Rebirth of the Financial Crisis Sweeping the World

Set off at four hundred and five! Charitable foundations and trusts

After having lunch with Zhang Xiaolei, Wang Guanxi returned to the Black Shirt Center.

Luo Baowen came over and said: "BOSS, the flight has been booked and will leave the day after tomorrow."

This time I went to the United States by chartered flight.

I originally planned to order an airplane, but Wang Guanxi has been very busy recently, so the matter has been delayed. It is very convenient to go to the United States, so I can just order it in the United States.

Wang Guanxi nodded: "Please inform me that the members who will go to the United States tomorrow will gather at the Black Shirt Center."

"Yes, BOSS" Luo Baowen hurriedly went to do it.

On Wednesday, January 21st, Wang Guanxi arranged things in Hong Kong and summoned the horses for the trip to the United States.

Wu Zhanhai, Wu Hongsheng, Li Guangyu, Lu Jianting, Guan Zhenyi, Lin Jiyang, and Lane Smith are all executive directors of Blackshirt Investment Bank.

As for the directors of Black Shirt Insurance Company, they just stayed in Hong Kong.

Xu Rongzong, the founder of Mainland WeChat Company, Zhang Gongjun, director of Tengxun Group, and others also came to Hong Kong. This time, their two technical geniuses will follow Wang Guanxi to the United States to intercept WhatsApp technology and then come back to develop WeChat.

Zhang Gongjun: "Boss, when we go to the United States this time, are we going to work in a high-tech company?"

Now he has been serving as a non-executive director of Tengxun Group and the vice president of the technology department, and then promoted the cooperation between Tengxun Group and WeChat Company.

Xu Rongzong also asked: "Are we going to the United States this time to develop chat software?"

At present, the WeChat chat software has not yet been developed. If there are big gains from this trip to the United States, the WeChat chat software will be completely released.

And her girlfriend Huang Lili's belly is getting bigger and bigger. Although the child is not his, he is now very enthusiastic about fighting to welcome a better life in the future.

At this time Wang Guanxi nodded: "Well, yes, I hope you will stay in the United States for a while this time. I will invest in many technology companies. You should take a good look."

"Yes, BOSS!" The two of them looked forward to it.

Then Zhu Renzhi of GBE Group came with several senior executives.

"BOSS!"

This time they went to the United States to open an American GBE branch and plan to enter Hollywood in the future.

A small film company has been identified and then acquired.

Now, in addition to daily operating funds, GBE Group also has HK$100 million in spare funds. After acquiring a small film company, it operates two low-cost, high-box office movies, and has grown in one fell swoop.

Wang Guanxi said: "This time after you have established the GBE branch in the United States, you will start operating the low-cost movie [Ghost Story]"

He remembers that the movie was a global hit, with a box office of over $200 million.

And its cost is very, very low.

Many people won't believe it.

"Yes, BOSS" Zhu Renzhi was excited.

Then Liu Zhonglun from Blackshirt Law Firm also came with a team of lawyers.

"BOSS, everyone is here!"

Wang Guanxi nodded: "Everyone is here. Have a good rest at the Conrad Hotel tonight and set off tomorrow night."

"Yes, BOSS"

In the evening, everyone had dinner together, and Luo Baowen asked: "BOSS, how long will it take to go to the United States this time?"

Wang Guanxi thought for a while and said, "More than a month."

Then he said: "Secretary Luo,

I see that you have been looking bad recently, like a withering flower due to lack of irrigation."

"Come to my room tonight and give you some moisture."

"Water water"

Luo Baowen was speechless in her heart and opened her mouth again: "I have a gynecological disease, so what's the inconvenience?"

Then she said, "You can find that Jennifer Lawrence in Ohio."

Wang Guanxi said with a smile: "Secretary Luo, how about you wait on me?"

Luo Baowen: “······”

The next day, January 22, in the evening, Hong Kong International Airport.

Wang Guanxi is preparing to wait for others to board the plane.

Zhang Xiaolei also came, bringing with him several assistants from Standard Chartered Bank.

"Mr. Wang, am I not late?"

"No, it was just 6:30"

"Let's board the plane"

"OK"

Then everyone boarded the plane, and then the plane took off and flew to Columbus, the capital of Ohio, USA.

In the first class cabin, Wang Guanxi, Luo Baowen, and Zhang Xiaolei sat together drinking tea and chatting. The flight attendants also served an exquisite dinner.

Sauce-flavored roast duck slices lined with thousand-layer bean curd lettuce wraps

Coconut Avocado Mousse

Morel mushroom stewed pork in original sauce

Steamed colorful vegetables

Kirin Chicken Sauce

Healthy grain rice buns,

Stewed with Satay Sauce

Herbed Pork Chops

Apple barley pomelo

Sugar water.

This is a new first-class Chinese set menu launched by a Michelin-starred chef.

Every dish is exquisite and delicious, which will whet your appetite.

Wang Guanxi asked Zhang Xiaolei: "Mr. Zhang, why are you on a business trip to Ohio this time?"

Zhang Xiaolei said: "There are two things to do."

"First, our Standard Chartered Bank also lost a lot of money in the case of Wall Street swindler Bernard Madoff defrauding US$65 billion. I am here to deal with some funeral arrangements this time."

"Second, our Standard Chartered Bank plans to cooperate with Ohio's Fifth Third Bank in a business negotiation."

Wang Guanxi was stunned: "Fifth Third Bank?"

In Ohio, there are two major banks, Huntington Bank and FifthThirdBank.

Among the top 50 banks in the United States, Huntington Bank ranks 29th, while Fifth Third Bank ranks 18th.

Fifth Third Bank is also the largest bank in Ohio, above Huntington Bank, and the two are competitors.

Fifth Third Bank’s current market capitalization is US$2 billion.

"Well, yes, Fifth Third Bank." Zhang Xiaolei thought for a while and then said: "This time I am negotiating specifically with Fifth Third Bank. Our Standard Chartered Bank is still one of the shareholders of Fifth Third Bank. On the board of directors, because Bernard Mai Daphne’s fraud case caused a lot of conflicts and created a lot of rifts.”

Wang Guanxi: "So that's it. Bernard Madoff has deceived all investors around the world, and now everyone has a very negative view of the financial fund industry."

Zhang Xiaolei smiled and said: "He is a financial liar. Mr. Wang, you are the real financial crocodile."

Wang Guanxi smiled slightly: "Mr. Zhang, thank you."

Zhang Xiaolei asked again: "Mr. Wang, you have borrowed US$2 billion from our Standard Chartered Bank this time and plan to invest it in the United States?"

Wang Guanxi smiled and said: "Well, yes, Mr. Zhang, don't worry, the interest will be yours."

Zhang Xiaolei: "Mr. Wang, don't worry, this 2 billion US dollars is your loan limit. If you repay it, you can still borrow it, as long as you pay the interest on time."

At present, the 80 million shares of Amazon held by Wang Guanxi have been pledged to Standard Chartered Bank, and she is very relieved.

This loan amount will never change. You can continue to borrow money after paying it off. You can keep the debt of 2 billion US dollars as long as you pay the interest on time.

Wang Guanxi smiled and said: "Mr. Zhang, thank you very much."

He hopes to maintain debt and use money to make money. Anyway, the interest rate per year is only 4.5 yuan.

"With this kind of interest, I can make a lot of money by speculating on real estate."

Zhang Xiaolei asked with a smile: "Mr. Wang, are you planning to buy many villas in Ohio?"

Wang Guanxi thought for a while and said: "I plan to buy land and build a large manor."

Zhang Xiaolei: "In the United States, many estates and land are for sale. The land here in Ohio is not expensive at all. In addition, now is the financial crisis, the real estate industry in the United States has collapsed, and the prices of houses and land have plummeted. It is indeed a good opportunity for investment."

Wang Guanxi smiled and said, "Mr. Zhang, are you also planning to buy a villa?"

Zhang Xiaolei shook her head: "I don't have much money. Most of my money is invested in Royal Bank of Scotland stocks."

"What's more, property taxes in the United States are high and there are many taxes and fees. I don't want to invest in real estate in the United States. It's troublesome."

Wang Guanxi smiled and said: "You will definitely get out of trouble in the future."

"I plan to set up a trust foundation, and the charitable foundation will hold real estate and securities assets respectively."

Zhang Xiaolei smiled and said: "This is good. Non-profit organizations and foundations can avoid taxes, but they need professional accountants, lawyers, and investment consultants..."

"The management team of this foundation is a huge expense. Ordinary people can't afford it. It's something that the rich do."

Wang Guanxi smiled and said: "You mean ordinary people cannot avoid taxes, but the rich can easily avoid taxes."

Zhang Xiaolei: "Absolutely, that's the case. I'm not a rich person myself. I can't afford a foundation. The cost is too high. I also need a professional management team and investment team, which I can't afford to hire."

"Actually, my grandfather purchased a lot of real estate and financial assets in the United States, but I dare not inherit it now. The inheritance tax is too high, and the property tax has been in arrears for many years."

Wang Guanxi said with a smile: "Mr. Zhang, my people have registered two foundations for me in the United States. If your grandfather wants to evade taxes, he can donate financial assets to my two foundations, or package the assets into a trust. You become a fiduciary.”

Zhang Xiaolei was stunned and said with a smile: "This is a good idea. I will pay the property tax, and then ask my grandfather to package the assets into your foundation, and I will become the trustee."

Then the two discussed the foundation.

This time Wang Guanxi asked Stephen Stano, CEO of Huntington Bank, to register a charitable foundation and a trust foundation for himself.

These two foundations are specially used to establish consortiums in the United States to hold various financial assets and real estate to avoid various taxes and fees.

So Wang Guanxi turned it into a foundation.

American wealthy people basically use this trick to avoid various taxes, such as personal income tax and inheritance tax...

For example, Buffett's wealth increased by US$24.3 billion, but he only paid US$23.7 million in taxes, with an effective tax rate of only 0.1%.

Although this foundation is a non-profit organization, it can make money and grow its wealth by donating 5% every year.

This 5% also includes the salaries and various expenses of charitable foundation members.

Therefore, the richest people in the United States will basically set up charitable foundations during their lifetime, and the members of the charitable foundation are all family members. In this way, they do not have to pay taxes. Among the 5% of annual expenditures, the salaries of the members still account for a large part. Therefore, later American wealthy people chose to donate their inheritance to charitable foundations run by themselves.

To put it simply, the Gates Foundation has assets of US$50 billion. If it donates 5% every year, that would be US$2.5 billion, which is completely tax-free.

This $2.5 billion can be donated to your own hospitals, schools, and even your own companies, such as biotechnology companies, vaccine research projects, and environmental protection on your own farms...

There are also various salaries that can be paid. He is the chairman of the foundation. He can pay himself, his children, and his wife.

You can donate to other charitable funds under the umbrella, or donate to your own fund.

You can also raise many political figures and donate them to politicians, or donate them to companies set up by their children or relatives, or hire the children of political figures to work, so that the politicians can handle their own affairs.

In particular, foundations are also places that support political figures. After retirement, many political figures serve as consultants for foundations or directors of large companies...

There won’t be much money actually used for charity.

Moreover, the Gates Foundation has applied for confidentiality measures, and US government departments cannot inspect its accounts.

I just know that the wealth of the Gates Foundation is getting bigger and bigger.

At this time, Luo Baowen asked: "BOSS, Huntington Bank, and Silicon Valley Bank's equity, do you plan to donate all the equity to the foundation?"

Wang Guanxi nodded: "Of course, everything will be donated to the charity foundation afterwards."

Zhang Xiaolei asked: "What are the names of your two foundations?"

Wang Guanxi: "Crown Charitable Foundation, Crown Trust Foundation"

Zhang Xiaolei asked in surprise: "Crown?"

"Why does it sound like a king's crown to me? It has the connotation of conquest in it."

"Is the English name Crown? Or WangGuan"

Wang Guanxi chuckled: "What I want is the conquest. The English name is TheCrownCharitiesFoundation, TheCrownTrustFoundation."

In the future, consortiums in the United States will own many companies and real estate, which will be controlled by the Crown Charitable Foundation and the Crown Trust Foundation.

The U.S. economy, science and technology, and military are all No. 1 in the world. If they affect the U.S. economy and politics, they will affect the world.

This is a place where capital dominates everything and can do whatever it wants.

It is very necessary for Wang Guanxi to build a large consortium in the United States.

The starting point of his consortium in the United States started in Ohio.

In the future, the top ten consortiums in the United States will be re-ranked, and among the top ten consortiums there must be his Crown Consortium!

Time passed by and the plane flew all the way to the United States.

After waking up, we arrived in Columbus, Ohio, USA.

There was already a group of people waiting at the airport.

Stephen Stano, CEO of Huntington Bank.

Jennifer Huntington, Jennifer Lawrence mother and daughter.

And Huntington Bank executives.

Then Wang Guanxi's bodyguards came out first, all dressed in black, with cold faces and full of aura.

Then Wang Guanxi walked out from among the bodyguards in black. He was dressed in black and wearing big sunglasses, making his face unclear and extremely mysterious.

At first glance, you can't help but be impressed and attracted.

The young girl Jennifer Lawrence was wearing a Greek-style light blue chiffon dress, standing next to her mother, her eyes fixed on Wang Guanxi, nervous, and her heartbeat was racing.

He's finally here.

Came early.

She thought Wang Guanxi would only come in early February.

"BOSS" everyone shouted in unison.

Wang Guanxi nodded and took Luo Baowen into the car arranged by Huntington Bank.

They are all stretched Cadillacs.

In the car, Jennifer Lawrence deliberately sat with Wang Guanxi.

Wang Guanxi said to Jennifer Lawrence: "Jennifer, my GBE Group is about to establish a US GBE branch. Do you still want to be a big star?"

This time the senior management of GBE Group also came to the United States. The group still had 100 million Hong Kong dollars in funds, which had been converted into US dollars. They immediately acquired a small film company, and then launched a low-cost, high-box office movie, and then entered the It's Hollywood.

And this Jennifer Lawrence is the future Oscar queen, and Wang Guanxi still wants to praise her. Of course, if she gives up the film and television industry, Wang Guanxi also supports her.

Jennifer Lawrence thought for a while and said: "I'll think about it again. Recently I just want to take a good rest, have some fun, and think carefully about what to do in the future."

Now that Wang Guanxi is here, she really wants to take Wang Guanxi to have fun in Ohio to increase the relationship between the two.

Wang Guanxi smiled and said: "Then you have to think clearly. Life choices are very important."

"Well" Jennifer Lawrence thought for a moment and then asked: "By the way, do you want to work at Huntington Bank, or continue to develop in the film and television industry?"

Her dream is to be a big star and become a popular actress in Hollywood, but her mother Jennifer Huntington has always wanted her to study at Huntington Bank and become a female banker in the future.

She is still struggling because she doesn't want to give up her dream in life.

Wang Guanxi smiled and said: "It's up to you to decide. Whatever you want to do, just do it."

"Yeah" Jennifer Lawrence nodded.

Seeing that Wang Guanxi looked a little tired, she asked with concern: "BOSS, are you sleepy?"

Flying from Hong Kong to Ohio is a flight of more than 15 hours, and the time in Hong Kong is different from that in the United States, so the biological clock is easily misaligned.

It may be very uncomfortable at first.

She went to Hong Kong with her mother before, and her biological clock was disrupted.

Wang Guanxi smiled and said: "Actually, I'm not sleepy at all. It should be noon in Hong Kong now."

"Well, but it's already midnight here." Jennifer Lawrence blinked her beautiful eyes: "Aren't you going to sleep tonight?"

Wang Guanxi: "Actually, I fell asleep several times on the plane and I'm not sleepy now."

Jennifer Lawrence thought for a while and said: "Let's go sing in the hotel box later?"

She suddenly wanted to play with Wang Guanxi.

Wang Guanxi said politely: "Forget singing, it's better to eat delicious food."

"Well, okay, let's eat delicious food. I didn't eat much tonight." Jennifer Lawrence touched her belly, then leaned close to Wang Guanxi, feeling Wang Guanxi's body temperature, and said: "BOSS , you'd better take a rest and lean on my legs."

As she spoke, she slightly lifted her long, white legs, which were a little fleshy.

Luo Baowen on the side held the document, shook it slightly, and said: "BOSS, team members of the two foundations in the United States, have you thought about it?"

A foundation requires a management team, investment team, and legal team, which is also a large expense.

Wang Guanxi nodded: "Think about it, Secretary Luo, you can also serve as a director of the two foundations."

"Well, okay" Luo Baowen then chatted with Wang Guanxi about business matters, while Jennifer Lawrence didn't know what to say.

She felt like she was isolated, and she couldn't help but feel jealous that Luo Baowen, the secretary, could talk about business matters, but she didn't understand anything.

The gap is huge.

She felt it would be better for her to study at Huntington Bank.

After a while, everyone arrived at the hotel.

Wang Guanxi asked Ma Zai beside him: "Stephen Stano, have the two foundations been registered?"

Stephen Stano said quickly: "BOSS, everything has been registered according to your requirements, and they are all controlled by your Wang Family Foundation."

The Crown Charitable Foundation and the Crown Trust Foundation are not registered offshore. They are both foundations registered in the United States.

Both foundations are controlled by the Wang Family Foundation.

Wang Guanxi nodded: "Yes, very good."

Then he ordered: "Donate all the equity of Huntington Bank and Silicon Valley Bank to the Crown Charitable Foundation."

Although Huntington Bank's equity is temporarily mortgaged to Bank of Baroda, Indian Overseas Bank, and Union Bank of India, the debt will be paid off after Wang Guanxi's No. 4 Fund closes its position.

The Crown Charitable Foundation is specifically used to hold financial assets and control major companies.

The Crown Trust is used to hold real estate, such as schools, hospitals, manors, farms, and scientific research institutes...

"Yes, BOSS" Then the lawyers began to draw up legal documents.

The shares of Huntington Bank and Silicon Valley Bank were originally held by Fund No. 1, but now they are all donated to the Crown Charitable Foundation.

The debt of US$820 million originally owed to India's three major banks was borne by Fund No. 1.

The management team, investment team, and legal team of Crown Charitable Foundation and Crown Trust Foundation are all members of Blackshirt Group, Huntington Bank, and Silicon Valley Bank.

These talents are ready-made and can be taken up immediately.

The offices of the two foundations will also be located in the Huntington Bank Building.

Stephen Stano said excitedly: "BOSS, recently I have been following your requirements to reduce my business crazily and sell off unnecessary assets..."

"Although Huntington Bank is in great shock at the moment, I believe it will soon emerge from the financial crisis."

In the past few days since he came to Huntington Bank, he has also made drastic changes. The management has been greatly shocked.

Because he is the CEO, the chairman basically has no resistance.

Then, in front of Huntington Bank executives, he emphasized forcefully: "I will continue to work hard to reduce Huntington Bank's costs to a minimum."

This made the surrounding Huntington Bank executives tremble with fear, fearing that they would be the next to be laid off.

At this time, Wang Guanxi and others nodded with satisfaction: "Thank you for your hard work, well done."

"Now is the time of financial crisis, and we should take drastic measures to rectify the banks. You are doing the right thing."

"This year is still the year when the financial crisis broke out. Many banks will continue to lose money, but I hope that Huntington Bank's losses will be minimized. If you do as I say, you will be fine."

"I believe your bonus will be much higher this year."

Stephen Stano said excitedly: "Yes, BOSS!"

He was excited at the thought of the prize money.

In the current financial crisis, many financial professionals on Wall Street have lost their jobs and been laid off, while he has been rising steadily.

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