Yes but the US does not allow audits on their gold reserves. They could print as many dollar bills they wanted until the Nixon shock. That ended, and as a con

Yes but the US does not allow audits on their gold reserves. They could print as many dollar bills they wanted until the Nixon shock. That ended, and as a consequence the economy is not doing as well right now. If not but because of exclusive deals (e.g: oil) it would be very hard to justify the dollar current value.