May 25, 2023 • 30 mins
Peter Schweizer is an Investigative journalist and author.
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Speaker 1 (00:11):
You're listening to The Buck Sexton Show podcast, make sure
you subscribe to the podcast on the iHeartRadio app or
wherever you get your podcasts. Hey, everybody, welcome to the
Buck Sexton Show. On this episode, we have the one
and only Peter Schweitzer. You will know him from his
many best selling books. He's an investigative reporter and author.
(00:32):
His latest book, Red Handed, How American Elites Get rich.
Helping China win is really important and I'm excited to
talk toim about it now. Peter, Great to have you
on the show.
Speaker 2 (00:44):
Great to be with you, Buck, Thanks for having me.
Speaker 1 (00:46):
So just give everybody if we could start this because
you know, we're going to talk Biden and we're going
to get into some of that, and we're going to
talk about some of the specifics here of individuals who
it seems we're willing to certainly sell themselves, if not
sell out their country a little bit on behalf of
the Chinese Communist Party. Give us a sense of the
(01:06):
scope of the problem.
Speaker 2 (01:09):
Yeah, the scope of the problem touches basically all the
corners of America, Washington, d C, Silicon Valley, and Wall Street.
And it's predicated on a very simple idea that the
Chinese have, which they call elite capture. They've used it
in New Orleans, sorry, New Orleans. They've used it in
New Zealand. They've used it in Australia, they've used it
in Singapore. And the idea is pretty simple. Rather than
(01:30):
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.
Speaker 1 (01:50):
So give me some you know, we're, like I said,
we're going to get to the Biden component of this,
but it's a lot more than that in China's efforts
to undermine the United States from within, and a lot
of ways I find even more frightening, Peter than some
of the you know, the Soviets were relying on ideological
(02:11):
fellow travelers comrades.
Speaker 2 (02:13):
Right.
Speaker 1 (02:13):
For the Soviets, it was this false promise of a utopia.
Find some malcontent in America who thinks that eventually he'll
be greeted you know, it's back in the in the
fifties and the sixties, the seventies, he'll be greeted as
a hero. There were the occasional whether you know, an
FBI turncode or somebody who was doing it just for
the money, but you know, usually the money is not
(02:33):
that good and if you get caught, you're gonna go
to prison forever. Right, So it was people that were
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
(02:55):
US from within.
Speaker 2 (02:57):
No, I mean, this is a key point, Buck. We've
never faced anything like this, and you're correct. I mean
the Soviets others like the Cubans use an ideological appeal,
or they find somebody that's got personal financial problems that
needs election the extra cash. What the Chinese do is
they appeal to our sense of capitalism, they appeal to
our sense of friendship, and they embrace it. And it's
(03:21):
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
(03:42):
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,
(04:04):
not really any of this is illegal, which is what
makes it so challenging.
Speaker 1 (04:08):
Right, you take a suitcase full of money to give
the names of you know, US agents operating in let's
say the Soviet Union. It's treason and you know you
could even get the death penalty for this, right, I mean,
you're you're in a whole hell of a lot of trouble.
You get millions of dollars for consulting from China, because
(04:30):
you're some kind of you have some kind of business
interest in that country, or they're going to pay you
for your expertise. That's just capitalism, baby, right, that's a
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
(04:51):
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?
Speaker 2 (05:09):
Good question. Well, I'll give you a couple of examples.
One that was particularly appalling to me. I think it's
an illustration of what selling your soul looks like. Is
a Wall Street Titan named Ray Dalio. Ridgewater Associates the
largest hedge fund in the world. Ray Daalio in twenty
seventeen wrote this glowing book called Principles Ironically, and in
(05:30):
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
(05:50):
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.
(06:11):
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
(06:34):
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.
Speaker 1 (06:49):
I want to know the full everything you got on Biden,
everything you got on Pelosi when it comes to this stuff.
I think's interesting though, on the cover of your book
Red Handed, Lebron James is there. How does Lebron James
find himself on the cover of a book about people
selling out to China?
Speaker 2 (07:07):
Well, it's interesting. Lebron James actually probably make some more
money from his deals in China that he does in
the United States, and he has some very lucrative deals
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
(07:27):
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
(07:49):
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
(08:13):
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
(08:35):
massacre were people that were also paying him money.
Speaker 1 (08:39):
I want to come back now. I'm going to allow
myself to start asking some of the political questions that
I held back as long as I could. But first
I want to tell everybody at home, please, if you're
watching this on YouTube, make sure you subscribe because we
have a whole lot more YouTube interviews like this that
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Also are going to have some of my rants, some
monologues will be appearing here on the channel going forward,
(09:01):
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or two eight two five. All right, Peter, so we
know that the bidens we're going to build up to.
That one got a lot of money from China. What's
the Pelosi China connection? Yeah, this is very interesting.
Speaker 2 (10:41):
I mean Nancy Pelosi, when she came into Congress in
the late eighties, was actually very anti CCP. She at
one point in the nineteen nineties was part of this
congressional delegation that showed up and tried to unfurl a
banner on Taneman Square and the Chinese police kind of
went answer after a congressman Pelosi and took it away,
(11:02):
and it was sort of this big incident, and she
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,
(11:23):
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
(11:46):
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.
(12:08):
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
(12:30):
dramatic change in her posture that begins to happen when
her family starts securing commercial deals in China.
Speaker 1 (12:37):
Can you also give us a sense for these elites
on the political side or on the corporate side of
the downside, if you will financially of crossing China, How
on it are they right? I mean, are there examples
that you came across with this where someone either broke
from the line that Beijing wants or refused to play
(13:00):
the game that Beijing was trying to dictate to them
and they got hit.
Speaker 2 (13:06):
Well, the most dramatic examples would be in Hollywood, guys
like Richard Gear and Brad Pitt, who did movies that
were favorable towards the Dali Lama or Tibet and they
cannot get any of their films distributed in China, which
is a huge limitation in the political world. In the
corporate world, it generally doesn't happen. If you look at
(13:28):
Mitch McConnell, for example, his wife Elaine Chow, they have
a shipping business that really beginning in nineteen ninety three.
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,
(13:51):
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.
(14:11):
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.
Speaker 1 (14:20):
Did you think it's fair to say at this point,
I mean, do you feel like we can't trust the
Senate majority leader on issues related to China because of this?
I mean, is he compromised?
Speaker 2 (14:31):
I think he is. Yeah. I mean, look, the family
shipping business is now enormously successful. They're highly dependent on
the Chinese. His father in law gave him a gift
of I think twenty five million dollars sort of a
friendship gift to his son in law that directly came
from the shipping business. And you look at the other
members of the Chow family. His in laws. Angela Chaw,
(14:53):
who's Lane Cho's sister, sits on the board of directors
of the Bank of China, which is the state owned bank.
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
(15:14):
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.
Speaker 1 (15:32):
Yeah, I get this sense that you hear a lot
of talk about standing up to China, and you hear
from Republicans and Democrats now and then I always wonder
how right like what this is, and I feel like
this is now the expectation. It's, oh, you know, we're
gonna sure, we're gonna do so much much China. But
the Chinese know, as long as everything stays as it
really is, nothing really changes for them. We're going to
(15:54):
get into Biden here in just a second. But first off,
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(16:17):
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(17:00):
Disruption twenty twenty three dot com. All right, Peter, the
Biden crime family and China, tell me what I need
to know?
Speaker 2 (17:12):
Well, I think what you need to know first off
is that, in contrast to the McConnell's or even others
like you know, the the Trump family who has had
commercial ties in China, the Bidens don't actually have an
underlying business. You know, the Kushners have real estate that
you know, Avanka Trump had her shoes made in China,
but she actually had a shoe line. Mitch mcconnald's company
(17:32):
actually has a shipping company. The Bidens don't have a business.
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,
(17:54):
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
(18:15):
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
(18:35):
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
(18:58):
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
(19:22):
a Chinese effort to capture America's first family, and I
believe they have successfully done so.
Speaker 1 (19:29):
How much money went from anything connected to a Chinese national, okay,
any bank and he to Hunter Biden directly, Like, do
we have an aggregate total?
Speaker 2 (19:43):
Yeah? Yeah, so we know that there was six million
sent to him by chairman Yee. That's the CEFC Energy company.
Before he ended up CEFC, he was the head of
a Chinese military intelligence operation that was exactly so he
sent six million dollars to Hunter Biden. We know that
(20:04):
Henry Jauss sent five million dollars. He's the guy that
was the partners with the former Minister of State Security.
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
(20:27):
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
(20:47):
go up, and I think it's going to probably ultimately
surpass thirty one million dollars.
Speaker 1 (20:52):
What is that money supposed to be for? You know,
I often make jokes. This is true, by the way, Peter.
You know, back in the day when when they actually
would allow Republicans or conservatives to go on CNN and
argue with people, I would point out to them about
the Hillary Clinton Foundation, which I know you've done a
lot of work in the Clinton Foundation, that at some
point paying someone eight hundred thousand dollars for a speech
(21:14):
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.
Speaker 2 (21:31):
Think is so amazing.
Speaker 1 (21:32):
I mean, he's selling these paintings for fifty thousand dollars apiece.
What is the money that went from China to the
Biden interest supposed to be for? Like, what's the cover story,
if you will? And is it illegal? You know that's
always it's gross, But is it illegal? Yeah, that's a
great question. I'm not a lawyer on the legal part.
(21:55):
I would just say if it's not illegal. It should
be because I.
Speaker 2 (21:59):
Mean, do we really want do we really want to
live in a country where the President of the United States, family,
the Secretary of Defense, the Senate Majority leader, their family
can go to China and just scoop up gobs of
money and they could say, well, it's not illegal, everything's fine.
Nothing to see here. I don't think anybody wants to
live in that country. So the legal part I'll set aside.
But you know, if you look at these emails and
(22:20):
you look at the communications, this money is for quote
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
(22:40):
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
(23:01):
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.
Speaker 1 (23:19):
Yeah, so effectively, if if I told somebody, you know,
if my dad was the president, and I said, you know,
I'm a I'm a world class chocolate chip cookie maker,
and so my cookies are worth a million dollars each,
you know, people are supposed to accept that that's they're
paying for the cookies, right, joint venture Like, I've tried
(23:39):
to raise money for things before, I've been in I've
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
(24:02):
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
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(24:24):
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(25:29):
So how do we clean up the mess of China
making so many of our elites red handed the title
of Peter's excellent book by paying them off in various ways?
What does that look like, Peter?
Speaker 2 (25:40):
I think it begins with public shame. I think shame
still works. And I think you're starting to see already
that Apple and some of the big tech companies realize
that this sort of panda embrace that they've had is
not popular. So Apple's starting to ship shift its subproduction
of iPhones to India. That's going to take a while.
I think in Washington, d C. It begins with disclosure.
(26:01):
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.
(26:24):
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
(26:45):
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
(27:06):
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.
(27:31):
Among Republicans is even higher. So it indicates that attitudes
are starting to shift on this. He's in it.
Speaker 1 (27:37):
And also remarkable, I'm sure Peter that you haven't had
for your research on this, particularly as it pertains the Bidens.
But you point out, Mitch McConnell, Trump's a business interest,
but it doesn't you know, I don't think that leveraging
Ivanka's shoeline being made in China was going to change
the trajectory of Trump foreign policy, to be fair. But
I remember the Washington Post writing pieces about the emolument's clause.
(28:03):
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
(28:23):
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.
Speaker 2 (28:34):
Well, the thing with Hunter is it's a veritable United
Nations of corrupt people. I mean it's China, it's Ukraine,
the energy company Barisma, which you know was giving him
a million dollars a year, something he didn't know about.
Let's also remember that he was working for Elena Boderina.
She sent three point five million dollars to him. She
was the wife of the former mayor of Moscow, who
(28:55):
was by the way, identified in Wiki leaks in a
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
(29:17):
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
(29:39):
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
(30:00):
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
(30:22):
mainstream media as this information continues to spill out.
Speaker 1 (30:26):
The book is red handed how American elites get rich
helping China win. Peter Schwitzer always appreciate your work man.
Thank you so much for being here with us. And
if you happen to write another book, you need to
come back on the program and tell us about it.
What do you say?
Speaker 2 (30:41):
I would love it, Buck, Thanks, it was a great time.
Thankks so much.
You're listening to The Buck Sexton Show podcast, make sure
you subscribe to the podcast on the iHeartRadio app or
wherever you get your podcasts. Hey, everybody, welcome to the
Buck Sexton Show. On this episode, we have the one
and only Peter Schweitzer. You will know him from his
many best selling books. He's an investigative reporter and author.
(00:32):
His latest book, Red Handed, How American Elites Get rich.
Helping China win is really important and I'm excited to
talk toim about it now. Peter, Great to have you
on the show.
Speaker 2 (00:44):
Great to be with you, Buck, Thanks for having me.
Speaker 1 (00:46):
So just give everybody if we could start this because
you know, we're going to talk Biden and we're going
to get into some of that, and we're going to
talk about some of the specifics here of individuals who
it seems we're willing to certainly sell themselves, if not
sell out their country a little bit on behalf of
the Chinese Communist Party. Give us a sense of the
(01:06):
scope of the problem.
Speaker 2 (01:09):
Yeah, the scope of the problem touches basically all the
corners of America, Washington, d C, Silicon Valley, and Wall Street.
And it's predicated on a very simple idea that the
Chinese have, which they call elite capture. They've used it
in New Orleans, sorry, New Orleans. They've used it in
New Zealand. They've used it in Australia, they've used it
in Singapore. And the idea is pretty simple. Rather than
(01:30):
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.
Speaker 1 (01:50):
So give me some you know, we're, like I said,
we're going to get to the Biden component of this,
but it's a lot more than that in China's efforts
to undermine the United States from within, and a lot
of ways I find even more frightening, Peter than some
of the you know, the Soviets were relying on ideological
(02:11):
fellow travelers comrades.
Speaker 2 (02:13):
Right.
Speaker 1 (02:13):
For the Soviets, it was this false promise of a utopia.
Find some malcontent in America who thinks that eventually he'll
be greeted you know, it's back in the in the
fifties and the sixties, the seventies, he'll be greeted as
a hero. There were the occasional whether you know, an
FBI turncode or somebody who was doing it just for
the money, but you know, usually the money is not
(02:33):
that good and if you get caught, you're gonna go
to prison forever. Right, So it was people that were
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
(02:55):
US from within.
Speaker 2 (02:57):
No, I mean, this is a key point, Buck. We've
never faced anything like this, and you're correct. I mean
the Soviets others like the Cubans use an ideological appeal,
or they find somebody that's got personal financial problems that
needs election the extra cash. What the Chinese do is
they appeal to our sense of capitalism, they appeal to
our sense of friendship, and they embrace it. And it's
(03:21):
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
(03:42):
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,
(04:04):
not really any of this is illegal, which is what
makes it so challenging.
Speaker 1 (04:08):
Right, you take a suitcase full of money to give
the names of you know, US agents operating in let's
say the Soviet Union. It's treason and you know you
could even get the death penalty for this, right, I mean,
you're you're in a whole hell of a lot of trouble.
You get millions of dollars for consulting from China, because
(04:30):
you're some kind of you have some kind of business
interest in that country, or they're going to pay you
for your expertise. That's just capitalism, baby, right, that's a
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
(04:51):
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?
Speaker 2 (05:09):
Good question. Well, I'll give you a couple of examples.
One that was particularly appalling to me. I think it's
an illustration of what selling your soul looks like. Is
a Wall Street Titan named Ray Dalio. Ridgewater Associates the
largest hedge fund in the world. Ray Daalio in twenty
seventeen wrote this glowing book called Principles Ironically, and in
(05:30):
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
(05:50):
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.
(06:11):
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
(06:34):
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.
Speaker 1 (06:49):
I want to know the full everything you got on Biden,
everything you got on Pelosi when it comes to this stuff.
I think's interesting though, on the cover of your book
Red Handed, Lebron James is there. How does Lebron James
find himself on the cover of a book about people
selling out to China?
Speaker 2 (07:07):
Well, it's interesting. Lebron James actually probably make some more
money from his deals in China that he does in
the United States, and he has some very lucrative deals
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
(07:27):
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
(07:49):
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
(08:13):
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
(08:35):
massacre were people that were also paying him money.
Speaker 1 (08:39):
I want to come back now. I'm going to allow
myself to start asking some of the political questions that
I held back as long as I could. But first
I want to tell everybody at home, please, if you're
watching this on YouTube, make sure you subscribe because we
have a whole lot more YouTube interviews like this that
will be coming up in the weeks and months ahead.
Also are going to have some of my rants, some
monologues will be appearing here on the channel going forward,
(09:01):
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or two eight two five. All right, Peter, so we
know that the bidens we're going to build up to.
That one got a lot of money from China. What's
the Pelosi China connection? Yeah, this is very interesting.
Speaker 2 (10:41):
I mean Nancy Pelosi, when she came into Congress in
the late eighties, was actually very anti CCP. She at
one point in the nineteen nineties was part of this
congressional delegation that showed up and tried to unfurl a
banner on Taneman Square and the Chinese police kind of
went answer after a congressman Pelosi and took it away,
(11:02):
and it was sort of this big incident, and she
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,
(11:23):
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
(11:46):
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.
(12:08):
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
(12:30):
dramatic change in her posture that begins to happen when
her family starts securing commercial deals in China.
Speaker 1 (12:37):
Can you also give us a sense for these elites
on the political side or on the corporate side of
the downside, if you will financially of crossing China, How
on it are they right? I mean, are there examples
that you came across with this where someone either broke
from the line that Beijing wants or refused to play
(13:00):
the game that Beijing was trying to dictate to them
and they got hit.
Speaker 2 (13:06):
Well, the most dramatic examples would be in Hollywood, guys
like Richard Gear and Brad Pitt, who did movies that
were favorable towards the Dali Lama or Tibet and they
cannot get any of their films distributed in China, which
is a huge limitation in the political world. In the
corporate world, it generally doesn't happen. If you look at
(13:28):
Mitch McConnell, for example, his wife Elaine Chow, they have
a shipping business that really beginning in nineteen ninety three.
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,
(13:51):
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.
(14:11):
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.
Speaker 1 (14:20):
Did you think it's fair to say at this point,
I mean, do you feel like we can't trust the
Senate majority leader on issues related to China because of this?
I mean, is he compromised?
Speaker 2 (14:31):
I think he is. Yeah. I mean, look, the family
shipping business is now enormously successful. They're highly dependent on
the Chinese. His father in law gave him a gift
of I think twenty five million dollars sort of a
friendship gift to his son in law that directly came
from the shipping business. And you look at the other
members of the Chow family. His in laws. Angela Chaw,
(14:53):
who's Lane Cho's sister, sits on the board of directors
of the Bank of China, which is the state owned bank.
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
(15:14):
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.
Speaker 1 (15:32):
Yeah, I get this sense that you hear a lot
of talk about standing up to China, and you hear
from Republicans and Democrats now and then I always wonder
how right like what this is, and I feel like
this is now the expectation. It's, oh, you know, we're
gonna sure, we're gonna do so much much China. But
the Chinese know, as long as everything stays as it
really is, nothing really changes for them. We're going to
(15:54):
get into Biden here in just a second. But first off,
you know, this week I did something really special. So
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(16:17):
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(17:00):
Disruption twenty twenty three dot com. All right, Peter, the
Biden crime family and China, tell me what I need
to know?
Speaker 2 (17:12):
Well, I think what you need to know first off
is that, in contrast to the McConnell's or even others
like you know, the the Trump family who has had
commercial ties in China, the Bidens don't actually have an
underlying business. You know, the Kushners have real estate that
you know, Avanka Trump had her shoes made in China,
but she actually had a shoe line. Mitch mcconnald's company
(17:32):
actually has a shipping company. The Bidens don't have a business.
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,
(17:54):
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
(18:15):
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
(18:35):
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
(18:58):
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
(19:22):
a Chinese effort to capture America's first family, and I
believe they have successfully done so.
Speaker 1 (19:29):
How much money went from anything connected to a Chinese national, okay,
any bank and he to Hunter Biden directly, Like, do
we have an aggregate total?
Speaker 2 (19:43):
Yeah? Yeah, so we know that there was six million
sent to him by chairman Yee. That's the CEFC Energy company.
Before he ended up CEFC, he was the head of
a Chinese military intelligence operation that was exactly so he
sent six million dollars to Hunter Biden. We know that
(20:04):
Henry Jauss sent five million dollars. He's the guy that
was the partners with the former Minister of State Security.
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
(20:27):
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
(20:47):
go up, and I think it's going to probably ultimately
surpass thirty one million dollars.
Speaker 1 (20:52):
What is that money supposed to be for? You know,
I often make jokes. This is true, by the way, Peter.
You know, back in the day when when they actually
would allow Republicans or conservatives to go on CNN and
argue with people, I would point out to them about
the Hillary Clinton Foundation, which I know you've done a
lot of work in the Clinton Foundation, that at some
point paying someone eight hundred thousand dollars for a speech
(21:14):
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.
Speaker 2 (21:31):
Think is so amazing.
Speaker 1 (21:32):
I mean, he's selling these paintings for fifty thousand dollars apiece.
What is the money that went from China to the
Biden interest supposed to be for? Like, what's the cover story,
if you will? And is it illegal? You know that's
always it's gross, But is it illegal? Yeah, that's a
great question. I'm not a lawyer on the legal part.
(21:55):
I would just say if it's not illegal. It should
be because I.
Speaker 2 (21:59):
Mean, do we really want do we really want to
live in a country where the President of the United States, family,
the Secretary of Defense, the Senate Majority leader, their family
can go to China and just scoop up gobs of
money and they could say, well, it's not illegal, everything's fine.
Nothing to see here. I don't think anybody wants to
live in that country. So the legal part I'll set aside.
But you know, if you look at these emails and
(22:20):
you look at the communications, this money is for quote
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
(22:40):
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
(23:01):
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.
Speaker 1 (23:19):
Yeah, so effectively, if if I told somebody, you know,
if my dad was the president, and I said, you know,
I'm a I'm a world class chocolate chip cookie maker,
and so my cookies are worth a million dollars each,
you know, people are supposed to accept that that's they're
paying for the cookies, right, joint venture Like, I've tried
(23:39):
to raise money for things before, I've been in I've
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
(24:02):
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
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(24:24):
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(25:29):
So how do we clean up the mess of China
making so many of our elites red handed the title
of Peter's excellent book by paying them off in various ways?
What does that look like, Peter?
Speaker 2 (25:40):
I think it begins with public shame. I think shame
still works. And I think you're starting to see already
that Apple and some of the big tech companies realize
that this sort of panda embrace that they've had is
not popular. So Apple's starting to ship shift its subproduction
of iPhones to India. That's going to take a while.
I think in Washington, d C. It begins with disclosure.
(26:01):
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.
(26:24):
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
(26:45):
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
(27:06):
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.
(27:31):
Among Republicans is even higher. So it indicates that attitudes
are starting to shift on this. He's in it.
Speaker 1 (27:37):
And also remarkable, I'm sure Peter that you haven't had
for your research on this, particularly as it pertains the Bidens.
But you point out, Mitch McConnell, Trump's a business interest,
but it doesn't you know, I don't think that leveraging
Ivanka's shoeline being made in China was going to change
the trajectory of Trump foreign policy, to be fair. But
I remember the Washington Post writing pieces about the emolument's clause.
(28:03):
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
(28:23):
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.
Speaker 2 (28:34):
Well, the thing with Hunter is it's a veritable United
Nations of corrupt people. I mean it's China, it's Ukraine,
the energy company Barisma, which you know was giving him
a million dollars a year, something he didn't know about.
Let's also remember that he was working for Elena Boderina.
She sent three point five million dollars to him. She
was the wife of the former mayor of Moscow, who
(28:55):
was by the way, identified in Wiki leaks in a
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
(29:17):
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
(29:39):
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
(30:00):
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
(30:22):
mainstream media as this information continues to spill out.
Speaker 1 (30:26):
The book is red handed how American elites get rich
helping China win. Peter Schwitzer always appreciate your work man.
Thank you so much for being here with us. And
if you happen to write another book, you need to
come back on the program and tell us about it.
What do you say?
Speaker 2 (30:41):
I would love it, Buck, Thanks, it was a great time.
Thankks so much.
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Buck Sexton
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