Zero Hedge: Ukraine Indictment Claims $7.4 Billion Obama/Democrat-Linked Laundering

This article comes from Zero Hedge, relating an indictment by Ukraine’s Prosecutor General against Burisma Holders, where Hunter Biden held a highly-compensated sinecure. Emphasis below is from the original article.

An indictment drawn up by Ukraine’s Office of the Prosecutor General against Burisma owner Nikolai Zlochevsky claims that Hunter Biden and his partners received $16.5 million for their ‘services’ – according to Ukrainian MP Alexander Dubinsky of the ruling Servant of the People Party.

Dubinsky made the claim in a Wednesday press conference, citing materials from an investigation into Zlochevsky and Burisma.

“Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it,” said the MP. “It was issued on November 14.”

The son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering,” he then said, adding “Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens.”

…According to Interfax-Ukraine, MP Andriy Derkach announced at the same press conference that deputies have received new materials from investigative journalists alleging that the ‘family’ of ex-President Yanukovych funneled $7.4 billion through American investment firm Franklin Templeton Investments, which they claim have connections to the US Democratic party”…

The son of Templeton’s founder, John Templeton Jr., was one of President Obama’s major campaign donors. Another fund-related character is Thomas Donilon. Managing Director of BlackRock Investment Institute, shareholder Franklin Templeton Investments, which has the largest share in the fund. It is noteworthy that he previously was Obama’s national security advisor,” Derkach added…

Click here to read the entire article at Zero Hedge.

Liberty Blitzkrieg: Insiders Don’t Criticize Other Insiders

Here is a brief, but enlightening, article by Michael Krieger of Liberty Blitzkrieg about the political swamp and the difference between insiders and outsiders – Insiders Don’t Criticize Other Insiders.

Since leaving office President Obama has drawn widespread criticism for accepting a $400,000 speaking fee from the Wall Street investment firm Cantor Fitzgerald, including from Senators Bernie Sanders and Elizabeth Warren. Only a few months out of office, the move has been viewed as emblematic of the cozy relationship between the financial sector and political elites.

But as the President’s critics have voiced outrage over the decision many have been reluctant to criticize the record-setting $65 million book deal that Barack and Michelle Obama landed jointly this February with Penguin Random House (PRH)…

While the Obamas’ deal is unique for the amount of money involved, outsized book contracts between politicians and industries they’ve benefitted has precedent. In a recent report issued by the Roosevelt Institute, the study’s authors, Thomas Ferguson, Paul Jorgensen, and Jie Chen, argue that the mainstream approach to money in politics fails to recognize major sources of political spending. Among the least appreciated avenues for political money, they argue, are payments to political figures in the form of director’s fees, speaking fees, and book contracts.

From the 2017 Naked Capitalism piece: The “Market Forces” Behind the Obamas’ Record-Setting Book Deal

Back in 2009, when the Obama administration was busy ensuring the nation’s financiers would become larger, more powerful and never serve a day in jail despite their historic crime spree, Larry Summers had dinner with Elizabeth Warren. During the course of that meal, he instructed her about how power really functions in the U.S.:

A telling anecdote involves a dinner that Ms. Warren had with Lawrence H. Summers, then the director of the National Economic Council and a top economic adviser to President Obama. The dinner took place in the spring of 2009, after the oversight panel had produced its third report, concluding that American taxpayers were at far greater risk to losses in TARP than the Treasury had let on.

After dinner, “Larry leaned back in his chair and offered me some advice,” Ms. Warren writes. “I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People — powerful people — listen to what they have to say. But insiders also understand one unbreakable rule: They don’t criticize other insiders.

“I had been warned,” Ms. Warren concluded…

Click here to read the entire story at Liberty Blitzkrieg.