Vice President Joe Biden gave China a sweetheart deal in 2013!
The deal allowed China’s economy to be nourishing!
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According to the “fair deal”, China’s companies have access to the US markets, without the need to fully comply with some crucial US regulations.
And you know what happened just a few months afterward?
Hunter Biden received $1.5 billion from China!
But what happens now, when China’s economy is going down with the speed of light?
“Since 2013, Chinese companies have been allowed to participate in U.S. stock and bond exchanges without having to fully comply with the same Sarbanes-Oxley Act accounting practices and risk disclosure required of American companies,” Just The News reported.
“The concession was made in a little-noticed Memorandum of Understanding executed seven years ago by the Public Company Accounting Oversight Board (PCAOB), a nonprofit regulator empowered by the Sarbanes-Oxley law to ensure U.S. investors are protected from making bad investments because of faulty audits or financial information.
The agreement was reached in May 2013 after Chinese leaders pleaded for improved access to American capital markets in multiple meetings with then-Vice President Joe Biden, transcripts from the Obama administration’s archives show."
Furthermore, this "innocent unbiased contract" made a huge impact inside for the Biden family!
"In December 2013, Hunter traveled to Beijing aboard Air Force Two with his dad, VP Joe Biden. Coincidently (if you believe in coincidences) ten days later, “Hunter’s company, Rosemont Seneca, became a partner in a new investment company backed by the state-owned Bank of China.” They called the new company, Bohai Harvest RST (BHR)."
And now, China's market is imploding!
The key market and 25% of its GDP, the property investment market, is failing.
China has off-balance sheet liabilities in the trillions that are not accurately reported. This results in the fact that the entities involved in this business are underwater and failing!
So, the question is whether the US investors should pay for this?!