It's the dollar, not S&P; and all must have prizes

``Yes, S&P long awarded spotless credit ratings to what were essentially frauds, so the agency's credibility is less "standard" than "poor." But the company's mistakes are no rationale for continuing them... these days there is no genuine market for U.S. government bonds, as most are being purchased by the Fed and by foreign central banks as a matter of trying to hold the world financial system together. Without such purchases, particularly by China and Japan, there's no telling what U.S. government bonds would be worth, if anything... What's relevant here is only the value of the dollar.