Posted on 10/23/2023 4:35:16 PM PDT by simpson96
Joe Biden has always been a man of mystery as to how he obtained his wealth, reportedly in the $90 million range.
He doesn't understand markets, so we know it wasn't his investment acumen. He's an expert at nothing and has never written a significant book anyone would want to read. We also know that he's not much of a public speaker, stumbling his way through speeches, so he probably couldn't make much on speaking fees, though that could be a disguised avenue of bribery, particularly if fees are inflated. Still, it wouldn't explain $90 million.
He's has been in public office for his entire working life, though, he has that, some fifty-plus years in the halls of power, so while he theoretically doesn't have time to amass wealth the way the private sector does, he somehow has anyway. Some have pointed to many political officeholders getting rich while in public office based on insider trading which until a few years ago was legal and even today isn't enforced well. But it's hard to think of Biden managing a stock portfolio with any expertise, the way, say, Paul Pelosi, husband of House Speaker Nancy Pelosi, can do.
(snip) it seems most likely he made it the old fashioned political way -- through naked political bribery.
According to the Daily Mail:
DailyMail.com has discovered that then-private-citizen Biden, who had spent virtually all his adult life in public service, bought [his Rehoboth Beach home in June 2017] for slightly under $2.75million – in cash.
And making the transaction even stranger it was within weeks of a highly questionable text that Hunter had sent to Runlong 'Raymond' Zhao, an associate at Chinese oil giant CEFC asking to seal a deal worth $10 million a year.
(Excerpt) Read more at americanthinker.com ...
N-i-c-e take.
Thanks Liz
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.