Gold bugs think the world will print away the debt obligations, thus QE forever. Nope. The debt is a noose TPTB designed to take control over the world with. They increased the debt with QE to maximize the control they get when they crash the global economy and the people will be on their hands and knees in deflation with matching totalitarianism and skyrocketing taxes and interest rates.
Synchronous, international default should void both any and every economic liability (i.e., both any and every
sovereign debt) that does not serve
the plutocrats.
TN;DC: A plutocrat seeks (at least, circa the present) to confiscate nongovernmental capital through sovereign default.