No. The current system is not a fiat money system, as the great majority of our money is issued by private banks as debt.Fiat system is what we have. It is under the control of the money issuer.
They make it out of borrowers' legal obligations to repay their debts.Because you hold some crack pot theory of "Debt" money - you are so twisted around, you think banks make money out of thin air
Nonsense. It is when debts are repaid that debt money disappears. I have already explained this to you.- yet! when any one tries to collect this thin air money ... it evaporates!