Before revision:  Upon its creation by banks, this kind of " value phantasy " is converted into " real money " often in terms of buyer's debtaccompanied by a simultaneous payment of fiat money to the seller.
After revision:  Upon its creation by banks, this kind of " value phantasy " Inevitably, the interest levied by banks in return for money created via monetizing debt systematically reallocates resources towards the financial institutions, and away from industrial and manual production, farming and labor. Unfortunately, the alternatives appear to be even more troublesome than the present state of affairs. Any system based on interest-free fiat money creation, in order to avoid hyperinflation through excessive borrowing of " real money " often in terms of buyer's debtaccompanied by a simultaneous payment of fiat money to the seller.