Tag Archives: contracts

WHAT ARE DERIVATIVES FOR HUMANS WHO UNDERSTAND BASIC MATH!!!

The reason that derivatives are dangerous for the financial system, especially banks, is that it is fundamentally speculation with the use of borrowed money. During a financial crash a derivative may also crash demanding the banks pay out money which they don’t have on hand as an emergency fund. A chain reaction of bankruptcies can exist with many banks going under and if they are too big to fail then the taxpayer foots the bill and a depression is a realistic possibility.

If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT LIABILITY+

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Liability: n. legally responsible and frequently responsible for a subset(s) required by contract

Offspring are parental liabilities to a large degree unless they participate in a family business or are part of a culture where they are old age insurance.

Official contracts can become additional liabilities if the contracted humans start to behave extremely irresponsibly and cause expenses beyond a reasonable norm.

Irresponsible driving and many accidents can increase the normative liability to skyrocket and leave no recourse for the insurance company than to raise the insurance amount or cancel the contractual agreement.

Most humans can become increasingly costly liabilities to others when their historical behavior changes radically and becomes very bad or very irresponsible greatly exceeding historical norms.

Immoral or very irresponsible behavior frequently exceeds the acceptable liability limits of what a human or organization with a good reputation to maintain has and almost always results in a termination of the relationship.

Severe addictions and immoral behavior can not only devastate a family bank account and become an overwhelming monetary liability but can also cause extreme emotional trauma and misery which can be considered to be an emotional burden or liability to other members of the affected family.

When immorality and very irresponsible behavior is rewarded by society and its laws then that society not only is headed for anarchy but financial bankruptcy too.

If you liked this evergreen truth blog then read more of them, about 1900 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

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7 TIPS FOR ENDURING CLIENT RELATIONSHIPS!!!

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Be punctual with a client because no one wants to wait and waste their time and not showing up on time is equivalent to lack of promise fulfillment or a lie.

If there is no immediate or historical proof to the contrary that a client is wrong then assume that the client is right and make appropriate accommodations.  As soon as possible check if other clients have had the same complaint and address it as soon as possible if that is the case. If the client problem surfaces more than once then further questioning or investigation may be necessary to avoid future recurrences.

Clients are long duration relationships so don’t be tempted to make a killing on one transaction at client’s expense which will reflect badly on your organization if the client finds out you overcharged by a great amount for something they could have gotten elsewhere much more cheaply.

Don’t do the transaction unless it is in the client’s best interest, is what the client really needs, is at a reasonable price, and doesn’t hurt the client financially or in other ways. Don’t make pushy sales designed for instant profit but stress the needs it will fulfill or problems solved in the client’s best interest. “You may want this at extra expense but you really don’t need it” will prove to the client that you can be trusted to have their best interest at heart.

Before making an agreement with a first time client don’t be afraid to question or probe what needs you will be fulfilling or problems that you will be solving by entering a client relationship. If the client is not sure what needs they have then you can offer the needs which are usually fulfilled by your organization and get useful feedback from the client if it is a good fit. If “what do you need which we can provide?” does not get a response then “do you have this need which the organization can provide?” can start a mutually beneficial conversation. Remember that what a client wants may not be what they need and the closer you fulfill a need the happier will be the client without superfluous wants which may cost much more.

Contracts can be made but try to settle legal disputes out of court if possible and don’t enter contracts which don’t benefit you in the long duration and doesn’t make short duration financial sense.

If a client relationship is no longer profitable or the client is trying to take advantage of you unjustly then don’t be afraid to terminate the relationship.

 

If you liked this evergreen truth blog then read more of them, about 1100 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/