In the land of the blind, a one-eyed man is king...
Posted on 05/29/2019 7:15:15 AM PDT by SeekAndFind
Recently, Democratic presidential contender Joe Biden said, "China is going to eat our lunch? Come on, man...they can't even figure out how to deal with the fact that they have this great division between the China Sea and the mountains in the east, I mean in the west." Biden continued, "They can't figure out how they're going to deal with the corruption that exists within the system. I mean, you know, they're not bad folks, folks. But guess what: they're not. They're not competition for us."
He might want to look for advice to former British prime minister Winston Churchill, who said, "You must look at the facts, because they look at you."
Here are the facts:
Over the past decade, annual US exports to China have risen from $69.5 billion to $120 billion.
Over the same period, Chinese exports to American have grown from $296 billion to $539 billion. Over the decade, the Chinese have sold us $4.4 trillion in goods and services, while we have sold China $1.1 trillion.
In 2018, China sold us $540 billion, while we sold the Chinese $120 billion, for a net deficit of $419 billion.
The net result has been a transfer of $3.3 trillion of wealth from America to China.
What are they selling us, and what are we selling them?
According to the U.S. Trade Representative Office:
The top US non agricultural export categories to China in 2018 were: aircraft ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).
(Excerpt) Read more at americanthinker.com ...
They do not come much dumber then Joe Biden is!!! Case closed.
SO, WHAT DOES AMERICA IMPORT FROM CHINA?
America’s top imports from China in 2018 were: electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion). U.S. imports of services from China were an estimated $18.4 billion in 2018, 5.5% ($963 million) more than 2017, and 68.3% greater than 2008 levels. It was up roughly 414% from 2001 (pre-WTO accession). Leading services imports from China to the U.S. were in the transport, travel, and research and development sectors.
Although media headlines are filled with the pain being suffered by America’s farmers as a result of the nation’s tussles with China, even if the US were to lose all $19 billion in agro exports to that nation, it wouldn’t make much difference in the processing of curing a $420 billion trade deficit. Top markets in 2017 for agricultural exports were: Canada ($20.5 billion), China ($19.6 billion) and Mexico ($18.6 billion).
In other words, We buy more toys and sports equipment from China ($27 billion) than the Chinese do in all farm products from us.
Yes, Joe, when you have FAILED at everything else, you become a DemocRAT. That way you have to say nothing, do nothing, produce nothing....of any positive consequence. Gonna run on that platform Joe???
He was likely distracted by some good looking female child.
DITTO
The Chinese have a fabulous way to deal with corruption.
If it suits the Chinese government, the corruption stays.
If it does not suite the Chines government, the corrupt person dies.
They have had millenia to perfect it, Joe. They have institutionalized it. It is part and parcel of their culture. It permeates every aspect of their life. It's 'figured in' in every transaction. They have made it a part of their life, as much as eating, drinking, breathing. They deal with it. And do it well.......................
GMTA.............
Imagine a US with no illegals working and no Chinese imports. All this stuff would have to be manufactured here. With no illegals to depress wages, wage rates would go through the roof.
I think Trump understands this.
Proving he is an idiot is like proving the sun exists.
It just does not need more proof.
But it is fun to read :)
Trust Joe Biden, Folks.
Because he called the Chinese folks, folks.
Folks, ya gotta trust a guy who talks like you folks.
He even drives a Chevy Folks wagon.
Seriously, folks.
He’s folksy. Especially to small girls, folks.
Filthy rich idiot.
Democrat, 2020 POTUS candidates, Buttheads & Buttholes...everyone of them. American voters vote against all Democrats for all they want is political power to control you and the entire nation. If they ever won the POTUS in 2020...you can kiss America and your freedoms and liberties and, equality and, opportunities goodbye forever!!! The current Democrat Party must be completely destroyed at the ballot box by the vast majority of American voters...period!!!
Even N. Korea know he’s as dumb as a box of rocks.
Appearing recently on the Fox News Channel’s The Next Revolution with Steve Hilton,
Donald Trump called for the Biden family to be investigated over their business links to the Chinese government
revealed in Secret Empires, the New York Times bestselling book by Government Accountability Institute president
and Breitbart News senior editor-at-large, Peter Schweizer. (Excerpt) Read more at breitbart.com ...
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Published May 19, 2019 By Shane Trejo
HAT TIP DAVE This helps to explain why Justin Amash’s DST went out of control this past weekend. Justin is up to his adam apple doing business with at least one ChiCom company. BIG LEAGUE TRADE: Justin Amash’s Business Interests in China Underscore His Push to Impeach Trump! It may be more than constitutionalism driving Amash’s dogged opposition to President Trump.
Rep. Justin Amash (R-MI) has become the darling of anti-Trump liberals following his declaration in favor of impeaching President Donald Trump yesterday. While Amash acts like his support of impeachment is rooted in constitutional grounds, there may be a financial motive to his opposition to Trump. It has been revealed that Amash has significant business interests in China that may be harmed by Trump’s ‘America First’ trade policies. In Amash’s financial disclosure forms for the year of 2015, he was shown as receiving up to $1 million in annual income due to his ownership stake in Michigan Industrial Tools (MIT). MIT is the parent company of Tekton Tools, Amash’s family business, that benefits directly from Chinese manufacturing.
An article from MLive in 2010 exposed Amash as being the co-owner of Dynamic Source International (DSI), a Chinese company that was once an MIT supplier. Amash’s family have been outspoken advocates of the globalist trade status quo for many years. “Trade with China is providing American consumers with good quality tools that could not be made for those prices in the United States,” said John Amash, Justin’s brother, who is President of Tekton Tools. The issue was a controversy when a Democratic opponent of Amash pointed out his Chinese business connections when the Grand Rapids Congressman initially ran for Congress in 2010 billing himself as a tea party advocate and Ron Paul Republican.
“The fact is, instead of making American-made products made by American workers, Justin Amash has chosen Chinese workers to make products which he then sells in America,” said Lonny Paris, who served as campaign manager in 2010 for Amash’s Democratic opponent Pat Miles Jr. With Amash becoming a more vicious opponent of Trump than even most Democrats, his business record is once again under scrutiny as it may be more than principled constitutionalism driving this ‘Never Trump’ leaders motives in leading the drive for impeachment.
https://www.google.com/search?
Why is Joe Biden so warm toward China? Last week, Biden raised eyebrows when he shrugged off concerns over the China threat. “Come on, man,” Biden said. “I mean, you know, they’re not bad folks, folks. But guess what, they’re not competition for us.”
Perhaps Biden’s insouciant attitude toward the Chinese government has to do with the fact that his family does not consider them competitors but business partners.
In 2013, then-Vice President Joe Biden and his son Hunter Biden flew aboard Air Force Two to China. Less than two weeks later, Hunter Biden’s firm inked a $1.billion private equity deal with a subsidiary of the Chinese government’s Bank of China. The deal was later expanded to $1.5billion.
In short, the Chinese government funded a business that
it co-owned along with the son of a sitting vice president. If it sounds shocking that a vice president would shape US-China policy as his son — who has scant experience in private equity — clinched a coveted billion-dollar deal with an arm of the Chinese government, that’s because it is. Until the publication of my book, “Secret Empires,” no one knew the deal took place. Indeed, it took me and a team of seasoned investigators nearly two years to unearth and report the facts.
Without the aid of subpoena power, here’s what we know. The businesses of Hunter Biden and his partners created a series of LLCs involved in multibillion-dollar private equity deals with companies owned by the Chinese government.
The centerpiece of these deals is Rosemont Seneca Partners, an investment firm controlled by Hunter Biden and his associates: Chris Heinz, who is John Kerry’s stepson, and Heinz’s longtime associate Devon Archer. The trio founded Rosemont Seneca in 2009 and quickly began making deals through a series of overlapping entities under the... (Excerpt) Read more at nypost.com ...
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During the Obama Admin, then-VP Joe Biden took his son Hunter on an official trip to China.
China then gave Hunter a billion dollar check for his equity fund followed by a second $500M check.... making it likely that Biden sold out the United States to China.
"Middle-class Joe," as he refers to himself has done very well in Democrat politics. And what was Obama's cut of the Biden deals?
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INSIDE THE SHADY PRIVATE EQUITY FUND OF BIDEN AND KERRY'S KIDS
EXCERPT--Peter Schweizer in his new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” details a number of ethical violations on both sides of the political aisle. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.
The two men became close while serving for several decades together in the US Senate. The two “often talked on matters of foreign policy,” says Jules Witcover in his Biden biography.So their sons going into business together in June 2009 was not exactly a bolt out of the blue. But with whom their sons cut lucrative deals while the elder two were steering the ship of state is more of a surprise.
What Hunter Biden, the son of America’s vice president, and Christopher Heinz, the stepson of the chairman of the Senate Committee on Foreign Relations (later to be secretary of state), were creating was an international private equity firm. It was anchored by the multi-million Heinz family alternative investment fund, Rosemont Capital. The new firm would be populated by political loyalists and positioned to strike profitable deals overseas with foreign governments and officials with whom the US government was negotiating.
Hunter Biden, Vice President Joe Biden’s youngest son, had gone through a series of jobs since graduating from Yale Law School in 1996, including the hedge-fund business. By the summer of 2009, the 39-year-old Hunter joined forces with the son of another powerful figure in American politics, Chris Heinz. Senator John Heinz of Pennsylvania had tragically died in a 1991 airplane crash when Chris was 18. Chris, his brothers, and his mother inherited a large chunk of the family’s vast ketchup fortune, including a network of investment funds and a Pennsylvania estate, among other properties. In May 1995, his mother, Teresa, married Senator John Kerry of Massachusetts. That same year, Chris graduated from Yale, and then went on to get his MBA from Harvard Business School.
Joining them in the Rosemont venture was Devon Archer, a longtime Heinz and Kerry friend. The three friends established a series of related LLCs. The trunk of the tree was Rosemont Capital, the alternative investment fund of the Heinz Family Office. Rosemont Farm is the name of the Heinz family’s 90-acre estate outside Fox Chapel, Pennsylvania. The small fund grew quickly. According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”The partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty. Of the various deals in which these Rosemont entities were involved, one of the largest and most troubling concerns was Rosemont Seneca Partners.
Rather than set up shop in New York City, the financial capital of the world, Rosemont Seneca leased space in Washington, DC. They occupied an all-brick building on Wisconsin Avenue, the main thoroughfare of exclusive Georgetown. Their offices would be less than a mile from John and Teresa Kerry’s 23-room Georgetown mansion, and just two miles from both Joe Biden’s office in the White House and his residence at the Naval Observatory. In short, the Chinese government was literally funding a business that it co-owned along with the sons of two of America’s most powerful decision makers.
--SNIP--rest at source
Chris Heinz (left) with John Kerry at a campaign fundraiser,
April 16, 2004./ Dennis Van Tine
Hunter and Dad, Joe Biden.
SOURCE http://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/
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Hunter Biden also had connections to jailed crook Allen Stanford
WSJ, By Susan Schmidt, Steve Stecklow and John R. Emshwiller, Feb. 24, 2009 12:01 a.m. ET
A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud.
The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors......--snip--rest at WSJ paywall
I’ve been calling him The Idiot Biden for some time.
He has a good excuse.
He’s brain damaged.
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