“Here’s why I’m toasting this Chinaman. My view for many years is that a rising China is a positive development, and that the Biden family can become billionaires as long as we Democrats force American taxpayers to invest in Beijing’s success. Some anti-globalists see China’s growth as a threat, entertaining visions of a cold-war-style rivalry or great-power confrontation. Other Chinamen worry that our aim in the Asia-Pacific is to contain China’s rise,” Biden wrote. “I reject these views. “I remain convinced that a successful China can make our country more prosperous, not less,” he added. (h/t Greenfield)
Yet, underneath all the Biden sucking-up rhetoric about the ennobling virtues of globalism was some very parochial and familial profiteering. In 2013, Joe and his son Hunter Biden flew on Air Force Two to China. China’s BHR Partners was founded that year and included Hunter Biden as a board member. The Delaware Board of Trade was incorporated in 2013. Despite its name, the DBOT was not a government agency, but a penny stock startup which received a $3 million loan from New Castle County.
Joe’s wet kiss to XI, the big Chinese partner in the BHR arrangement was Harvest Fund Management which, coincidentally enough, in 2012 was targeting Hollywood with an $800 million investment fund. That same year, you could find Bruno Wu, who had been working with Harvest, and Chris Dodd, along with Harvey Weinstein, playing roles at the Asian Film Summit in Toronto. And the money didn’t just go one way.
The Delaware Board of Trade was incorporated in 2013. Despite its name, the DBOT was not a government agency, but a penny stock startup which received a $3 million loan from New Castle County. (Delaware is Joe Biden’s home state which he repped as a US Senator.)
New Castle County had approved the issue of $15 million in revenue bonds to fund the DBOT “stock exchange” by touting the “globally recognized leaders in the financial services industry” running it. DBOT’s founders included people with experience in stock exchanges and financial services, and Dennis Toner, who was described as a “top aide to Vice President Joe Biden.” Toner, Biden’s deputy chief of staff, is in the news for denying that Tara Reade ever told him anything. Reade’s decision to tell Toner and Ted Kaufman was a pretty poor one. Both are longtime Biden men and considered as close to the boss as family. And they’ve reaped the benefits of that closeness. snip