FIAT Money is debt/credit, and debt/credit is backed by deposits. I can't get credit out of hot air.
you can..
you do know that credit is a credit agreement.. the primary way banks "create money"..
you do realise that its not money movement from one account to another to give you credit.. the banks magic the money out of nowhere and you sign a credit card contract to hand them funds + a fee..
same goes for mortgages. the funds dont come from other peoples accounts.
when you realise that its created by nothing more then laws allowing them to create it under the use of credit agreements .. you will see that fiat is only backed by laws..
It's not created by nothing. It's created against a deposit (House, machines, salary etc.) Money is not a thing. Money is debt/credit.