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 What is the US dollar backed by? 
It's backed by the promise that we, and our children and  grandchildren and great grandchildren will be salves.
Plain and simple. 
 "No generation has a right to contract debts greater than can be paid off during the course of its own existence."
- Credited to either George Washington or Thomas Jefferson. Not clear which one said it, or if either really did but it's still a good hard hitting quote regardless.