He’s Scared To Death

Biden Downplays Document Scandal. Secretly, He's Scared To Death

The initial shock of the Biden classified documents scandal has worn off, but the scandal itself is still going strong. It began with the "discovery" of classified documents illegally removed from government offices by Biden before he left office as vice president in January 2017. These documents were discovered in the Penn Biden Center (a DC think tank sponsored by the University of Pennsylvania) on November 2, 2022. However, this discovery was covered up until after the mid-term elections in order not to hurt Democrat chances. In fact, the Democrats strengthened their control in the Senate and almost held onto control of the House of Representatives. The existence of the documents was announced in early January once the new Democrats were safely sworn in Yet, the entire episode was a fraud because Biden had the documents for at least six years, from January 2017 to January 2023. This wasn't a two-month cover-up; it was a six-year cover-up. Of course, four more troves of documents were then "discovered" in Biden's garage, his personal library, and elsewhere in his house. The documents were handled by lawyers, some of whom did not have the security clearances needed even to look at the documents. The FBI was only tangentially involved in contrast to Donald Trump's classified documents episode when a heavily armed FBI swat team broke down the doors of Trump's Mar-a-Lago estate in Palm Beach and then rifled through Melania Trump's underwear drawers. Despite these cover-ups, events have taken a more serious turn for Biden. As reported in this article a special counsel has been appointed by the Department of Justice (DOJ) to investigate Biden. Given the corruption in the DOJ, the investigation could just be part of the cover-up. But the history of special counsels is that they eventually come back with serious charges. This case is not just about mishandling classified documents. It's also about linkages between Joe Biden and Hunter Biden in terms of influence peddling, money laundering, tax evasion, and more. People in the White House are starting to throw each other under the bus as in the case of Biden's assistant Kathy Chung who is being blamed for wrongfully moving the documents from the White House. This is how Watergate played out in 1972 – 1974, with small leaks turning into big leaks and finally turning into criminal charges and the resignation of a president. This scandal is not going away. It will follow Biden on the campaign trail every day assuming he decides to run for reelection. It's just one more layer of uncertainty for investors to navigate.

Jim Richards