If we do simply print money to make the debt go away- foreign holders of that debt would benefit from being the first to sell for a more stable currency. The l

If we do simply print money to make the debt go away- foreign holders of that debt would benefit from being the first to sell for a more stable currency. The last to sell would be left holding the bag, would they not? Wouldn't this cause a run on the dollar and destabilize the world financial system?