Govt borrowing globally.

[LHRFlightman]

As far as I can work out, every Govt is printing money to bail out their economies.

We're are, to coin a phrase, all in this together.

What would happen if every Govt decided to write it off?

Global collapse? The four horseman of the apocalypse? Share price collapse globally? Every business goes bust overnight?

Genuinely interested.

[menousername]

Our pension funds would collapse

Unless newly issued bonds were replaced like-for-like into every fund without the fund having to buy them afresh.... which means the Govt would have to issue huge amounts of debt and not receive the proceeds