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Money Laundering In Art? Let’s Look To The Biden Family First


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I hate to break it to Joe, but the entirety of the art market is used for money laundering, and he knows that…

That’s why it exists. Art is primarily used as a store of value, to launder money, and to seek favorable economic incentives like tax cuts…It has always been this way, and will likely always be this way.

This has gone on for several hundred if not thousands of years now.

The high art market is really no different than a cryptocurrency exchange; specifically, these pieces function like a non-fungible token.

Unless an artist is selling each painting between several hundred to several thousand USD, you can be sure that the art is being used as either a medium of exchange, a store of value, or as a token for favors.

Hunter Biden is selling his ‘art’ pieces for $500,000 and more, yet he is no Picasso.

Even if he was, there is no justification for any piece of art to sell at those inflated prices, unless it is being expressly used for any of the purposes I just listed above.

I have talked about this before, but I will share this little educational video to break it down even further:

According to Fox News, The White House states :

The White House document touches on the corruption-rife art world, noting that the “markets for art and antiquities — and the market participants who facilitate transactions — are especially vulnerable to a range of financial crimes.”

“Built-in opacity, lack of stable and predictable pricing, and inherent cross-border transportability of goods sold, make the market optimal for illicit value transfer, sanctions evasion, and corruption,” the strategy reads.

Daily Mail further exposed the corruption:

This fall, after DailyMail.com published photos of the Hunter’s swank LA art opening, the New York Post reported Hunter had sold five prints for $75,000 each.

Shaub also called out the question at that time, saying ”These are legitimate questions’ when White House press secretary Jen Psaki was asked about it and pushed back.

The report, titled United States Strategy on Countering Corruption, addresses art and antiquities in its second section, on Curbing Illicit Finance.



 

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