning the presidency who is up to the task.

Source: New York Post


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  1. Jake Sherwood

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