New UK Coalition Government, what's in store for us now?

As Cameron and Clegg start their new coalition government fact finding mission in Downing Street and Parliament, what can they -and we, expect?

As Cameregg walk the corridors of power with their new mandate to Govern, what will they find inside the cupboard doors. Well, after thirteen years of New Labour monetary policies, following their separation of the BoE from political National Monetary Policy constraints, back in 97. In Brown's view, he said: "I want to set in place a longterm framework for economic prosperity... I want to break from the boom bust economics of previous years." Oh yes, and did the New Tripartite System of Treasury, FSA and the BoE show the UK where too store the boom bust cycles. What legacies have this old group left behind, for the new coalition government.

The degree of intercourse between big business and in particular the Banks, as well as the Petrochemical corporations and, the Bank's quasi-Judiciary (the FSA), have filled every foot of space in the cupboards with skeletons. And, the new term of Skeletons is going too, look more like a holocaust if these closets are finally thrown open. Slowly and gradual, will be the order of the day.

The secret deals which were taking place between the various 'interest groups', are now threatening to leak onto the UK streets through the media machine. Not because, the freedom of information act has improved but, because, the new government will soon find out the extent of the crisis, for the UK economy -and the depth too which the public finance position has sunk. Cameregg will not want to be responsible for holding this baby, when the social service next call for a family report.

The 6bn public spending cuts, stated by George Osborne, the new Chancellor of Exchequer believes, will be the start of new government savings. This figure should cover the interest payments on the 163bn deficit. This doesn't take into account the 282bn of semi-toxic and toxic assets, held under the control of the new quangos, APS and the administrators UKFI, another Treasury quangoand America's equivalent to the FDIC in holding company terms. Based on this system, the above mentioned group are involved in the securitization of the 282 billion. If these assets become valueless -and, in past experience they have, (and let's not forget, why they are held under this system in the first place), RBS have to cover the first 60bn in loses. After that, the loses move to the tax payer at a ratio of 1:9, 10% RBS, and 90% the tax payer. We will see if this new coalition government is able to succeed in its new public finance policy and reduce Treasury spending which has been the life's blood of the economy for some time now!

Here is an example of some of the Global Finance System's issues and some of the issues surrounding EU Banks.This has been taken from Max Keiser.