[OJFord]

Assuming you don't want to start a war, it relies on them not 'protesting' too much.

It also relies on not needing to borrow again in the foreseable future, and probably not on good terms when you do (decades down the line).

Trying to arrange 'every nation collectively' doing so sounds like a risky exercise in getting everybody to agree to your plan, and not side with China instead and make your (and anybody who did agree's) situation even worse.

Strictly worse than just firing up the printers, IMO.