Kirsters Baish| The new book “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends” by Breitbart Senior Editor-at-Large Peter Schweizer debuted as #3 on Amazon’s bestseller list on Tuesday. Schweizer is a four-time New York Times bestselling investigative journalist. His new book exposes how top Republicans and Democrats have come up with what he calls “the new corruption.” This system allows Washington elites to use highly lucrative deals by pushing them through their family members.
The book has been thoroughly researched and includes important information about George Soros, Barack Obama, Tom Steyer, Penny Pritzker, etc… Four important names that are mentioned in the book re Joe Biden, Hunter Biden, Mitch McConnell, and Elaine Chao. They are said to have been involved in deals with China.
Schweizer wrote about five revelations involving China.
A New York Post piece explained that the book “Secret Empires” enters into a world that we were unaware of which involved Joe Biden making a deal with China. Schweizer wrote that in 2013, former Vice President Biden’s son Hunter’s firm signed a deal with a subsidiary of the Chinese government’s Banks of China… worth s billion dollars. The deal was made ten days after Joe Biden and his son flew to China on Air Force Two.
Schweizer explained how the deal went down:
“In December of 2013, Vice President Joe Biden flies to Asia for a trip, and the centerpiece for that trip is a visit to Beijing, China,” said Schweizer. “To put this into context, in 2013, the Chinese have just exerted air rights over the South Pacific, the South China Sea. They basically have said, ‘If you want to fly in this area, you have to get Chinese approval. We are claiming sovereignty over this territory.’ Highly controversial in Japan, in the Philippines, and in other countries. Joe Biden is supposed to be going there to confront the Chinese. Well, he gets widely criticized on that trip for going soft on China. So basically, no challenging them, and Japan and other countries are quite upset about this.”
Elaborating, Schweizer said, “Well, I think the reason he goes soft on China is because with him on that trip, flying on Air Force Two, is his son Hunter Biden, and ten days after they return from China, Hunter Biden — who has this small firm, he has no background in private equity, he has no background in Chinese finance — gets a whopping $1.5 billion deal from the Chinese government. This is the Chinese government giving Joe Biden and a [John] Kerry confidante the management over this money, and they made huge fees off of this money, and it’s an example of this kind of corruption. That’s the first of three major deals that the Chinese government does with people who are either the children — that is the sons — or close aides to Vice President Biden or Secretary of State John Kerry.”
Schweizer explained that Hunter’s firm gets $1.5 billion to invest, so they’re expected to invest in companies which would benefit the Chinese government. He challenged, “So just think about this for a second. This is the vice president of the United States whose father is supposed to be commanding American presence and power in the Pacific to deal with the rising challenge from China, and his son is investing $1.5 billion of Chinese government money. So what do they do? They invest in an American high-precision tools company called Henniges, which used to be owned by Rocket Company, but they produce anti-vibration technologies which have a dual-use application, so this transaction actually requires the approval of the federal government, as it has national security implications. So again, the vice president’s son is helping the Chinese government take over a dual-use military technology-related company called Henniges.”
“But it gets even worse because another investment that they make is in something called CGN—China General Nuclear—which is an atomic power company,” explained Schweizer. “They invest in this company in 2014. A year later, what happens? The FBI arrests and charges senior officials in this company with stealing nuclear secrets in the United States. Specifically, they’re trying to get access to something called the AP-1000 nuclear reactor that is very similar to the ones that we put on U.S. submarines. So again, you have the son of the vice president, a close aide to the secretary of state who are investing in a company that is trying to steal nuclear secrets in the United States. It’s a stunning story, and here’s the thing: none of this is required to be disclosed because they’ve figured out a way to get around these disclosure laws.”
The book clearly states that in 1993, after Mitch McConnell and Elaine Chao got married, McConnell along with his father in law, James Chao, went to China. Chao owns Foremost Group (a shipping company).
“McConnell’s rhetoric and policy toward mainland China softened in the decades that followed,” wrote Schweizer. He then cited multiple policy examples. “As McConnell gained political weight on Capitol Hill and his position toward China softened, the Chao family saw its business ties with the Chinese government increase dramatically—to their financial benefit.”
The Wall Street Journal reported last week about the book’s revelation that the corrupt communist Chinese government’s Bank of China made Angela Chao (McConnell’s sister-in-law) part of the board of directors.