What would happen if the world's debt disappeared?

https://www.youtube.com/watch?v=HHcmqWvbRMU
Original Youtube Channel: Stuff They Don't Want You To Know - HowStuffWorks
Jul 9, 2016

It’s often said that money makes the world go round – so what would happen if there was no money left? Would it be a paradise or pandemonium?

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Sources & Links:

https://www.nerdwallet.com/blog/credi...
https://www.treasury.gov/resource-cen...
http://www.moneyfactory.gov/images/Fa...
https://www.ssa.gov/oact/trsum/
http://www.nationaldebtclocks.org/
http://www.multpl.com/us-gdp
http://www.wsj.com/articles/puerto-ri...
http://www.bea.gov/newsreleases/inter...
http://data.worldbank.org/country/uni...
http://www.npr.org/sections/money/201...
http://media.npr.org/assets/img/2011/...

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What would happen if the world's debt disappeared?
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