What Backs up US Currency Today?

Answer

Gold is held in the federal reserve. This is what backs up US currency today. This is the reason why more money cannot simply be printed whenever it runs short.
Q&A Related to "What Backs up US Currency Today?"
The US Currency is backed by the United States Government they are the ones who give it value. Without the US Gov. we would still barter gold, silver, and cigarettes.
http://wiki.answers.com/Q/What_backs_up_US_currenc...
Gold reserves held in Fort Knox used to be the mechanism for backing the U.S. dollar. That changed when the United States moved away from the gold standard in the 1970s with the Bretton
http://www.ehow.com/facts_5149828_backs-currency.h...
In God we trust. More than that, China has played a great role by buying a huge sum of US treasury bill. So we can say the China's economy is supporting the US economy, and the Yuan
http://answers.yahoo.com/question/index?qid=200909...
False US currency is currently backed by gold. Before 1834, money was back by
http://www.chacha.com/question/what-is-the-us-curr...
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