Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: FreedomPoster

What about debt divisions?


156 posted on 10/25/2007 4:36:01 AM PDT by papertyger
[ Post Reply | Private Reply | To 155 | View Replies ]


To: papertyger

I’d say that’s another possible division / fault line, but not the one likely to be analogous to the blue collar / white collar one during the Weimar inflation.

There will be plenty of people with debt problems on both sides of the public/private divide.


157 posted on 10/25/2007 4:40:38 AM PDT by FreedomPoster (Guns themselves are fairly robust; their chief enemies are rust and politicians) (NRA)
[ Post Reply | Private Reply | To 156 | View Replies ]

To: papertyger; FreedomPoster

A clear division will between private sector and govt employees and retirees. Private pension funds will go belly up, putting folks on the street, while those with govt salaries and pensions continue to be paid.

How this breaks out also depends on whether an economic crash goes the hyperinflation or deflation route, which are the opposite sides of the same coin, depending on govt policy choices in the face of depression.


158 posted on 10/25/2007 5:00:47 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
[ Post Reply | Private Reply | To 156 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson