Recently, there have been reports circulating about the cash flow of President Joe Biden, as revealed in his financial disclosure for the years 2021 and 2022. The disclosure shows a significant decrease in the amount of cash the President had on hand during this period.
In 2022, President Biden reported having between $900,000 and $2 million in cash, whereas in the previous year, he had between $700,000 and $1.4 million. This has raised questions about how the President is utilizing such substantial amounts of cash, especially considering that he owns two homes with low mortgage rates and has most of his expenses covered.
Additionally, it was noted that President Biden took out a $250,000 line of credit on one of his properties. This has further fueled speculation about the reasons behind the significant cash outflow.
One of the theories being discussed is whether the cash is being used to cover legal expenses, such as those related to the special counsel investigation or possibly legal fees for his son, Hunter Biden. It was revealed that Hunter Biden's lawyer is facing resource constraints in defending him, allegedly due to financial support from his brother, Kevin Morris, coming to an end after loaning Hunter over $6 million.
These developments have prompted concerns about the financial management and allocation of resources within the Biden family. The mystery surrounding the disappearance of cash and its potential implications continue to be subjects of interest and speculation.
