by Zero Hedge Wed, 12/09/2020 – 22:25

Authored by Glenn Greenwald via greenwald.substack.com,

Hunter Biden acknowledged today that he has been notified of an active criminal investigation into his tax affairs by the U.S. Attorney for Delaware. Among the numerous prongs of the inquiry, CNN reports, investigators are examining “whether Hunter Biden and his associates violated tax and money laundering laws in business dealings in foreign countries, principally China.”

Documents relating to Hunter Biden’s exploitation of his father’s name to enrich himself and other relatives through deals with China were among the cache published in the week before the election by The New York Post — revelations censored by Twitter and Facebook and steadfastly ignored by most mainstream news outlets. That concerted repression effort by media outlets and Silicon Valley left it to right-wing outlet such as Fox News and The Daily Caller to report, which in turn meant that millions of Americans were kept in the dark before voting.

But the just-revealed federal criminal investigation in Delaware is focused on exactly the questions which corporate media outlets refused to examine for fear that doing so would help Trump: namely, whether Hunter Biden engaged in illicit behavior in China and what impact that might have on his father’s presidency.

The allegations at the heart of this investigation compel an examination of a fascinating and at-times disturbing speech at a major financial event held last week in Shanghai. In that speech, a Chinese scholar of political science and international finance, Di Donghseng, insisted that Beijing will have far more influence in Washington under a Biden administration than it did with the Trump administration.

The reason, Di said, is that China’s ability to get its way in Washington has long depended upon its numerous powerful Wall Street allies. But those allies, he said, had difficulty controlling Trump, but will exert virtually unfettered power over Biden. That China cultivated extensive financial ties to Hunter Biden, Di explained, will be crucial for bolstering Beijing’s influence even further.

Di, who in addition to his teaching positions is also Vice Dean of Beijing’s Renmin University’s School of International Relations, delivered his remarks alongside three other Chinese banking and development experts. Di’s speech at the event, entitled “Will China’s Opening up of its Financial Sector Attract Wall Street?,” was translated and posted by Jennifer Zeng, a Chinese Communist Party critic who left China years ago, citing religious persecution, and now lives in the U.S. A source fluent in Mandarin confirmed the accuracy of the translation.

The centerpiece of Di’s speech was the history he set forth of how Beijing has long successfully managed to protect its interests in the halls of American power: namely, by relying on “friends” in Wall Street and other U.S. ruling class sectors — which worked efficiently until the Trump presidency.

Referring to the Trump-era trade war between the two countries, Di posed this question: “Why did China and the U.S. use to be able to settle all kinds of issues between 1992 [when Clinton became President] and 2016 [when Obama’s left office]?” He then provided this answer:

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