Where there are Bidens, there are shenanigans afoot.
“Hunter Biden profited from helping a Chinese firm acquire cobalt mines from an American company, according to a report released just days after President Joe Biden admitted the United States is ‘losing our edge’ on Communist China in control of the essential natural resource,” reported Breitbart News.
“We risked losing our edge as a nation, and China and the rest of the world are catching up,” Biden finally admitted.
“Communist China controls much of the raw minerals needed to create clean energy. A mineral named cobalt is specifically in high demand because it is used for the production of battery-powered vehicles. While electric cars are highly subsidized by the United States government in order to reduce ‘climate change,’ car manufactures must deal with China to obtain batteries made from cobalt,” reported Breitbart News.
The U.S. Geological Survey reports, “Cobalt is found in the Democratic Republic of Congo, where more than two-thirds of the world’s cobalt supply originates.”
American elites have allowed, if not enabled, Chinese-backed companies to buy “two of the country’s largest cobalt deposits over the past five years,” the New York Times reported.
“One of the those two companies is a private equity firm registered in Shanghai in which Hunter Biden reportedly owned a stake,” reported Breitbart News.
“The complex financial maneuvers have allegedly caught the eye of the FBI. In December of 2020, CNN announced the FBI had been investigating Hunter and his associates since 2018 for violating ‘tax and money laundering laws in business dealings in foreign countries, principally China, according to two people briefed on the probe,'” reported Breitbart News.
The investigation is reportedly still ongoing.
“Hunter’s business dealings have likely come at the expense of the United States. Instead of working to keep the United States in control of mines and natural resources across the globe, Hunter presumably divested the United States of energy resources by peddling his government connections,” Breitbart News reported.
To read more about the Bidens and how they can’t keep their hands clean, click here.