I agree. In fact if they inflate the money supply they devalue the currency that the debts are denominated in, so there's an incentive to inflate and there's no

I agree. In fact if they inflate the money supply they devalue the currency that the debts are denominated in, so there's an incentive to inflate and there's no money to spare to reverse QE anyway, so the bonds remain in existence forever, and all of those legal bindings I mentioned become somewhat academic. Well, technically bonds have a fixed term, but in reality they just issue new bonds to replace the old ones as they reach maturity, so again we're back to smoke and mirrors.