Fed is genius? Correct me if i am wrong.?

By its QE1, QE2 programs Fed lowered bond yields to such a miserable level that investors had no choice how to invest money besides in stock market! This actually was the reason for the recent rally on the stock market since last fall. Simply they didn't have other alternative investment places for billions of dollars! Precious metals prices are already in the stratosphere. Besides running the printing press, they began to devalue the dollar which is currently the main cause of growth across all spectrum of commodities. Thereby pushing the inflation processes in developing economies, forcing their central banks to tighten the growth by increasing interest rates . But the most interesting! U.S pays his debt in dollars! It turns out that now the cheaper dollar, the cheaper it becomes to pay that debt ;)))) I am proud of U.S! truth kings of capitalism ... they will find a thousand and one way to survive in any situation.