Phony currency cracks together with a phony economy

The Fed's overnight moves to buy bonds with freshly printed Uncle Sam Dollars, which by the way was created out of thin air or a keystroke of the mighty supercomputers at the Fed, is just setting the wheels in play forces which the Fed will struggle to contain in the future. By debasing/devaluing the Dollar with more supply, why would one want to hold Bonds which is essentially a promise to pay you in devalued Dollars? I wonder if the Chinese Government is starting to pee in their pants as this is essentially a disaster for holders of Treasuries as inflation or even perhaps hyperinflation kicks into gear. The party is about to start..