[ Other – Politics & Government ] Open Question : Would a global “master debt reset” on the economy be a global disaster for the economy the same as a comet impact?

ASB hypothetical scenario, If governments just signed a treaty declaring a global debt jubilee for all public private and sovereign debt would this be a global disaster? Would it effect the world economy worse than a collision with comet such as comet lovejoy (1500 feet diameter, very fast relative velocity to earth). Impact in populated…