I think it’s the “bank holiday” route.
There will hypothetically be a time frame where (for example) if you have a mortgage, and you even had money to pay it, the banks would be closed and you wouldn’t be able to make that payment. Kind of like what’s happening with Sepah in Iran right now. Just everything is deleted.
Then blackrock (or whoever) comes in and takes your property/mortgage, but allows you to continue to rent it.
I assume the printing would happen after that. Or maybe at that point not even needed. Aka “great reset”