They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist.
That scheme already failed and is obviously NOT going to happen. China and Russia refused to go along with it. You do know after Bretton Woods they had international agreements that individual countries cannot go into the gold market and just buy it up in bulk or monetize metals, yet that's exactly what Russia and China have been doing. Why do you think Russia is demonized? After 2008, the Russians and Chinese took off sprinting away from Bretton Woods and gave them the middle finger.
They are not buying up all those metals for no reason. Why do you think Russia is currently showing off pictures of their gold and silver vault this week? Why do you think Mnuchin recently held up a gold bar claiming Ft Knox has gold in it (when it really doesn't or much less than claimed). Why do you think Trump constantly makes references to Andrew Jackson? Why do you think Trump's twitter says not once, but NUMEROUS times:

The Wolfowitz doctrine was a total failure (which is good) and you now live in a multi-polar world. Some of the evil Jewish banker sect of the US govt insists on trying to continue with their global, cashless society slave system, but it would require a nuclear war to pull off with everyone on the planet dying in the process. You can take it to the bank 100% metals are going to be revalued so that current debts can be transferred to a new system.
Debt forgiveness is far more problematic to pull off and even less wanted by the banking powers, and can also lead to collapse of civilization in the process. Metals revaluation is the most safe way to keep civilization functioning without risking instantly going into a new dark ages when the debt bubble collapses.