Because the governments are distinct and have distinct voting populations, I expect there to be conflicts between the two governments. Such conflicts will be similar to international conflicts but with major differences. The two governments have interspersed populations living in same geographic territories making physical conflict unlikely. For example, in extended families that young and old voters may live in the same house. Also, the two governments are not peers in conflict like nations would be. The operational government would have full control over all of the police and military. Although the government of debt obligations lacks an army, it controls access to new debts needed to finance the provisioning or deployment of forces. In the abstract, there is nothing stopping the armed operational government from conquering the obligation-servicing part of the government.