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[Make sure to read Daniel Greenfield’s contributions in Jamie Glazov’s new book: Barack Obama’s True Legacy: How He Transformed America.]
“Where’s the money?” Joe Biden asked after being accused of corruption.
The answer is emerging in a pattern of financial transfers uncovered by the House Oversight Committee which has been looking into the complicated affairs of the Biden family. The investigation has previously uncovered over 20 shell companies set up by the family. This complicated web allowed money to be moved from overseas and to various family members.
But until recently there was no clear evidence that the money was going to Joe Biden.
There was ample evidence that Hunter and James Biden had been in the business of cashing in on their access to Joe Biden. And Joe Biden had helped them by showing up at restaurants and joining in the phone calls involving clients and business partners. Emails and testimony show that Hunter and James Biden traded on access to Joe, and Joe Biden, who had spent most of his life in politics, could not have been unaware of how family members were profiting from it.
But where’s the money?
In a 2019 text message, Hunter Biden wrote, “I hope you all can do what I did and pay for everything for this entire family Fro (sic) 30 years. It’s really hard. But don’t worry unlike Pop I won’t make you give me half your salary.” What did Hunter mean by that reference?
In September, the House Oversight Committee found that James Biden, Joe’s brother, had taken six figure loans from Americore: a company that was trying to turn around failing hospitals which had brought him in to monetize the Biden connection. On the same day that Americore wired $200,000 to James Biden’s bank account, he wrote a $200,000 check to Joe.
This alleged loan repayment was followed by another example uncovered more recently.
On July 30th, 2017, Hunter Biden angrily threatened his Chinese business partner in a WhatsApp message warning that, “I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled.” He further invoked his father to warn that, “I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction. I am sitting here waiting for the call with my father.”
In early August, the Chinese sent $5 million which was moved to a Hunter Biden company, $150,000 of which was sent to James Biden, and his wife Sara, and she moved $50,000 into a personal account and sent a $40,000 check to Joe Biden marked “loan repayment.”
A loan repayment may sound innocent but, together with the Hunter Biden text, may tell us how the Biden family business worked. Rather than directly investing in family enterprises, Joe Biden might have invested in the family members themselves in the form of personal loans. Those loans were used to finance new business opportunities that monetized access to Joe Biden. When payments came in, Joe Biden got his cut in the form of a “loan repayment”.
On the surface such an arrangement may have looked clean. Rather than sending money from shell companies to Joe Biden (a move that would have almost certainly set off a variety of red flags), the shell companies directed the money to entities controlled by other family members, they moved the money into personal accounts and then used those accounts to pay Joe Biden.
Were Joe Biden’s loans interest free? Considering that Hunter was complaining about family members paying half their salaries to his father, the interest free loan seems less likely.
While family loans have to be disclosed to the IRS, they don’t have to appear in federal disclosures. For example, the House Ethics Committee states that, “loans made by the filer on which the filer is charging interest must be disclosed, unless the borrower is the spouse, parent, sibling, or child of the filer.” Biden had found a way to take money and avoid disclosing it.
Shady loans have always been at the heart of Biden Inc. Hunter had taken in a $250,000 loan from China right before Joe Biden launched his presidential campaign. The debt, which listed Joe Biden’s home, was then transferred over to a lawyer he met at a fundraiser for his dad. In 2021, some unknown figure gave Hunter Biden a $2.6 million “loan” to cover his IRS tax bill. But Hunter isn’t actually paying that unknown someone’s loan back. At least not yet.
We don’t know where all the money comes from, but we have some insight into where it ends up
The best way to think about Biden Inc. is that Joe may have been ‘staking’ family members who then went out and used his name and even his personal appearances to do what he could not do personally. The product, as we have already learned from previous messages, was Joe Biden, but he was also the personal bank financing the familial exploitation of his office.
That may have been why the IRS whistleblowers revealed that they were banned from looking at Joe Biden’s financial affairs. The crucial interchange was taking place in the personal bank accounts which then may have laundered the cash sent to the shell companies.
Joe Biden’s actions could be seen as investing money in a family business, but the problem is that the family business was public office and that the method of investing it conveniently avoided scrutiny. By moving money from China through three shell companies followed by a personal account, Biden’s family members were disguising the origin of the money paid to Joe.
The next question to ask would be whether Joe Biden had formal family loan agreements and how many personal loans he had extended to family members. Those would be the questions that the media would be asking any Republican politician with a similar financial profile. Currently the media is stirring up speculation about Speaker Mike Johnson because he only has $1,000 in his personal bank account, but won’t ask Joe Biden about all those checks.
As the ‘Big Guy’ Joe Biden was informally the epicenter of a family business that he has claimed to know nothing about, but these payments show that he directly benefited from it.
When Joe Biden met his son’s clients or joined phone conferences, he stood to cash in on them. Whatever the nature of the loans and the terms of repayment, Joe Biden was aware that the ability of family members to pay him money depended on him making himself ‘available’. The loan repayments take Joe Biden’s personal interactions with family clients and business partners from a favor done for family members to a financial arrangement with family members.
We now know not only “where’s the money”, but a big part of how Biden Inc. worked.
Let us get this straight:
Climate Change is not only real, it constitutes a compelling national emergency that may require invocation of Martial Law.
Suggestions of Biden Acts of Corruption are a choreographed hoax.
Hardly.
Climate Change is a leftist SCAM. China continues to bring online dozens of coal fired power plants while paying the scumbag to throttle down those in the US. Some 1`200 climate scientists recently signed a letter asserting the Dem/leftist climate political hoax.
Your daddy, Biden, is in effect an Unregistered Foreign Agent.
That is CORRUPTION for willfully violating his Oath of Office.
Real documentation proves he accepted $6,000,000 for providing the China Intelligence Agency heavy influence on US policy.
Nevertheless, leftist mouthpieces like u, sir, will in all likelihood continue to propagandize the most corrupt Prez in US history in order to continue the leftist agenda. Damn fools, mensos.
Sid is using sarcasm.
The FBI, DOJ, MSM, and Democrats are resorting to the Schultz Plan: “I see nothing! I hear nothing! I know nothing!”
Biden hid in his basement doing and saying nothing. How then can you attack, NOTHING.
“NOTHING” is really a strategy of the Com-Left not putting anything on the net which can then be used against them in the future. So, the countless ALIAS which say what they want, incite what they want, but hiding their real identity.
BUT, when it comes to revealing the other side, they investigate and bombard their news coverage with non-stop attacks. “The World is on Fire BUT TRUMP TRUMP TRUMP!”
Oddly enough, the World IS on fire. It’s a fire started by leftists/Dems and their spox corporate media. At this point it appears that your worst dream, Trump, is the ONLY dude with sufficient honesty and the only real patriot available to stand up to the corruption and disrespect the left shows to the Constitution. Now you go back to the leftist Truth Agency to hunt those who differ with this Admin. Do forget to donate to your man Biden, he is going to need our help soon.
The absolute NEED to cheat in 2024 is evident – otherwise Joe gets IMPEACHED and GOES TO JAIL along with MANY of his CO-CONSPIRATORS! I do wonder if he will even survive till then, but the DEMOcrats will just put him on ice and run one of his lookalikes! If Joe goes down then the entire biden clan goes too – they are all connected through money laundering – we may need to pardon a bunch of Jan 6th prisoners to make room for the bidens!!
Yes, indeed.
It is truly warranted and must happen. Including all the lying culprits who committed sedition in the process. Hurry up January 20, 2025. Better start constructing some new high security prisons out in the middle of the Mojave Desert to house all the corrupt Dems, media, and rinos. Only a year to go to finally get some justice back.
All these loan repayments would mean that Old Joe, the poorest man in DC somehow had enough cash on hand to make those loans to his brother or sister-in-law. Where did that money come from, or were they just smoke and mirror loans? I guess that’s why they call it laundering.
20 LLCs, dozens of aliases, thousands of emails using all his aliases. Refusal to turn over all bank records while insisted Republicans do so – delightful to then learn they paid more than their fair share of fed taxes. The creep sniffer has had a 50-year gig of grift. Hopefully, it ends with him in federal prison for treason and selling us out to our enemies that have sword to destroy us. The creep’s removal of our border is in and of itself treasonous and a certified high crime that merits serious jail time.
It’s really something when his old customer fessed up on his with recorded messages. The fool is headed for justice finally. Twelve months to go.
Climate Change/Global Warming, Terrorists and the rest and the Useless Nations wont end this whole thing since Climate Change is a total scam their just using this to push for a Global Government under their total control since the Un was founded on a idea for a Global Government
It is unlikely Joe made loans to family members., so that the “loan repayments” were most likely Joe’s cut of the profits from influence peddling. To show these were real loan repayments, the House committee must examine whether Joe ever transferred personal funds to family members that were classified as loans. If not, Joe will have a tax fraud problem. His tax return for 2018 is now publicly available. The $200,000 wasn’t reported as income on that return. He must show this was an actual loan repayment to avoid tax fraud charges.
Yeah but no. The IRS won’t investigate a Dirtbagocrat.
Yeah, there are all kinds of angles with loan repayments and forgiveness. Joe may have hit on the biggest loophole of all.
Joe Biden receiving many “gifts” in the from of money and other things from Red China’s President Xi Jinping and other higher up of the China’s Communist party
About such corrupt activities, the Bible reads ” The wicked accept bribes in secret to pervert the course of justice.”
Proverbs 17:23. [N. I. V.]
So what did Joe Biden “do for the money”, surely no-one is stupid enough to give Hunter Biden 2.5 million just to be in Joe Biden’s company, idiots might find him interesting but 2.5 million is pushing it.
For the chinese to do anything with money it has to come out profitable for them, so what did Joe Biden do to get all that money, none of this has come out yet and it’s really a bigger issue than the cash …
Not just CCP bribes
Lots of angles involving loan forgiveness and repayment.
Yes, those Bidens are sneaky scumbags, aren’t they? Unctuous little cunts. They’d steal the sweat from a dead man’s balls.
Yeah, biggest loophole of all. Figure they would find it.
““Where’s the money?” Joe Biden asked after being accused of corruption.” Ooh, ooh, call on me. It’s “in” his $3,000,000 beach house in Rehobeth Beach, DE, for which he paid cash. And other places like his fully restored 1967 Corvette. FWIW, in my life I’ve had a number of loans. Not one of them had payments that came out to round numbers, what with interest and all. Let’s see the loan agreements. Let’s see the bank records for Joe showing he actually did loan money to his family members. This shouldn’t be hard. Let’s face it. This crook and his family were engaged in influence pedaling, bribery, money laundering, and tax evasion. FWIW, the whole idea of money laundering is to conceal the origin of the money and make it go from dirty (e.g., sale of narcotics” to clean (e.g., the proceeds from a restaurant linen supply or trash hauling business). That’s why it is called “money laundering.” Same thing here. The source of the money was the CCP, or Burisma, or Russian oligarchs, paid to buy influence, and “laundered” through family members and their numerous shell companies and accounts as phoney loan payments. It’s not rocket science, you know.