Peter Schweizer - How China Buys Off Our Elites

talk toim about it now. Peter, Great to have you on the show.

in Singapore. And the idea is pretty simple. Rather than go to toe toe to toe with countries and have confrontations, you basically buy off their political elites, and you do that by giving commercial deals to their family members. And it's working very, very well in the United States. It includes people on both sides of the isle, and it includes some of the biggest names in Wall Street and Silicon Valley as well.

ideologically motivated. Usually with China. If they can give people millions and millions of dollars and they're not going to jail for it, I feel like that's a lot more problematic for us because it's a much more persuasive bargain and therefore gives them much greater leverage to undermine the US from within.

very very effective. And where there are people that are so wealthy, like Bill Gates, who don't necessarily need money from China. They appeal to their sense of value as a world leader. So a guy like Bill Gates, you're not going to necessarily get by some commercial deal because he's already worth one hundred billion dollars. But you can name him one of the fifty most influential people in Chinese history, right next to Karl Marx and Mao, and you can give him awards, and President g will shower

him with attention when he shows up. So they're very good at taking our weaknesses, taking perhaps some of our sins or sinful nature, and using it to their strategic advantage. And they've been masterful at it. And as you point out, not really any of this is illegal, which is what makes it so challenging.

whole different ballgame. Give us some sense of who who's involved in this in a way that when you were doing your research for Red Handed, the book that everybody should check out get a copy of right now, how American elites helped get American elites get rich helping China win. Who's involved in this that was a little surprising, or their involvement in getting rich from China was so egregious that you had to say to yourself, is this really what's going on?

largest hedge fund in the world. Ray Daalio in twenty seventeen wrote this glowing book called Principles Ironically, and in that book he describes a gentleman from China who's had this profound effect on him, and he writes glnely for seven pages, how Wonki Sean has been this remarkable force for good on a global scale. He talks about him as this sort of philosophical giant that's unlike any leader that we've had in the last one hundred years, and

he just gushes on and on and on. So I'm thinking, who is this guy, Wonky Sean? I look it up, and of course he is She's enforcer. The Economist magazine calls him the most feared man in China, because if you get disappeared in China, Wonkyi Sean is the guy that makes it happen. And so I thought to myself, what prompts a guy like ray Daalio, who's clearly smart. He can go and look at what the Economist says

about this guy. Why is he gushing on and on and on for seven to ten pages about how wonderful this person is as an individual. Well about a year after he publishes the book, Wonky Sean is the Chinese official that approves his company, Bridgewater Associates, to become the first Western financial firm to offer hedge front products to

the average person in China. So, to me, that is a classic example of the appalling lengths to which people are willing to go in order to cash in before I go to the I'm trying to hold myself back here a little bit on the political want.

with Chinese state media and other entities. And while people are familiar with sort of the kerfluffel in twenty nineteen when the Houston Rockets general manager, you know, stood up for the freedom protesters in Hong Kong and Lebron James told him he was uneducated, his appeasement of China actually goes back a lot longer than that, which is one

of the things that was surprising. In two thousand and eight, there was a big petition drive in the NBA concerning Darfur, Sudan, where there were millions, sorry, hundreds of thousands of black Christians being massacred in Sudan. The government was backed by the government of China, and so the petition drive called for a condemnation of the Chinese government backing a government

that was massacring hundreds of thousands of black Christians. The petition went around the NBA, A lot of people signed it. One of the people who did not sign it was Lebron James, and the reason was that he even then had clear signs and designs on expanding his business empire into China. And that's why to this day he will not criticize China and is an example to me of

this kind of sellout mentality. So you have, in this case an athlete who talks about black lives matter, but apparently these two hundred thousand black lives in South Sudan did not matter because the people that were perpetuating the massacre were people that were also paying him money.

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had that reputation for a long time. That started to change in the two thousands, and it changed critically around on the two thousand and eight Olympics because her husband, Paul Pelosi, was the owner of a luxury limousine company and they were sought out and offered and given an exclusive, very nice contract to deliver VIPs in Beijing as part of the Olympics. And that was the beginning of the commercial ties that started to exist between the Pelosis and China.

They took a big stake in several China investment funds. Nancy Pelosi's son made several trips seeking business deals in China and secured some there. So Pelosi has kind of reversed course. And while she does things like take these trips to China, sorry to Taiwan that was so high profile, her general posture towards China is exactly what Beijing wants.

And this is really important. Buck what the Chinese are looking for from elites that they capture is not sort of a robotic the CCP is great, we love Mao. They describe it as big hell help with a little bad mouth. In other words, they want help on the big things that matter, which is trade policy, military policy, not calling them out for COVID, those sorts of things. If you ding them on human rights, if you say

Taiwan's a great place, they'll live with that. So Nancy Pelosi is absolutely a captured elite, and you see this dramatic change in her posture that begins to happen when her family starts securing commercial deals in China.

The Chinese government said to the Chow family, Hey, tell you what. We will build the ships for your shipping business. We'll finance the construction with state owned banks, we'll provide all the crews, we'll give you all the contracts to ship those goods around the world. The Chow family said, yes, absolutely,

we're on board, and the business grew exponentially. A problem is now that it's generally acknowledged that if Mitch mcconough were to lay down the gauntlet on China on these issues again big help with a little bad mouth, they'll tolerate some criticism. But if he were to lay down the gauntlet, the Chinese could destroy the family shipping business overnight.

That has a massive detern effect, and I think that's the reason we don't see too many people defect once they've been captured by the Chinese.

You look at some of the other businesses that the Chinese State Shipbuilding Corporation has started. That's the biggest military contractor in China. When they launched those businesses, they put Mitch McConnell's father in law and sistern law on the board of those entities. So yeah, I think it's very

very hard for him to extricate himself. Again, he will be critical of the Chinese, but when push comes to shove on these issues, he will not push and support legislation that will sort of lay down the gauntlet, whether it's on COVID or national security issues.

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That's the first thing that you have to understand. The second thing is the flow of money from China began when Joe Biden became Vice President of the United States and shortly after Barack Obama anointed him publicly is the point person on policy towards China. That's when this bigot began to open. And if you look at the emails, the laptop emails, you find that some thirty one million dollars has flowed to the Biden family based on the

wire transfers and the communication and the emails. But I think the most troubling part of this buck and I think you know, with your background you'll appreciate this perhaps more than anyone, is you can identify the four people I'd name them in the book, the four people that made it rain for the Bidens in China. Each one of those four has ties to the highest levels of Chinese intelligence. So for example, Chai Feng, he got that

BHR private equity deal. It's worth about twenty million dollars to Hunter Biden at the same time that Chae Feng secured that deal for Hunter Biden, he was business partners with the Vice Minister of State Security in China, the vice of State Security responsible for the recruitment of foreign

nationals to spy for China. If you look at Henry Jao, who transferred six million dollars to Hunter Biden at the same time he made that happen, he was business partners with the family of the former head of the Ministry of State Security. All four of the people that sent money to the Bidens, again with no underlying business, no service or product in return for that money. Each one

of those individuals was tied to Chinese intelligence. That in my mind is not a coincidence, and I think we have to stop looking at the Biden situation not as just corruption. This is a foreign intelligence operation. This is a Chinese effort to capture America's first family, and I believe they have successfully done so.

And then we have this BHR private equity deal. We don't know the valuation of it, but the University of Chicago Business School did an estimate and said that his stake, which he was given by the Chinese government was about worth about twenty million dollars. So there's thirty one million dollars right there. That doesn't include other deals that we

know of, but we don't know the dollar amounts. And I think that thing we have to remember with this Congressional committee, the Oversight Committee, is they've gone through four of twelve banks that the bidens used for the transference of this money. So they have the total at eleven million right now. That number is going to continue to go up, and I think it's going to probably ultimately surpass thirty one million dollars.

is just a legalized bribe. The same way that you know, if I were if I were in public office and all of a sudden my wife was a painter and people were buying her paintings for a million dollars apiece out of nowhere, that's a brillact, right, I mean, this is this is very and Hunter Biden's actually doing that, which is what I.

unquote joint ventures that never appear. So Henry Jao transfers five million dollars to Hunter Biden in twenty fifteen to four a quote unquote joint venture. Does a joint venture ever emerge? No, it does not, And the money goes into Hunter Biden's personal pocket. It does not go into

a business account. When the when the House Overside Committee released their recent report, Hunter Biden's reaction when they disclosed that, you know, millions of dollars had flowed to him from this energy company, he said that that money was a good faith seed money. I don't know what that means, and I don't know why good faith seed money going into a business ends up going into the pockets of family members rather than actually of the underlying business itself.

So the subterfuge is joint ventures partnerships, but they never emerged, they don't exist, and there, as you said, just to cover for the transfer of money to the Biden family.

been in venture capital meetings. I've you know, if you just said, hey, give me twenty million bucks for a joint venture TBD, I mean, people would think you were out of your mind. I mean they would think that there was something truly wrong with you. But not if you're Hunter Biden. And I think it's remarkable that this is where we are and the pollution of both parties that's occurred is really stunning. Peter, I want to come back and ask you, what is the what is the

cleanup process to this? If we were willing to do it as a country, what does that look like? But before we get there, you know, I recently heard from a listener to the radio show who's traveling on airplanes constantly, and he said, look, I made the ultimate business travel move. Left his laptop behind the airport security line. Now you leave it behind, and now what do you do? You freak out right because he doesn't find out to the lands of the next destination. Is he ever going to

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Think about it this way, Buck, Joe Biden has to disclose every two hundred dollars campaign contribution that he gets, he has to disclose every thousand dollars in ge stock or whatever he has in investments. But if his son goes off and secures private equity deals with the Chinese government with twenty million dollars where he has no expertise, doesn't do anything for the money, there's no disclosure requirement. So that's absurd. So we have to change the disclosure laws.

I think if you have a if you are in government, elected or unelected at senior level, you have to disclose if your family members have commercial ties with China or other state back companies. That's the beginning of the process. But I think the Bidens will be a test case. And I think the fact that Joe Biden had to commit in twenty twenty to no more foreign deals, and I think so far he seems to have honored that is an indication that people know how unpopular this is.

So this Congressional Oversight Committee investigation of the Bidens is key, and it's important it needs to be disclosed. When people say is going to end in a prosecution, I don't know if it is or not, but the American people need to know what the first family's commercial ties are to China and it needs to be pounded into them, and that I think is the beginning of the process, and I feel like it's starting to turn. I just

saw a Harvard poll that came out. It showed sixty three percent of independence believe that the Biden's engaged in illegal influence pedaling during his vice presidency. That's among independence. Among Republicans is even higher. So it indicates that attitudes are starting to shift on this. He's in it.

I'm sure you remember this too, right, like just the notion that there were foreigners going to the Trump hotel in DC to buy you know, the hanging bacon they used to have there with a little blow towards I won a few times and the cheeseburgers. That was a violation of the emolument's clause. Joe Biden's son is a bag man walking around the globe to the worst. You know, our biggest Ukraine. Oh, cand you talk about that first. We didn't get into that, did you. Well what's the Ukraine?

I mean, we all know Barisma, but remind everybody would have it with Barisma and Hunter.

State Department cable as somebody involved with Russian organized crime. So, I mean, this is the thing people have to realize. With the Bidens, their quote unquote global business did not include companies in Tokyo, companies in Berlin or London. They went to Ukraine and China, which were the two countries that by the way, were Joe Biden's portfolio as vice president of the United States, and then they went to Romania and Russia. This is where they found their business partners.

So it is a consistent example. And the notion that somehow, well, that's Hunter Biden's business, Joe Biden was not involved is also laughable because the target of the money was Joe Biden via his son. That's why these foreign entities were paying Hunter. And there's evidence in the laptop that, in fact, Hunter Biden was providing funds to his father as vice president, which is not legal. He was subsidizing his lifestyle. So Joe Biden himself was a beneficiary of this foreign money

that was flowing to Hunter Biden. So you are quite right this notion of double standards. I believed at the beginning of the sort of Russia Gate collusion investigation it ought to be looked at because it was so shocking, and then we realized it was nothing behind it. But the fact that Democrats in the left have resisted investigating the bidens, to me is just appalling, and I think it is going to really damage the reputation of the mainstream media as this information continues to spill out.