Originally published May 10, 2023 8:38 am PDT
On Wednesday morning, a bombshell story emerged regarding the Biden family’s alleged influence-peddling schemes.
Despite the serious nature of these allegations, mainstream media outlets such as the New York Times, CNN, The Associated Press, Reuters, The Hill, WaPo, ABC News, USA Today, Axios, and Yahoo! News that morning made the editorial decision to run the Santos arrest story as their top headline while downplaying or outright ignoring the Biden family revelations.
Ironically, the Santos story also has to do with financial crimes, but to a much less significant degree compared to the Biden family revelations, which involve a complex web of international transactions, alleged decades-long influence peddling ploys, and potential implications for national security and political integrity.
This raises concerns about media bias and the potential impact of corporate ownership on news coverage.
The House Oversight Committee on Wednesday morning released new evidence in the Biden family’s influence-peddling schemes.
In a press release, Chairman James Comer (R-KY) exposed the complex web of companies set up during Joe Biden’s (D) vice presidency, through which the Bidens allegedly received millions of dollars from foreign sources.
The financial records suggest that the Bidens used complicated transactions to hide payments from foreign nationals, including Chinese Communist Party (CCP)-linked associates.
The press release outlines potential influence-peddling schemes in Romania as well.
Despite the gravity of these allegations and their potential implications for national security, the mainstream media has chosen to focus on the arrest of Rep. George Santos (R-NY), who faces 13 federal charges related to wire fraud, money laundering, theft of public funds, and making false statements to the House of Representatives.
It was after all the Biden administration’s own Department of Justice (DOJ) that filed criminal charges against Santos, news of which happened to break the very night before Comer was scheduled to announce his Biden revelations, raising questions about the DOJ’s motives.
Although the Santos story is undoubtedly newsworthy, as evidenced by American Faith’s decision to feature the story on our website and in our newsletter, it pales in comparison to the implications of a potential influence-peddling scheme involving the family of a sitting U.S. president.
The decision to prioritize the Santos story over the Biden family revelations raises more concerns about the integrity of the mainstream media and the potential influence of corporate ownership on news coverage.
We can only speculate as to why establishment media made the editorial decision to prioritize the Santos arrest story over the Biden family revelations.
BlackRock, a major investment management corporation, owns significant stakes in these media companies and their parent companies. It’s worth examining BlackRock’s interests in China, which, according to Comer’s allegations, is one of the countries that compensated the Bidens in return for political influence.
As the world’s largest asset manager, BlackRock also has a significant presence in the Chinese market.
One of their flagship products is the China Bond Fund, which seeks to maximize total returns by investing at least 70% of its total assets in fixed-income transferable securities denominated in Renminbi or other non-Chinese domestic currencies issued by entities exercising the predominant part of their economic activity in China.
According to BlackRock’s website, the Chinese bond market has grown to become the world’s second-largest, with a market size of $20 trillion and an annualized growth rate of 13%.
The China Bond Fund focuses on capturing yield and growth opportunities in this market.
BlackRock ensures the companies it owns controlling shares of promote certain political ideologies: “Behaviors are going to have to change, and this is one thing we are asking companies, you have to force behaviors and at BlackRock, we are forcing behaviors,” BlackRock CEO Larry Fink has admitted.
In a letter to shareholders, Fink described China’s market as a “significant opportunity to help meet the long-term goals of investors in China and internationally.”
“The overwhelming majority of the assets BlackRock manages are for retirement. BlackRock’s clients around the world — including many US clients — seek a broad range of investments, including in China, to achieve their retirement and other financial objectives,” a BlackRock spokesperson said.
BlackRock’s interests in the Chinese market might raise questions about potential conflicts of interest when it comes to news coverage related to China, such as the Oversight Committee’s allegations that the Biden family received payments from CCP-linked associates.
Critics might argue that BlackRock’s investments in China could potentially influence editorial decisions in the media outlets they have significant stakes in, leading to biased or distorted news coverage.
In an era when trust in media is already low, the decision to downplay or ignore the Biden family influence peddling revelations only serves to fuel public skepticism of establishment news sources.
The mainstream media has an essential role to play in holding the powerful accountable and informing the public about significant stories.
By choosing to prioritize the Santos arrest story over the Biden family revelations, these media outlets are failing to fulfill their duty to the public.
It is crucial that the media remains committed to objective reporting, and that it gives equal attention to stories of significant public interest, regardless of any potential political or corporate pressures.
The public deserves transparency and accountability, both from its elected officials and from the media outlets that inform them.