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[Editor’s note: Make sure to read Daniel Greenfield’s masterpiece contributions in Jamie Glazov’s new book: Barack Obama’s True Legacy: How He Transformed America.]
The release of an FBI informant’s allegations about the Biden family’s dealings with Burisma finally explains what a Ukrainian energy company wanted with a corrupt American political clan.
Why was Burisma paying a vice president’s son tens of thousands of dollars a month?
According to the allegations on the FBI’s FD-1023 form released to Sen. Chuck Grassley by whistleblowers, Burisma wanted to launch an IPO in the United States and was looking to first buy an American energy company. Such a move would have required regulatory approval and would have also potentially been very lucrative for anyone on the inside.
The allegations by the FBI informant describes Mykola Zlochevsky, Burisma’s co-founder and a former minister in the ousted pro-Russian Yanukovych government, saying that “it costs 5 (million) to pay one Biden, and 5 (million) to another Biden”.
And yet the rewards could have been even richer.
While the informant urged Zlochevsky to launch his IPO by forming an American company or buying a shell company, Hunter Biden had allegedly told the energy boss that his company “could raise much more capital if Burisma purchased a larger US-based business that already had a history In the US oil and gas sector.” Allegedly some Texas companies were on the table.
Why did Hunter Biden allegedly pitch Burisma on a messier and more expensive process? An obvious potential answer is that the Biden family may have hoped to cash in by being on the inside. To understand Burisma’s plans and those of the Biden family, we need to look at what was going on with the oil and gas sector beginning in 2014, when Hunter started being paid a small fortune to sit on the Ukrainian energy company’s board, through 2016 when some of the initial conversations that the informant reported to the FBI were first taking place.
2014 was a good year for oil and gas IPOs. Texas’ Parsley Energy rode annual revenues below Burisma’s estimated $400 million to a big IPO, rising revenues and an eventual $4.5 billion sale. Looking at examples like these, Hunter and Zlochevsky could have envisioned bringing together a Texas oil company and a Ukrainian oil company united around a similar political business model. The Biden name would have cleared the way for permits in Texas and political cover in Ukraine. Indeed the one thing we know that Joe Biden did for Burisma was threaten to pull foreign aid unless the Ukrainian government fired Viktor Shokin, a prosecutor who had been looking into Burisma’s affairs, and was seen as a block to any successful IPO in America.
The plan, implied by the FBI informant, was for Joe Biden to clear away Burisma’s problems in Ukraine and pave the way for the takeover of a Texas energy company. The Biden family would have potentially been on the ground floor of the Texas deal (and Hunter and other Biden family members could have been cut sizable checks or received shares on the American end) before being on the inside of an IPO for a combined company that would potentially be worth billions.
But political developments in Ukraine and a roller coaster ride in the energy markets, made that a shaky proposition. The Texas deal and the IPO never happened. Burisma and the Bidens didn’t look like they had much of a future. In the fall of 2015, Joe Biden held a press conference with Barack Obama at which he announced that he would not run for president.
This is when the FBI informant began meeting with Burisma officials and they vented about Hunter Biden who was increasingly outliving his purpose, but who was also too dangerous to let go. Only in March 2017 was Hunter’s $1 million a year salary finally cut. By then Zlochevsky had been entangled in legal proceedings and a Burisma launch in the United States was impossible.
Any political future for Joe Biden or financial future for Hunter Biden seemed to be equally done.
As the Burisma deal began falling apart, so did Hunter Biden. His ex-wife Kathleen Buhle’s memoir describes his transition from alcoholism to heavy drugs beginning around the start of the Burisma deal. Between the various memoirs and investigations, it’s widely known that Hunter burned through a massive fortune.
“The board fee had morphed into a wicked sort of funny money,” Hunter Biden wrote in his own memoir. “It hounded me to spend recklessly, dangerously, destructively. Humiliatingly. So I did.”
But the Burisma millions may have just been the beginning of a much bigger pay day. Before his father visited Ukraine, Hunter wrote of the Burisma arrangements, “this is a huge step for us.”
“We need to have a plan on how we develop a corporate entity or LLP that allows us to draw on funds generated here to free us from existing (under-producing current commitments) and to build our own investment and expansion strategy.”
Hunter Biden was living like a guy who expected to be making much more than he was. Burisma, like his Chinese deals, remained unfulfilled. Hunter may have been out to be more than a mere millionaire on paper while trying to keep up with payments on his houses and his Porsche, but aspiring to become a billionaire. The vice president’s disfavored son had spent much of the Obama administration trying to monetize his dad’s position for the rest of the family.
Joe Biden had something Barack Obama did not: a brother and a son who could hustle aggressively. And yet with the Obama administration approaching its end, Hunter had come away with only a taste of the foreign money that the Clintons had gorged themselves on.
Burisma, like the China deals, had never delivered the big payoff that Hunter had been chasing. The foreign companies remained foreign and they quickly tired of paying Hunter. The deal of a lifetime was slipping away even as his father’s time was drawing near. By the end of 2015, a Biden presidency seemed wildly unlikely. The smart money was on Hillary Clinton winning and then serving two terms. As painful as that was for Republicans, it was even more so for Hunter who was watching the last opportunity to monetize his father’s career slipping away.
Any chance that Joe Biden had for a future presidential campaign would require big money.
Hunter’s debts were piling up and once his father left office, they would come due. It’s not surprising that Hunter’s substance abuse issues, which had been around for a while, became catastrophic. One way or another the good life was over and Hunter had decided to go out with a bang. Only when his father relaunched his political career did the spree become inconvenient.
Hunter Biden wrecked his last opportunities under Vice President Biden and made himself too toxic to be able to significantly cash in with foreign investors under President Biden.
The FBI’s informant lays out an implied picture of just how much money the Bidens were chasing. This was not about the millions of dollars, money that Hunter casually wasted on crack, prostitutes and a lifestyle beyond his means, but potentially billions of dollars.
It’s not hard to imagine how a Burisma – Texas deal could have come together and how it could have benefited a whole circle of Biden family members, associates and key donors. Had such an arrangement succeeded, Joe Biden would have gained an incredibly wealthy family and donor circle that could have given him a shot or later another shot at the White House without becoming too dependent on the political favors and donors that made him a puppet president.
When Joe Biden intervened to protect Burisma, was he just protecting his son’s income stream of five figures a month or was he looking to gain billions for his family and his political allies?
The difference is more than just a matter of zeroes.
Democrats and their media have insisted that Hunter’s sins were his own and that Joe Biden’s involvement was limited to helping his troubled son. This narrative has been undermined by not only the FBI informant’s disclosures, but also by allegations from past business partners, a WhatsApp message from Hunter explicitly threatening a Chinese business in his father’s name, and the lengths to which the FBI went to shut down any investigation of anyone beyond Hunter.
Joe Biden’s defense has been to argue that no one can show that he profited financially from Hunter’s business deals. While a web of shell companies was used to move money around to Biden family members, no one has yet conclusively proven that money went directly to the man described in various communications as ‘the big guy’. But the difference between a deal potentially worth millions and billions would be that the latter wouldn’t just subsidize Hunter’s Porsche or prostitutes, but Joe Biden’s future political career.
When Biden told Ukrainian officials, “we’re leaving in six hours. If the prosecutor’s not fired, you’re not getting the money”, was he hoping to buy his way back into the White House using Burisma’s money?
Did Joe Biden intervene for Burisma to help Hunter pay off his debts or to become president?
The radical Dems dare not ever lose another national election , and that’s why the 2020 flu d’etat” was their 1917 moment and point of no return ; as such it’s pointless talking about who is going to win the 2024 election…. ITS OVER ALREADY !
“the 2020 flu d’etat”
I’m so stealing that. I hope you don’t mind.
“ITS OVER ALREADY !”
Not really. What it means is that this is where things will start to get ugly, and why the lefties were so adamant about driving ‘toxic masculinity’ out of American fighting-age males. Fortunately not only are the tides turning among the youth, but the big cities where these little-minded ideas percolate are imploding and being incinerated by their own residents. By this time next year, lefties will be looking for places to hide their faces in shame.
they should of started hiding right after Biden got elected because just about everyone knew the democrats stolen the election.
Addiction and easy money. Like the tragedy of lottery winners who blow it all on destructive vices. Better to learn money management skills and learn to live on less.
And then there’s this huge elephant in the room, a war in the same country.
195 to 1 chance?
By 2019, President Trump was getting his political legs and soon his nose would be able to smell a deep state rat like Bill Bar or a spineless wimp like Jeff Sessions. He would appoint real conservatives in his second term who would work to restore Constitutional government and that is something the democrats could not and cannot tolerate for it would completely obliterate their party.
The current harassment President Trump is experiencing is a defensive move by Joe Biden’s handlers. The plea deal that just fell through would have given Humper “future immunity” from prosecution. But it’s not Humper the democrats are protecting, it’s the Chi-com puppet in the crack house and by extension, themselves.
Between Trump, Flynn, Byron Donaldson, Gaetz, and Jim Jordan Hades won’t have to wait for the Deepstate, RINOs, and DNC who sold out America as it will be brought to them. God willing. And make no mistake this is about a battle of Good (Trump – MAGA) and Evil (Biden – Deep State / Moloch). We need to restore our Republic!
It makes one wonder if crooked politicians were involved with all of these Chinese acquisitions in the United States. Farms, food cooperatives, other businesses. How many other dirty deals are still waiting to be uncovered?
There’s the whole Harry Reid business which most have forgotten about
https://www.freedomworks.org/harry-reid-is-back-at-it/
I don’t know but somebody or several somebodies (smiling photo ops there come to mind) benefitted from billions recently sent to Ukraine
Absolutely, just yesterday Biden authorized more$$$$$ to Ukraine!
It should be noted, when Joe was extorting Ukrainians to fire the pesky prosecutor, he apparently had Obama’s full backing.
Hunter has admitted that he has to give 50% to Joe which leaves the question, is Obama the big guy?
Obama doesn’t need to scrape the bottom of the barrel. And this was bottom of the barrel stuff.
Back then, Obama had people lining up to hand him cash.
Alert to all flaming leftists! . . .
As all you know, the Clinton Holyland Foundation has been on life-support ever since the vicious bitch lost the 2016 election.
The poor beleaguered bitch had to cut loose most of her 450 lackeys (pawning themselves off as philanthropists) from the bribe taking Foundation.
Good news to all flaming leftists! . . .
Although the Clinton Holyland Foundation is no longer attractive to foreign enemies, all you depraved fools can still help!
Go to the Foundation’s website and, PLEASE give generously. (Don’t worry; only 10% is wasted on actual charity. 😉 )
hahaha wish they were so gullible!
Good summary of the outrageous corrupt undertakings by the Biden Crime Family.
There’s only one question left: Do they get away with it?
Most likely they will get away with it as corruption is so deeply
embedded in all of our federal justice system.
The Clintons got away with it but lost their shot at spending another two terms in the White House.
That may be the case with the Bidens.
They already did. Joe will exit, Stage 4 Dementia, never to be held accountable. The trick will be to fend off the globalists in time to save our own red white and blue ass.
”To understand Burisma’s plans and those of the Biden family, we need to look at what was going on with the oil and gas sector beginning in 2014, when Hunter started being paid a small fortune to sit on the Ukrainian energy company’s board, through 2016 when some of the initial conversations ”
WOW, 2014 imagine that : Oboma/Biden regime in White House and the Liberty Reserve money laundering case. The guys that owned Liberty Reserve are from UKRAINE. WTF kind of coincidence is that.
Do a search on Liberty Reserve, read a bit, and learn how few people took the fall. Who got off? Who didnt take the fall?
Most people realize that the Left has went off the rails, no rationality at all. People sit and watch and shake their heads when they see the total insanity that seems to be possessing people and their decision making.
Yeah, but then they turn around and repeatedly vote the same people into or back into office. Who is it that they think is creating this atmosphere of irrationality, anyway? I live in a very blue county. For years the county government – 100% Democrats – has been in the pocket of developers and giving them the ability to develop most of the county’s green spaces. My neighbors complain endlessly about this. I suggest that they vote for Republicans next time. They never do. There isn’t a single Republican elected office holder in the entire county. As someone has said, “you can’t fix stupid.”
I always thought that in a free, capitalist, country if you want green space surrounding you, you buy the land yourself for yourself with your own money. You don’t run to the government to hand you the UNEARNED.
Your neighbors probably don’t vote Republican because they’re probably receiving some other UNEARNED benefits from the Democrats that outweigh receiving UNEARNED green space.
“Every government interference in the economy consists of giving an UNEARNED benefit, extorted by force, to some men at the expense of others. By what criterion of justice is a consensus-government to be guided? By the size of the victim’s gang….
If parasitism, favoritism, corruption, and greed for the UNEARNED did not exist, a mixed economy would bring them into existence.” – Ayn Rand
I admire Ayn Rand.
My neighbors vote Democratic because it is part of their identity. They know little about the issues and have convinced themselves that the Democrats are “the good guys.” And since they have very high, if unwarranted, opinions about themselves, they, being self-annointed “good guys”, automatically vote for the Dems. They’re political robots. Receiving material benefits has little to nothing to do with it.
My neighboring county has the same thing going on but the pols are mostly Republicans. The residents squawk about it on FB but the same guys hold on to office election after election. Sadly, the same thing is going on in my county just as a slower pace. I-95 runs through both counties and I try to tell the complainers the urban creep is inevitable unless hard zoning laws are applied to stop the sprawl. On a good note, a landowner near to me has just put several hundred acres into the land trust creating a little haven in my neck of the woods.
Go live on an Indian Reservation. That’s a perpetual, tribal-collective, land trust. Perpetual stagnation is guaranteed. Plenty of green space too.
How about you go live on an Indian Reservation. You can lecture the N.A.s about their religious beliefs and how they aren’t being rational.
Idiot.
Biden should get a 2nd term In Prison with Bill Clinton Barack Obama as well as Gore the Bore Hillary can share a cell with Hanoi Jane
Corruption Hall of Fame: Top 10 Presidential Sons Convicted of Crimes
Hunter Biden poised to join elite ranks of scion scofflaws
Andrew Stiles
July 26, 2023
What happened: Hunter Biden, the disgraced son of President Joe Biden, was supposed to become a convicted criminal on Wednesday. He was expected to plead guilty to multiple tax charges as part of a negotiated agreement with federal prosecutors, which critics had denounced as a “sweetheart deal.”
“Protect and enrich.” This is a perfect encapsulation of the Clinton Foundation and the Obama book and television deals. Then there is the Biden family corruption, followed closely behind by similar abuses of power and office by the Warren and Sanders families, as Peter Schweizer described in his recent book “Profiles in Corruption.” These names just scratch the surface of government corruption. BRIAN C JOONDEPH
Is Biden’s presence as chief executive due to initiatives of a beltway law firm specializing in the orchestration of election irregularities which were force multiplied upon the convenient pretext of a pandemic emergency?
Or is it proof that God hates us?
Or is Biden’s presence in the White House proof that we hate G-d?
Actually, Daniel, your comment is most correct!! Shalom
the way we act, it’s both!
It’s the American Crack Pipe Dream.
But the morning after is ugly for us all.
There is no truth to the rumor that “HAIL TO THE CHIEF” will soon be replaced by “DIRTY DEEDS DONE DIRT CHEAP.” Or is it “DIRTY DEEDS DONE WITH SHEEP?” I forget….I’m easily confused these days.
It’s that or ice cream truck music.
Who else is on the take and needs to be investigated with a follow up indictment? Mitch McConnell? Chris Murphy?
My gut tells me that it is too late for the GOP and Conservatives to undue the terrible damage that has been
inflicted on America. The USA has changed for the worse in many important ways … morally socially politically
ethnically racially culturally economically and militarily.
The good America of yesteryear does no longer exist.
rand paul does not want to impeach, ‘bad look for the republic’ but i disagree i think it shows institutional integrity to clean up the white house
The picture of Pedo Joe coming out of a chimney made me smile.
Unlike slick Willie and Hussein. It seems Joe was too greedy and too stupid. He tried to pull similar scams the other two have had without the power of presidency. When it it comes to grafting no one has more opportunities than POTUS. As Willie and Hussein. proved it beyond any shadow of a doubt. Both left office, rich beyond their dreams. If it weren’t for Hunter idiocy of a laptop. Joe possibly could got away like the other two had. Lucky for us he got caught. Hopefully his crimes will shed a light . on the other two grifters.
Me. I receive a $20 parking ticket? Next. My car is towed.
Joe or Hunter? Move along. Nothing to see here…
FJB and his smartest son.