300- Banking Deception Exposed with Tommy Kilpatrick

Tommy Kilpatrick, a retired teacher and author, challenges conventional understanding of bank-issued credit cards by claiming they represent a worldwide banking fraud rather than legitimate debt. Following a personal financial crisis where he accumulated $85,000 in credit card debt, Kilpatrick discovered what he believes is a fundamental misrepresentation in how banks issue credit cards and collect payments.

• Distinction between store-issued credit cards (legitimate debt backed by goods/services) versus bank-issued cards (allegedly fraudulent)
• Bank-issued credit cards function more like gift cards since they lack traditional loan documentation (promissory notes, income verification, collateral)
• After filing federal lawsuits against banks, Kilpatrick had his debts removed from his credit report within 45 days
• The modern banking system allegedly creates money through accounting entries rather than lending existing funds
• Process for challenging bank-issued credit card debt involves demanding evidence of legitimate debt (invoice, promissory note)
• Working with accounting professionals can verify these claims and help prepare appropriate documentation
• Even after challenging bank practices, consumers can still obtain new credit cards and rebuild credit scores
• Banks allegedly profit approximately $23 per month from the average cardholder through fees

To learn more about challenging bank-issued credit card debt, check out Kilpatrick's book "Forgive and Forget: How to Nuke Your Credit Card Debt" available on Amazon, or schedule a 15-minute free consultation to receive the book for free.

Show Notes

1. Banks don't lend money:  https://www.educatedinlaw.org/2017/03/banks-dont-take-deposits-banks-dont-lend-money/#


2. Banks must have a promissory note for the bank to grant a loan.
https://upload.wikimedia.org/wikipedia/commons/4/4a/Modern_Money_Mechanics.pdf


The Federal Reserve says the only way a bank can make a loan is if you first sign a promissory note to pay and the bank will enter numbers in your free checking account.  Page six, right column, second paragraph, second line.


3. Fraud undoes all contracts.
https://casetext.com/case/vokes-v-arthur-murray-inc


The bank says you used the card, therefore you are contracted to our terms and conditions, but Hirschman v. Hodges, etc., (1910) In this case, the Florida Supreme Court found that a contract could be rescinded based on fraudulent misrepresentation.


4. Banks match your deposits and all you have to do is to withdraw it and close the account; the same when the bank gave (GAVE YOU) a bank-issued alleged credit card that was in fact a “Gift Card” to induce you to be a customer, in this vide

Chapters

• 0:00 Introduction to Credit Card Controversy
• 10:15 Guest's Financial Disaster Story
• 21:56 Understanding Bank Fraud Allegations
• 33:51 Differences Between Store and Bank Credit
• 46:58 The Gift Card Theory Explained
• 59:13 How to Challenge Bank-Issued Credit Cards
• 1:08:51 Practical Steps to Close Bank Accounts
• 1:17:03 Final Thoughts and Book Promotion

Transcript

Speaker 1: 0:06

Welcome everyone to Politically High Tech with your host, elias. I have a very interesting newcomer and, based on your opinion and your takeaway, some are going to say this man is brilliant and for those of you who don't believe him and think he is crazy, he might make you commit a crime. I cannot control how you think. I'm going to leave that up to you. I'm pretty skeptical myself because we've been taught a certain way about this and the top. I'm going to say right off the bat it's credit cards, okay, and terminologies with it. And someone's going to say, wait, what there's, that, oh, that's revelation, that's gospel. Someone said, whoa, what the heck do you mean by this? Are you crazy? Are you? Are you really going to try to, you know, make me commit a crime here? I don't want these people coming to me harassing me. I owe this money and all that so we can get into it. But before we get into it, I'm going to get straight to it because this is going to be so interesting to me and me. I'm going to be honest, if I'm going to be fully transparent.

Speaker 1: 1:19

I am a skeptical myself. There's still some things that's not connecting with my brain, especially since we've been told to use a credit card. A credit card is a little plastic thing we use with certain limits and we owe money to the bank. That's what we've been taught. Okay, it's credit from the bank. That's what we've been taught. We're going to see how much this is going to be challenged or we're going to stay stiff necked. I cannot predict the outcome here. This is why it's exciting. Don't think this host got a freaking crystal ball oracle here? I don't. I don't know where this is going to go. Well, before we start that, let's have Hami Kilpatrick introduce himself before we get into it. So welcome to Politically High Tech. What do you want the viewers or ancestors or the listeners to know about you before we get started?

Speaker 2: 2:02

Thank you very much, and maybe I am crazy, or maybe I'm going to ask you to do something illegal, and that's exactly fine, it doesn't matter at all to me. I will pick background history. I'm a retired teacher and an author and I had written a book on health and healing and it was so popular that I was given a infomercial contract back in 2004. And I needed to be test marketed because we needed to find out what worked with the audience the best. So for about six months I was on radio shows all across the country To live on that. To live, I needed to use my credit cards. So I had three credit cards and didn't max them out, but got up to about $85,000.

Speaker 2: 2:42

And then what happened? Why would you spend that much money? I was promised about $100,000 a month, so I thought life was going to be very good. So into about six months, one of the other talents he got in trouble with the FTC. He made some claims in his weight loss book that wasn't true, and so the company got in trouble and all the new talents contracts were canceled. So I was expecting $100,000 a month and now I owe $85,000 of credit card debt. So that's the situation I was in. This is already a very interesting story here, people.

Speaker 1: 3:17

Does he conquer this debt, I'm sure some of you were asking or does he still live by it and somehow escape? He did something shady. We're gonna find out. We're gonna find out. So I mean sorry that happened, really, because that's very unfortunate. He was promised a, but you got screwed because of someone's lies and irresponsibility, which is not your fault at all. Let's just be clear look, we could be skeptical, people, but we also got to be fair-minded. Try to use objective as we can here. I'm not going to be all Tommy bad guy. He deserved it. F him. No, no, no, no, no. That's rabid hatred. I don't go with that.

Speaker 1: 3:51

Questioning things, being skeptic, I'm fine with Okay, because we should question things. Okay, and you know we, you know parents. They did the best they could. They had to tell you some lies so you could stay in order. You know they meant well, but this is why it's good to be skeptical. That's all I'm going to say about that. So that's yeah, that's very unfortunate and that's you know.

Speaker 1: 4:17

He was promised great pay, you know, and he could have had something great, but there's a company screwed up and you know lawsuits and all that Doesn't matter how successful the company is. That's a lot of money. Even if you win, you still lose money in these cases. Based on what I've read, I you know lawyers should correct me if I'm wrong. Look, I know the plaintiffs. They win some money, lawyers get their cuts, but it's still, you know, expensive to fight, even when you win. I think it's more expensive to be the loser. Oh, because you got to hold the money, of course, and I don't know how the lawyers can get paid or whatever, but I'm a lawyer here, I'm not going to get deeper to that. So that's very unfortunate. And so how did you start tackling this $8,000 debt? I'm still programmed to call it debt.

Speaker 2: 5:07

What had happened is well, first of all, I want to start off. I'm a doubting Thomas, so if I'm doubting, I invite you to be a doubting Thomas, and all your audience. So don't believe anything I have to say today, okay. So what I want you to do, I have some show notes and there's links. So there's three links. Go to those links and look them up yourself and send this podcast to your CPA or anyone who's had one class of accounting, and they'll tell you wow, I've never thought of this before, but the guy's right. So I see myself as an accountant who has discovered a worldwide bank fraud. So I'm not surprised that you'll be skeptical and I actually encourage it because it's going to make it work a lot better.

Speaker 2: 5:48

So what happened is my fond law at the time was a judge and attorney and so, through encouragement of a YouTube video and him, I filed three federal lawsuits in Los Angeles. So I had the pleading. It explained everything, what the crimes the banks had committed. We're going along very well and we had discovery coming up and all of a sudden, I was called into court by myself. The defendant wasn't there, the bank wasn't there, and that's really strange. My phone line said that doesn't happen. What happens is the judge just wants to know if you're progressing, how's the discovery? Are we set up for a trial date? At this point here, the judge doesn't really do anything.

Speaker 2: 6:28

So I was called into court and he said Mr Kovacic, do you have a credit card? Well, let me start at the beginning. Oh, we'll start at the beginning later. Do you have a credit card? Well, really, it started off as a gift card. A gift card. Pull your card out. So I pull the card out in front of the judge, right, and he says read to me what it says there. Credit card. You're an idiot, get out. So he dismissed all three cases and I'm going. Now I'm going to be sued. I've got attorney fees that they're going to tack on to what I'm going to owe them. It'll be a hundred 200. Yeah, who knows what it's going to get to be. And about 30 days later I looked at my credit report and they were gone. All three banks on my credit report were gone. My score increased in 45 days.

Speaker 1: 7:09

So, elias, you explain that to me how the hell did that happen, despite this horrible, this horrible court experience? You was sure you was going to be doomed, based on what the judge said. He dismissed you, treated you like you was a crazy person or an idiot Judge's words right, I'm not sure it's verbatim, but something along those lines and all of a sudden, all that was just nuked, cleaned, wiped out, magically erased.

Speaker 2: 7:36

And I never received a 1099-C. See, my dad was a CPA, so I have the IRS as part of my DNA because he was a CPA. In my pleading I said if you send me a 1099-C and let me explain what that is If you obtain a loan from a bank and you don't pay it back let's say $100,000, that's considered income. So they notify the IRS that you got $100,000. So you have to pay, let's say about $35,000, $40,000 on that. Okay, because the bank can then file a tax deduction. See what I mean. So they want to file a tax deduction to reduce their taxes, to make more money. So that's the whole thing about the bank. They're ending up making money. But I said if you send me a 1099-C, I'm going to file a 3949-A. So a 3949-A is a statement you're sending to the IRS about fraud. And I told the bank if you do that I'm going to notify them that this is bank fraud. It's one, there was never an invoice. I never had a debt. Two, there never was a loan because they didn't sign a promissory note. And three, the other argument I have is that fraud undoes all contracts, so I'm not contractually obligated to the bank. So okay, but then why does all years and years of thinking about this? The only thing I can think of is one the bank does not want this as a public record. They don't want people to know that I'm a winner and that everybody else is going to do it.

Speaker 2: 9:01

The bank is on the side of society. That's what my father-in-law told me many times is that the Supreme Court rule one way and the exact opposite. So in 1954, they ruled that segregation was illegal, but in 1896, they ruled it was legal. So the Supreme Court goes with the flow of what's popular at the time. So not every time, but generally that's what they do. So they didn't want this to be known.

Speaker 2: 9:27

The judge must have read my pleading by that time. It takes him a while to get through. And now maybe the bank was going. Judge, we don't have an employee who's going to show up for a deposition, swear underneath the Bible and with penalty of perjury, meaning claiming a fine and jail time if they lie. They don't have the evidence that he's asking for, so I can't tell you. But it was weird to be called into court without the other party there out of the blue. But it was coming up to the deposition.

Speaker 2: 9:56

That's the only logical figuring I can do is they don't want this to happen. Then why doesn't everybody know about this? Is I think the bank has you sign a non-disclosure so that keeps it quiet, so nobody knows. It's a fraud. I'm not a genius, I'm not somebody super smart. I don't have the inside information. I didn't work for the bank. I'm an accountant, I know how to count and I have a memory, so other people must have figured this out. Other people are doing it and the only way you don't know about it is it must be a nondisclosure. It's all I can think of.

Speaker 1: 10:26

Well, I'm going to have to review everything I signed in to see if it's nondisclosure. I think if it's promissory notes is the one I could really get. They get you there. Correct me if I'm wrong there. And you say it's a statement, it's just a list of goods you buy. You deal with the business like, for example, you know I order a new laptop, right, then that company will give me an invoice. I mean I have to pay that. I mean there's no argument there, unless I want to be a fraudster and all that. There you go.

Speaker 1: 10:54

Reputation, you know my financial, my financial health, all that goes down the drain. That's straightforward, right? You don't have to be uh, you don't have to be a genius in any sense, you just got to basically understand what these are. I think a lot of things you touch is terminology. I think that's important because we just assume we know. So we look at the definitions. That's the thing I've noticed when I read someone say wait, it's terminology. And so it says you got to get to the root of the word, what they mean, as opposed to because we are programmed the average person is programmed to pay those statements. It's true, it says statement. It says, say, bill invoice. So that part is true. It got me thinking, my own bank, seems.

Speaker 1: 11:41

And then let me just do a little temperature check with my listeners of viewers. Are you still with me? Are you getting lost yet? Either way, this is going to be very interesting. That's all I'm going to say. For sure, that's the only thing I could guarantee. You might not like it, or you might love it, I don't know. I don't know, I can't, I can't. You know, I wish I had a crystal ball and stalk you for a second to get the pulse of what's going on here, but I'm not going to do that unless I do this live, which this is not live. This is a prerecorded. But regardless, I'm going to get your comments. I want you to comment. Is Thomas onto something or is he making you a crook Comment? Just comment. You have to comment six. Right, I encourage first aid. We're a real Comment? Just comment. You have to comment. I encourage first aid, or real first amendment. Type it down. If you get cancelled, it's because of YouTube, not because of me. Okay, just remember that. And then it'll be eventually uploaded to Rumble, where it's a little more safe to express your crazy opinion. Okay, that's all I'm going to say about that I want to dig deeper into.

Speaker 1: 12:39

So you countered the 1099C with the. I need the form number for the fraud report again because I'm pretty sure I didn't catch that. Make sure you're listening all my audience and viewers and say all of your host is deaf. Feel free to say that. I'll just make sure I'm right here, because that report's fraud. Instead of them saying C is like a what. I never got that form before. Things used to report what Income. If they report it's income, they get like a what. I never got that form before. Things used to report what Income. They report as income, they get like a lower tax. Am I correct?

Speaker 2: 13:10

Well, it's a form for someone who gets basically a loan that doesn't pay it back, so it's an income without having to work. It's not a job where you get paid, okay, gotcha.

Speaker 1: 13:20

Now, this is just from my own understanding, because I want to make sure I really understand it. Gotcha, no, this is just from my own understanding, because I want to make sure I really understand it. This is mind-boggling, even for your host. I said this is something that is going to challenge normal people's thinking for sure, whether you think it's brilliant or not, because we're just programmed to pay them, okay, we treat them like it's an invoice, but it does say bank statement.

Speaker 2: 13:43

Well, as you were saying, law is language and language is law. So let me ask you and your audience, and implies, to me too is it possible that we have been lied to, doctrinated and brainwashed? Is it possible?

Speaker 1: 13:56

Give you a few seconds to answer or you can always rewind or cheat the time limit thing here. I'm not going to enforce that rule, I just want some good answers. I'm just going to enforce that rule, I just want some good answers. I'm just going to answer just strictly for me, right, just strictly for me. I would say I would say yes because based on looking language we just we assume program based on maybe we learned this as a kid or as a young adult, based on what your parents teach you. You know that molding that condition, you don't really question it, unless you're, unless you dealt with a great opposition that challenges that.

Speaker 1: 14:31

So and most people haven't gotten that yeah.

Speaker 2: 14:33

So we know. We know what a lie is. But when it's told generationally, so what if you've been told a lie for 60 years and that's going to be indoctrination Now? If you don't question it now, it's brainwashed. So I'm not here to throw derogatory words to your audience. No, I'm also pointing to myself too.

Speaker 2: 14:52

So how we stop that is that we use the word allege. Okay, so we watch the TV, we see a bank robbery in progress and they always say allege bank robbery. Even though they dropped their wallet, the reporter picks it up off the floor, opens it up and shows the guy's name. We know who he is. It's still alleged. So when you start using the word alleged, you stop becoming brainwashed and now we can talk about the indoctrination of the lies. So that's all I'm revealing are the lies we've been told, and it's going to take a while to go through this, but it's a very simple way to understanding it, because the bank does not have an invoice and all you have to do is ask for an invoice and that shows the product they sold or the service they provided for you has a date, has a taxes, has a shipping, has everything on their terms and conditions, and that's what we pay from is an invoice.

Speaker 1: 15:44

Allegedly I'm trying to protect myself here. Hey y'all, just you know it's just sometimes I forget to say that which I can actually get me in trouble. Feel free to hold me to the fire. Listeners and viewers, you know I encourage that. You know I encourage you to challenge me. But if you just say I'm stupid or fat, I'm just going to ignore you because you're just a child to me and I don't care about your childish or peanut opinions. But if you have something critique or constructive, even if it's challenging me and my ego, which I don't mind, then I will address it. Sometimes I like that.

Speaker 1: 16:17

There's certain comments I have that disagree with me. I say, oh, you do bring up a good point. I'm just trying to find I was trying to make myself wiser and grow. I'm trying to have a growth mindset. So just say, oh, I know what it is. Tommy's dead wrong. He's lying to us all. We got all the banks needs money and I could just defend the bank, say, well, maybe they're using the wrong term. Maybe you should call it an invoice instead of a sort of a statement. You know, if I was like a and trust me there, there is a scene in his book about the guy that tries to defend that. I'm not gonna say the name, but just know that his name in latin means wicked. Okay, he tried to defend that. Okay, that's all I'm gonna say. Uh, not too much away.

Speaker 1: 17:04

I think you should read it for yourself. It's an interesting read. I don't want to say humorous, but for me it was more. I was just so mind-blown that I couldn't even laugh or just even just have a lighthearted reaction to it. I wonder what Malum's going to do. And Fidelis, that means faith. I mean, look, it goes well together. And then the witness well, the acting deck says Viral. I think it's truth, yeah. So I looked this up and the good thing I got to say about the author here he is author, by the way, as well. Let me just remind you of that he's not just a duped up CPA, whatever Some of you might think that that's fine, you can put it in the comment section, and but I'm not going to take you very seriously and he's not going to take you very seriously either.

Speaker 1: 17:52

I just say I'm just going to probably say oh, you just got a few negative comments that are not worth addressing. If you want to question what he's going to be like Tommy's, just a decrepit old man. He don't know what he's talking about. I dismiss you. All you want to say Eli's a dumb young idiot who just wants to hear his own voice. I don't care. I don't care about that either, and I do go through the comments. I just don't. You're not worth the response, because if I respond, that means I I'm validating something. Okay, rather it's positive or negative. There's some validation there. All right, that's what I'm going to say. All right, enough of my yammering.

Speaker 1: 18:33

And this is interesting, to say the least, because we don't. We just go based on life, especially generational, and mine was generational because I was taught by my mom to pay it as soon as possible. True story, and that's what I've been raised with. So I'm checking Is there a minimum? You could challenge that? That's my question. I'm sure people would owe a lot. You could challenge it. But what's that? Is there a minimum here? Can I challenge even one buck, one dollar?

Speaker 2: 19:00

up to millions. It doesn't matter. Because, again, what you said about and I agree, I want people to disagree with me, but disagree with the facts first. So when I state a fact, tell me that's not true. So read the show notes and you'll see the three links there. So when we kind of get into it, is that there are.

Speaker 2: 19:21

I wrote a book on forgive and forget, how to nuke your credit card debt. So now, with the word alleged, like you said, you can say how do I nuke my alleged credit card debt? So that gets us into a question of is there legitimate credit cards and illegitimate? And that's true, there is. So let me give you a story.

Speaker 2: 19:38

You need tires and you go to a tire store and you walk in and you say I really don't have a thousand dollars. I've got a bonus coming, I have a refund check coming in a month. I just don't. I can't afford it. But I need the tires or I'm going to die on the highway. And they say why don't you in-store, elias, eli is, go into the store and apply for an in-store credit card and if you get approved, great. So you do, you're approved, and they put tires on your car. They pay a technician to balance them and put them on your car and you drive away without paying.

Speaker 2: 20:10

At the end of the month you get a statement which is true and on that statement they have an outstanding unpaid invoice and you owe it. I'm exactly 100% with you and your audience as you owe it morally, legally, ethically, whatever you want to say. You owe the money because a store paid for their own tires to put on your car and they paid a technician to do it for you. So you owe the money. This is not a scheme to get out of debt. It's not even a scheme. It's just some information to you. So that is, if you challenge it, they have the outstanding unpaid invoice and that is true. So how do you know your Walmart card or Amazon or any department store, is a true credit card? Look on the back. On the back, if it says issued by Bank of America, citibank, wells Fargo, bank of London, bank of Tokyo, this works worldwide. I have uncovered a worldwide scheme, as you would say, from the banks, committing a fraud on all the people, and it's been gone for generations.

Speaker 1: 21:12

So let me see if I get this straight. So this is issue Biden such and such a bank, bank of America, wells Fargo, citibank, where major bank you could list, and I'm just this, american banks I was once I'm familiar with those are not as legitimate. I would say allegedly. Use the word alleged um and yep. I'm trying to be mindful here because, look, I'm not opening this to another lawsuit. That part I will. I, you know, that part I could be honorable with. So, whatever it was. So this issue about a store itself, then of course that would be legit. This issue about Walmart Walmart is a big one, walmart.

Speaker 1: 21:55

I don't know. Corporate Amazon, that's another one, but this issue about I think it's a lot more issue about banks Now it's a bank-issued alleged credit card.

Speaker 2: 22:06

So you just start with the word alleged. You don't be brainwashed folks. Okay, start with the word alleged. How do I nuke my bank issued, not a store issued, you owe that. But if it's a bank issued alleged credit card, now we can start that whole conversation about what happened.

Speaker 1: 22:23

You see all these viewers, are you paying attention to the nuance? I can escape every single debt. So you know, let's just debunk one framing I have here. He's not turning into a crook, that's been debunked, but he's just saying you could challenge the ones that are not allegedly truthful. Okay, let's just say it like that. It was a bank issue and, trust me, a lot of these cards are bank issue Right so think about this.

Speaker 2: 22:50

Years ago you'd go into the general store you say, hey Charlie, I need five pounds of flour, a pound of butter, you know, a pound of sugar. I'll pay you when my crops come in. They go oh yeah, ben, I got it all covered. So no problem at all. But they have an invoice. You owe the money.

Speaker 2: 23:05

The bank never did that. The bank is not a merchant. Did they put tires on your car? No, did they come at your house and do some plumbing work? No, so a bank is only involved in loans, so they're not involved in that. So they cannot issue a credit.

Speaker 2: 23:50

No-transcript 10C. And it happened. So I happened to help about a thousand people over about a 10 year period doing this. So I was doing this and no disclosure. But there were small amounts, but the larger ones they bank would push back. And that's where I have my expert witness CPA go in.

Speaker 2: 24:12

It's only when my people would not do it themselves, because when you have an attorney, that means that you're an infant or an imbecile and not to insult anybody who has an attorney representing them, but that's what you are admitting to be. Attorneys are there to represent someone else who can't represent themselves, and that would be an infant, children and imbeciles, people who can't have the mental capacity. Courts were never set up for an intelligent person who can talk to be able to hire someone to represent them. That was never set up that way. So if you admit you're an imbecile or an infant, go right ahead and have an attorney. But from my experience, they stabbed me in the back every single time.

Speaker 2: 24:51

I was at the court, we were at the hearing, we were at the trial, I had my expert witness. The attorney was well-versed in it. Then all of a sudden he would say this judge, I can't go in front of him, I got other clients. If I do that, I'm going to look like a crazy person. I'm going to look like I'm scamming the system because all the attorneys, the judges, are all been brainwashed and it's a whole system once you get caught into it. So if you say you have credit card debt, you've got debt, you can't get out of it, okay, you have to go and pay. But if you say, alleged now, you have the possibility of not getting out of debt, what if it was never a debt in the first place?

Speaker 1: 25:28

You're referring to something interesting about attorneys, I would say I would add that it's also politics. Some may know each other. You know some of these cover excuses. I call them just to back out. I'm sure they're not going to tell you that, but I'm sure it has something to do with that. Allegedly Can't prove that either. So let me just be clear. I could be wrong there, but that's my inference, that's my educated guess. We could say that's so interesting.

Speaker 1: 25:58

And attorney is true, because I think people who normally go to court without an attorney, it's true, because I think people who normally go to court without an attorney, yeah, they may be smart, but they're seen as crazy or a black sheep because we're just conditioned. And even movies I mean some movies show people defend themselves without the attorney, but that's more common in movies, I would say, than in reality. But I think we're just so conditioned to have an attorney because, oh, they know better, they're well-versed in law, they know how to navigate the legal gymnastics and, sadly, as American citizens, we're just good at outsourcing stuff away because we want to deal with things ourselves. So I will even add lazy or brainwashed to that as well as just, you know, infinite imbecile. Are you offended? Yet this podcast does not care about your feelings If you're offended. If you know it's not, you don't be offended. We've been taught certain ways and, as a host, I'm learning old ways that no longer serve or has been proven to be lies. Okay, let's just be clear. Look a lot of us in court, court, we're gonna look like imbeciles because this is what I've been taught to do, okay, and I. And then, if an intelligent person, I'll say the only thing that's a kind of upheld vow for an intelligent person is that they have to defend themselves.

Speaker 1: 27:19

Well, but you also have to follow the procedures and the quorum of the court, and they might not be well versed on that aspect and it might be held of the court. They might not be well-versed on that aspect and it might be held in contempt, even though they might be legally right, or I'm just, I'm just, I'm just pointing that out. So they got to study these at court. Decorum, you know, sustained overruled and you can't just keep questioning. If it's sustained because it's saying, okay, that's an inappropriate question. Find because the saying is okay, that's an inappropriate question. Find another way around it, or change the topic or something, or change their frame of the question. You know, that's what I think, but I think they could pick that up. But will they pick it up fast enough? You know, I don't know. Feel free chiming on that.

Speaker 2: 27:59

So what I'm saying is, you don't have to be an attorney and go through all this procedure. My position and what I'm proposing to do is to send a letter, and the letter extremely powerful, and you never go to court and in 45 days it's off your credit report. So if we can establish, first of all, the bank is not possible to have the invoice. So if you ask the bank for an invoice, they don't have one, perfect. Now you're going to say, oh, they loaned you the money. Now, you got to stop and think about this. When you went into Charlie's general store, you didn't go in for a loan. Hey, charlie, can I borrow $500? You took his product or his service and you owe it to him later. So you can't be both. But that's where the bank is lying to you is. They claim to be both one, a merchant, and the other side they're going to be a bank and loan it to you. Okay, let's go the route that they loan it to, because now we established that it's not possible for them to have an invoice and the invoice is the only instrument.

Speaker 2: 28:52

You can go into court and say, judge, these people owe me money. How do you prove that? Here's the invoice. Here's their signature, here's the date we went out there. Here's the products we've provided for them. Here's the taxes, the shipping, the terms and conditions. They didn't fulfill it. They didn't pay us. And we tried, we tried, we tried. We sent statements, statements. We've talked to them, we've sent debt collectors after them. So now we want you to demand that they pay us and get a judgment. So that's what you do. Let's go the route that they loaned you the money. Okay too. So let me ask you and your audience a question. If you apply for a loan and you are turned, down, do you still get the loan?

Speaker 1: 29:29

Few seconds of intentional silence this is not to be awkward or anything. Okay, they turn you down for a loan, so did you get the loan?

Speaker 2: 29:39

no, you don't get the loan. No, so if you apply and you do get the loan, then you go into the bank and you fill out loan documents. Do you remember all that paper you had to fill out? Okay, there also had to be proof of income. You had to prove you had income to pay this loan back. All right, because what say the bank has taken into court? The judge say you're loaning money to people who can't pay it back. You're predatory and that is where the bank is going to be criminally liable for taking advantage of people. So the bank has to have you bring proof and they question it. They might even do more investigation to find out that it's not true. And then they deny you the loan Even though they applied. You were accepted.

Speaker 2: 30:22

Once they saw that you don't have the income, they can't go forward with this. The next thing they do is they have collateral because they have to have something to sell to bring the money. Because you want a home loan, they take away your home. You want for a car loan? They take away your car. You go in for a personal loan and you put your yacht up. Well, they take the yacht away. So if you don't pay. They have something. Tangibly they can go out and take from you Legally, take it from you, sell it and then if they come up short, too bad for them, right, they weren't smart enough, that's not the court's problem. But if they came up long, they made money. They can't keep the money. So if you owe $100,000 and you put your million dollar yacht up and they sell for a million, they don't keep the $900,000. They have to give that to you. You lose your yacht, but you got $900,000. So that's what's happening. So they also have to look at your credit report, because they got to see some kind of history and your credit score determines your interest rate. And the last thing you sign is a promissory note, a promise to pay them back.

Speaker 2: 31:27

And that ties in to the second link, which is from the book Modern Money Mechanics. That was required reading for me in college in my accounting classes, and I want to make one correction. You said I was a CPA, my dad was CPA, I went to school to be a CPA but I never became a certified public accountant. I am an accountant but I'm not certified, I'm not a public, so that's okay. So you have to have these documents in line to get a loan. So since there was no loan, there's no debt. You don't have a debt loan at all.

Speaker 1: 32:00

Okay, I thank you for that correction. Yeah, I just rest on the father's true profession. I'm not going to use a ledge because that's proven. So that's my proof. I could call you the ledge CPA, but that's just a little dry humor in there. But, yeah, no, no, you're not a CPA. Thank you for that correction. See, I don't mind being corrected.

Speaker 1: 32:19

My ego's not important. If my ego was another person, he would have been killed. It would have been bloody, seen. Okay, he would have been killed, destroyed, chopped up, whatever. This is not a podcast for kids, okay. So you know, if the ego was a hostage, it would have died already. Okay, it already got killed several times. If you want to be bloody graphic, uh, this is proof. I don't care about my, my ego. So, yeah, he's not a cpa.

Speaker 1: 32:41

Okay, this is let's make that clear there's no alleged. There's no. Maybe this is solidified. This is certified fact, that is, you certified, they can easily prove that. Okay, I don't need to use alleged there. Alleged is kind of meaning you might be onto something, but at the same time, you could. You know, there's a chance you can be wrong too. So that's why you use allegedly, you know, even though we know the person died, but I say allegedly murder. But what if that could be an accident in the home, for example? You know I was going to be short here because we were talking about we're going to stick to the money here you know.

Speaker 2: 33:18

So did you sign a promissory note for your bank, issued alleged credit card.

Speaker 1: 33:26

And just now, let's just stick to the bank topic. You're signing your rights away. Once you do that, right, I mean, even if you're trying to sue them. A promissory note was okay, I promise you to pay this amount of money. It could be 50 000, maybe I'll go with 200 000 and then and that also explains how the bank could get your house, the yacht, the car, something valuable right has to be something really valuable that could equate allegedly, because sometimes it doesn't, sometimes the bank is foolish or sometimes, but even the person's kind of foolish, based on what you said, they have to owe the surplus of that right. But if you know, I, I owe 200 000, but the yacht was worth a million, so they got to give me 800 000 back. Right, I'll make sure I understand that.

Speaker 1: 34:15

Okay, there's a sign with promissory note, all that. So the thing he taught you about getting those bank notes you know that statement wiped out. Okay, it's not a debt statement that's disguised as a debt. Let's be clear, because we've been brainwashed to think that. So then the trick could work Right. So the bank has Correct me if I'm wrong, correct me if I'm wrong.

Speaker 2: 34:36

Correct me if I'm wrong. Correct me if I'm wrong. So this is what I'm proposing is not a scheme to get out of your debt. This is not to get out of a car loan or your personal loan or a home loan. This is strictly the bank issued alleged credit card. Now just think about this for a second. You purchase a fractional portion of a bank stock. They can do that. Now, right? So for $10, you're now a owner of Bank of America. Now it's your bank. It's your money.

Speaker 2: 35:02

Would you want to have the bank loan out your money to people who can't pay it back? Would you want your bank to loan out your money to people who don't promise to pay it back? What's going on here? It's the only way. It's federal banking laws and you can read it in the show notes. It's on page six of Modern Money Mechanics and it says right there that what banks do is they accept a promissory note and they write numbers into your free checking account. So that's what banks do you sign a promise to pay and they write any number they want. It could be a dollar, it could be a million, 10. Who knows, it doesn't matter. That's how they create fiat money and create inflation.

Speaker 1: 35:47

You hear that connection. Now, this is not the first time we talked about fiat and inflation in this show, you know. Even I'll talk about normally from a political lens. This is the financial lens here, and I think we need to know both. But I was to say the financial lens here and I'm going to attack my own brain, for example is even more important and more impactful, because it's how you know about how, why inflation happens and why these banks, you know they close down because of their irresponsible practices okay, and instead just say, oh, my goodness, what's going on? Why? Why is all this crazy stuff happening? I don't know where. When you have have knowledge, you have power, especially when you apply it correctly. Just having knowledge itself is not good enough. So let's just be clear about that.

Speaker 2: 36:25

So I want you and your audience to look up I'm sorry, let me say this real quick the loan thing.

Speaker 1: 36:32

I mean listeners of yours. I want you to be involved in this. I want to make this very engaging. Will you lend someone money who you have a very good idea it's not going to owe you? Just use, just use sense. I'm not going to use common sense, because common sense is dead. Just use sense, okay. Just basic logic. I can call it that. No, Right? So this is how the bank got to create their document trail, you know, and this, and I'm actually like this. He's actually winning me over, by the way, if I'm going to be fully transparent, because this is not as cockamamie as I've researched it.

Speaker 1: 37:03

I thought it was a little crazy. Some parts were some parts. I understood half and the other half was I don't know. I don't know. I hope he can debunk my skepticism, my negative thinking. I might call it cynicism, becauseicism will just mean he'll never come on the show. I'm already sold that. He's crazy. There's nothing he can do about it. I don't care. Tommy's crazy. He's smoking some great stuff to promote this, okay. So let's be real about this. I'm skeptical, yes, but I also had some negative bias on that. Maybe this is why I have this interview. Sometimes you have to challenge your own biases. That's a part of growth. You got to challenge what you've been taught, because everything you've been taught is correct or it can be incorrect. Go ahead.

Speaker 2: 37:51

Mine is like a parachute it only works when it's open. So what I want you and your audience to do is type this up on the Google and 1776 to present inflation rate of the United States, and you'll see a flat line. Flat line until all of a sudden, right about a World War II, straight up with inflation. So what happened to us is, I believe, that the Federal Reserve purposely created the depression by raising the interest rate. That's a true fact. They raised the interest rate, they choked off the economy. But what was the purpose? What was the reason Was to consolidate themselves and their power.

Speaker 2: 38:27

In the beginning of 1913, they had no power, they just had this shell of a corporation that was based in Puerto Rico, so it's not federal at all. It's like Federal Express has nothing to do with the federal government, it's just a name. So they needed to consolidate the power, and it took them to eliminate banks all across the country and have that bank holiday to force them to be closed or to assorb them, to force those directors or owners of the bank to come and meet with the big shots, and they were going to say if you don't comply, we're going to eliminate you. So jump on board. Once they jumped on board, that's when the fractional banking system started. And that's the whole story.

Speaker 2: 39:06

You sign a promissory note and they write numbers into your account. So everything before that, when someone loaned money to somebody, it took money out of the economy and gave to somebody else. There was that balance and it went from 1776 to about 1945. And all of a sudden it's just been nuts. So there's your answer of what's going on. So the banks don't loan you money. They don't take the potter's money and loan somebody else. And that's in the show note in the very first link. And even the second link will laugh at you. It's ridiculing you. Of course we don't take depositors money and loan it out. There wouldn't be enough money, so there is no loan. So you don't have a loan obligation with a bank.

Speaker 1: 39:47

And this one here. This is when I completely agree, because I've studied this, I've seen a surface level. I said, well, we didn't have debt, it's true. It was just this very, very thin line. And then it spiked up. It's just what the heck happened there.

Speaker 1: 40:01

Well, that's your answer, the most digestible answer you could get. Instead of you know you hear a bunch of words that's going to go, I'll say that's the most clear, concise, digestible answer you could get. You know, this is the fiat. This is fiat money. This is how it works. This does relate to you. So if you don't think you need money, uh, I would say you really smoking the good stuff and I wonder how you could live without money. And I actually, if you're brave enough and silly enough, I'm gonna be a little nice. I'm gonna call you stupid, silly enough. Feel free to put that in the comment section. Or if you're wise enough, you don't want to admit it, just keep it to yourself, okay, and that that's all I'm going to say, because what he's saying I can actually vouch for it, and if you don't believe us, you could easily look at it. Look, he got here, he got the show notes and it's going to be on the show notes. Everything here you said about strong. It's as my duty as a host. It's going to be there and plus, you know he's going to make some money too.

Speaker 1: 40:58

Let's be real. I'm for shameless plug-in. I'm pro-shameless plug-in, so I'd rather say I'm a villain. I'm supposed to say I'm a heroic person who's going to stab you in the back. Shameless plug-in is a courage. Okay, and I have read some of that. It's actually some good stuff. Just make sure your brain's not on adhd feeling. Okay, that's what I'm gonna say. It does. You got to calm down a bit, all right. So that's all that's what I'm gonna say here.

Speaker 1: 41:24

I'm so, I'm bringing a promise. I'm supposed to be skeptical, but I don't know he's actually winning me over. That's why I framed it neutrally, so I gotta give myself that space here that you know allegedly I was. You could say at the beginning I was more skeptical, but you know this. This actually makes sense because he gave you clear context.

Speaker 1: 41:42

This is only bank issued. This is not store. This is not car payments. So don't try this trick. The bank could be challenged. Okay, don't do this with a car, the yacht, uh house or whatever super expensive luxury item you want. Okay, that's a totally different story.

Speaker 1: 41:58

You know you sign us, I'm gonna pay them all that. Look, you don't have to read all of that. But it says along the lines okay, that's why I got all that long legalese, biblical word. But you just sign it because you know you're the pressure to or you're in a rush. Wherever the excuses, you already put yourself in that commitment and they're legally. You know they're legally, it's legally enforced, okay, so they sue you. Yeah, well, you're going to lose most of the time, unless they, you know, unless they screw up somewhere and order some technicalities, I don't know. Um, results widely vary. That's what I'm gonna say. If the banks somehow mess up the process along the way, then maybe, just maybe, you'll be scoffed, but that I cannot promise you. You know that's. You know all results wildly vary from there the three words.

Speaker 2: 42:48

This is actually the three words I have you to remember is follow the money.

Speaker 2: 42:54

So now let's follow the money. How does this whole thing start? Okay, banks advertise right To get you as a customer, so they spend money to get you as a customer. Years ago they would purchase toasters and wall clocks and if you came into the bank they would give you one to get you to open an account. Cost of money One time I saw in a newspaper it said come into our bank and deposit $25 and in 90 days we will match it.

Speaker 2: 43:24

Well, what did I do? I took my $25, put it into their bank, waited 91 days, went into the bank, withdrew my 25 and the bank's $25. And I walked out and closed the account. Now I have a question for you. Did I rip off the bank, did I steal from the bank, and was it immoral what I did? Let's say no, no, how could that be immoral? The bank said do this. I did it and I walked away with their money. It's the cost of doing business. Not everyone's going to sign up right. Money. It's the cost of doing business. Not everyone's going to sign up right. You got to remember that because that's going to come at the end of our podcast that's going to come back and haunt the people who are going to be discrediting me. Okay, so what happened?

Speaker 2: 44:06

What the bank did is they offered you a credit card. You thought it was a credit card. A bank issued credit card and you applied and you were approved and they sent you a gift card. Okay, if you don't promise to pay it back, if you have no promise, it's not a loan, it's a gift. If they didn't verify your income or have any kind of collateral, it obviously can't be a gift, because you are a shareholder and you would not do that. You told me that if you are a bank owner, you're not going to be giving people loans who can't pay it back, who don't have a credit score, who don't have, who don't have any. I didn't even promise to pay. So this is an advertising scam. It's done by a criminal.

Speaker 2: 44:45

So now we shift the words. We don't use this terminology of the criminal. We'd use the words of truth. And what the truth is. They mailed you a card. You remember some people got a credit card without even applying. Hey look, honey, I'm pre-approved. Look at that. We got a credit card. Great. So what did you do with your gift card. See, if you start using the correct words, you're not going to go down the rabbit hole of the criminal. So you went to, let's say, home Depot and you bought a toilet, a golden throne, and you're walking out with a toilet, the guy at the door says hey, wait a second, sir, did you pay for that? And you say, yes, I have a receipt. You didn't pay for that, did you? You didn't have $500. You didn't buy that toilet. You were given a gift, given a gift card and use a gift card. So who paid Home Depot that night or the next day?

Speaker 1: 45:33

Well, if I'm correct, that would be the bank, because it costs a good business.

Speaker 2: 45:38

The bank had to pay Home Depot. Home Depot is not going to let you walk out with their $500 toilet without paying, but they knew that they were going to be paid that night or the next day, so they had no concern about you. So they gave you a receipt. You own the toilet. Who owns a toilet? You do. If you receive, you own the toilet. Who owns a toilet? You do. Now are you going to get a statement from Home Depot in a month saying you have an outstanding unpaid invoice? Oh, you're not going to get anything from them at all. You have proof that you paid for it, so they're not going to be bothering you and claiming that you have a debt. Then what you got was a statement at the end of the month from your bank issued alleged credit card account. So let me ask you a question in your audience. If I have a normal checking account and I get a statement every month, is that a bill?

Speaker 1: 46:26

Insert Jeopardy music. I'm not sure I'm going to put that in there. Okay, let's fast forward. I don't got patience for it. My New York moodiness is kicking in. Cut the music. Bad music, free music. I don't got patience for it. My New York moodiness is kicking in. Cut the music. Bad music, free music. I'm a cheapo. Should be an Remember statement not invoice.

Speaker 2: 46:47

A statement is only an action meant to state, to say something. Now I have an experience you don't have. When I had my first job as an accountant, the CPA came up to me I didn't even know this guy and I'm just getting my desk organized. He put his finger on my face and he was angry and he said he did this on purpose. Later on, when I talked to him, he was a nice guy, but he had to do this to impress me. He said if you pay from a statement, I'm going to fire you. And then he was very nice. He said the reason why is that? The statement is only in? That's what they say. We could have paid that last week and you don't know that. So we only pay from an invoice. Look right over here in the corner. See that department head signature. Only department head signed approved invoice. Do you ever pay? So never pay. I don't want to hear their crying complaints on a phone. I don't want to hear about their statements. You only pay from that invoice. So an invoice is a true debt. So that is an impression I had on me. So the bank never has an invoice. So if you ask for that, they cannot provide that. So follow the money.

Speaker 2: 47:53

So what happens is you received this gift card in the mail. You could have not even applied for it and didn't sign anything. That doesn't matter if you signed anyway either, because fraud undoes all contracts. So you went to a store and you bought some of their product or had a service done for you and you didn't pay for it, but the gift card paid for it. You got a statement at the end of the month by your bank, issued alleged credit card statement that made it look like a bill. That is the fraud. That's what the banks have been doing, is lying to you Generalizationally. Your parents said pay it right away. So that's what you did.

Speaker 2: 48:30

You wrote a checkout. You're a good person, you're a moral person, but you're a victim. You are a crime victim. They're trying to wake you up, people. You have been a victim and so what did you do? You wrote a $500 checkout and mailed to the bank. Now here is an important question, and I got to kind of go slow so people really get it. A card came in a mail. You went and spent the money at the store. You get a statement at the end of the month and you wrote a checkout. Was that the first time you ever sent money to this brand new bank that you never even heard of that gave you this alleged credit card? Is that the first time you ever sent money to the bank? Because we're following the money. I'm now trying to follow your money. So you have it in your checking account, you wrote a check out and you mail it to a different bank. Is that the first time the bank got money from you?

Speaker 1: 49:20

Yeah, Is that true? Sadly, I won't be surprised that's a no, because they always find crazy ways to get money. I mean based on we got to go back, got to go back.

Speaker 2: 49:32

This is you, elias. You got a gift card. You spent it at a store. You have no connection with this bank ever before. They just sent it to you out of the blue. You wrote a checkout to Bank of America, even though you have a city, even though you have a Wells Fargo account. You wrote it to Bank of America and you mailed it to bank. Is that the first time the bank ever got your money? Okay, so that's the first time.

Speaker 2: 49:54

Now here's what the thing is Banks are only set up for loans. So if you go into a bank with no money, you hope to come out with money and that's through a loan. If you take money into the bank and leave it there, that's technically a loan, and this is the first time you've ever heard of this. But that's in your show link. The very first one says do not make deposits. What you are doing is loaning the bank money. They hold it security for you and as you spend the money from your checks, your debit card, then they have less obligation to hold it for you because the money's gone. They paid it out to all the people you asked them to pay for. So that's what you did is you loaned $500 to the bank and it's put in your free checking account.

Speaker 2: 50:38

Every purchase since then has been with your own money. You have been making payments, which is not a payment. It's a lie. You have making deposits. It's not a deposit. You have been making payments, which is not a payment. It's a lie. You have making deposits. It's not a deposit. You have been increasing your loan to the bank every month and you spend the money. It's your free checking account.

Speaker 2: 50:57

So that's what I'm telling you is to wake you up is that you have fronted all of the purchases after the gift card. So the gift card turns into a debit card. So, once you have the terminology correct, you have a debit card and there is not $1.3 trillion credit card debt. It's 1.3 trillion of what the bank wants you to deposit. There is no debt. There is no loan, because they could loan out money to people who won't pay it back. They know you're not going to pay it back because it's your checking account.

Speaker 2: 51:29

They did this to get you to be a customer, and what's a customer worth to them? $23.04. Don't believe me. I looked it up two months ago. Type it up. What does the average cardholder have to pay in fees and it's about $0.04 every month. So if a bank has a million cardholders, they're bringing in $23 million a month. In my calculations, one fourth of their profits. So all the banks all around the world, one fourth of their profit is based on an illegal criminal scheme of fraud to get you to pay $23 and four40 on a free check-in account.

Speaker 1: 52:08

Let's not forget the word allegedly. But yeah, no, this is. You know, I guess I had to challenge that because I've been doing this for a long time. It's generational, because this was, this is what World War II era, that's multiple generations. Right there, People, you don't need to be a math genius just to know that you know generations what? 15, 20 years relatively around there, and then you do from the world war ii to now, okay, that's, that's at least four or five generations, maybe. Yeah, so this is generational. So you know, so that's all. So, that's all you know. Yep, 80 years to be exact. Yeah, for the end of world war ii years, 80 years, 80 years. So for?

Speaker 2: 52:53

generations generational.

Speaker 1: 52:55

Yeah, four generations. Yeah, it was 20. Yep, four boom boom, if you want to be exact. So how do you deal with this?

Speaker 2: 53:03

so how do you deal with this whole situation? If you now know there's a fraud going on and if you don't want to continue with this, then I'm suggesting you withdraw your money from the credit card. You may have never heard it before, but let's use a criminal word max out your card. If you max out your card, what you have done is used their language and your son. What I'm telling you is you have a free checking account that you put your money in, because if you just follow the money, your money is in the account. Now, normally, if you go into a bank and say I want to close my checking account, oh, so sorry to see you leave us, elias. No, we don't want you to leave, but if you have to go, here's your $5.31. Bye, bye.

Speaker 2: 53:48

In this case, the banks confiscate your money. So it's your money in your free checking account. It's your money. Withdraw it before you write the letter, because all you're going to do is you need to write a letter. You can't go into the bank and just say close the account, because how do you close your bank-issued alleged credit card account? So you write a letter and in that letter you explain what the crimes the bank has committed and if they send you a 1099, what you will do and I have this all laid out in a letter and it's very simple to do, so that's the weakest part of the whole angle is to send a letter to close your bank issued alleged credit card account.

Speaker 1: 54:18

Well, audience and viewers, are you learning something? Now I'm putting on my serious hat. This is mind blowing for you and this is definitely challenging, I would say the mind-blowing for me. Man, this has definitely challenged, obviously, the vast majority of how people think about this. You just think we owe them, right, they give us service. We owe them.

Speaker 1: 54:33

This has been, just because it's popular, been done for a long time. It's mainstream. It doesn't always make it correct. Let's be clear Just because it's popular, mainstream, it doesn't mean it's correct. But the thing is we assume that because it's popular, mainstream, it doesn't mean it's correct. But the thing is we assume that because it's normalized. So that you know I'm not attacking just you.

Speaker 1: 54:53

This is an attack to myself as well, because as very young and I was picking on money concepts pretty quickly at seven years old I had to pay bills, I had to borrow money for the bank or use a credit card. I owe them, simple as that. I'm not going to make no fancy decisions I knew that or try to make myself sound like a mastermind. I'll be lying to you. That's all I knew. I just wanted the guests to approve my superior intellect. No, I'll be lying to you. I was brainwashed. Well, I'm getting on conditioning. It's currently in processing. It takes time, if you want to be honest, thinking of this differently and just because it's different doesn't make it wrong. It might feel weird because it's challenging your set of assumptions that's been ingrained for you. Parents, grandparents okay, ain't just mommies and daddies, look, this is not to attack them. This is a massive, massive conditioning that they have done to us. Okay, and I'm just going to use a nice word conditioning, because we think a certain way, we assume a certain way, and that's it. You know, we don't think, oh, the bank has pulled an alleged fraud against us. I mean, I will not think of this. I will just think, oh, this is just normal Part of the business. That's how most people think. So you know, I'm definitely learning a lot here. I hope you're learning something too.

Speaker 1: 56:12

Like I said, you just check, challenge the show notes. Don't take his word for it. Don't take my word for it as well. Check the show notes. You know he's not just saying something to say something. He the receipts. That's a cool kid's term, you know proof, evidence. For the traditional generations, the cool kids call it receipts, evidence, proof. Okay, check the show notes. He bought the documentation. Okay, so he's not just speaking craziness. This is not, you know, weed talk or anything like that, or a drunken idiot on the street just spewing nonsense and rants. Screw me up.

Speaker 2: 56:48

And this is not sovereignty either. This is not bills of exchange or some crazy argument you have. This is basic accounting, basic business, and all I ask you to do is follow the money. And when you follow the money, it's your money in your account. So if you have a checking account and you want to close it, you can close it and it's your money is in the account. So when in the show notes on link number four is a guy who promotes this on YouTube that you go into a bank and you open an account where they match the money and he's made $361. He's thrilled to tell you, do that. What I'm telling you is the exact same thing as when they sent you that $500 credit card or $500,000 a line of credit. It's your money, it's your gift. So you can take that money now because they're going to confiscate it if you don't do it.

Speaker 2: 57:38

So your first letter that's what I would send to all my clients that came in with an alleged bank-issued credit card and they would take it off the credit port. That's all you want them to do is a click. So how you can really make it much more effective than just that is to have your CPA. I will not work with anyone without a third party verification. So you want me to help you. I will not help you unless your CPA or someone with a class of accounting tells you that I'm right. Your CPA or someone with a class of accounting tells you that I'm right. You have this.

Speaker 2: 58:09

Next letter is from your CPA to the bank saying there is no invoice. If you have one, please provide it. But I don't think you did goods and services to my client. Two you violated federal banking laws, because the law requires you to have a promissory note. My client never promised to pay you back. There is no loan, there was no promise, and so then that's good.

Speaker 2: 58:30

Take another step further and I want to talk to your attorney. How many scammers want to talk to your attorney? But I have to have the CPA first. The attorney has been brainwashed so they're going to say, oh no, you owe the debt. Then I got to go through the whole argument. They're just going to throw up objections. They won't listen.

Speaker 2: 58:46

But that's why you have an expert witness. Attorneys don't give testimony because they're not considered an expert in that other field. That's why you bring experts into court and it's verified on both sides. They're a witness, an expert witness, so then they can testify. So you have your letter from your seat, from your attorney, saying that fraud undoes all contracts. And now you're going oh, it's going to cost me $200 or $300 for an attorney, no, no Legal Shield. For $29, you have access to an attorney for a month. Only use a service for one month. So for $29, you have an attorney that writes a letter to the bank that says, first of all, that fraud undoes all contracts. My client is claiming that you have done fraud. So if there is fraud, the Supreme Court has ruled over and over and over again that this is null and void. So my client has no contractual agreement with you. They claim they have a checking account. They want it closed.

Speaker 2: 59:40

Then the next part if you really want to hit them hard, that's with people with $2,200, $200 million of bankage-to-debt credit card debt you want to show them that you are about to file a civil lawsuit, just like what I filed, but in much more detail, and what you do is also send them discovery. Now, normally you don't do this. You file the lawsuit, you wait and it takes six months, a year to get through. No, you send the bank everything up front so they know you're going to be asking for documents, you're going to have questions, you have admissions and then you have a deposition date which is set 10 days in the future and you give them several dates to pick from. But here is the best part you have an injunction. Now, when I was talking about this before, people would know what I'm talking about Today, with your politics, what does Trump do? And then what's the opposition? Do they file an injunction? Does that stop Trump? Absolutely. They got to put the brakes on everything because they filed an injunction.

Speaker 2: 1:00:40

Elias, if someone is bothering you, you can take them to court, not to win a judgment against them, but just to have them stop. That's called an injunction. So the bank receives this injunction. They're going to be looking at that. If they file a lawsuit against you, you file the injunction very simple piece of paper to respond to and it says to the judge these people are full of baloney and make them come to you with a unpaid outstanding invoice, a certified copy of my promissory note, and I'm also asking them for an affidavit of debt. Someone inside the bank has to swear out on a Bible, with penalty of perjury, that they're gonna go to jail or a fine that they actually have in their possession the outstanding unpaid invoice, or they also have your signed promissory note, not a certified copy. They have the original to bring into court and they are claiming that you have a debt. If they don't do that in 30 days, they're now in contempt of court.

Speaker 1: 1:01:39

Nice bell ring. I know you've been hearing. You know rooster sounds and bells. You know, hey, this is diversity to you. They're the unofficial guests. The roosters and the bell Deal with it. People, I'm keeping them. I don't know if the AI is going to get rid of them. I'm not going to make that promise, but they stay there. You know what? I'm okay with it.

Speaker 2: 1:01:59

To a church and there are roosters outside.

Speaker 1: 1:02:01

But yeah, I didn't hear the crow, yet you know it's morning over there. You know I'm recording 6, 14 pm Eastern time. I forget what the exact time is, but it's the Philippines, so it's exactly 12 hours ahead. So it's 6 in the morning.

Speaker 2: 1:02:16

Come to church. We're going to church a little later on.

Speaker 1: 1:02:19

So rooster, so roosters and all that. That's why you're hearing that from the other side of the world. Literally A little culture shock to those of you who are used to clean American audio. Here's a small pill of culture shock for you, or just global shock, if you will. I also say global because it's not. You know, you're not hearing languages, you're not dealing with Philippine culture, so I'll just change it to global, a little global time zone shock for you.

Speaker 1: 1:02:46

Okay, now this is happening at the same exact time. This is the magic of time zones, I guess. Or you know, this is just time zones, two very distant time zones working hand in hand. It's interesting, to say the least. All right, enough of my time zone rambling. I don't know what we got there, but let's get to the thing. Hey, your host got to happen of just going on small tangents. I was going to get the court thing out, but this is mostly about banks. It does include the courts, because this is alleged fraud. Okay, just be clear. Alleged fraud. You want to say, I know it is, just hold the brakes. Yeah, let the court decide that. Okay, when you do the judgment, then you can say yes, this was fraud.

Speaker 2: 1:03:28

So what you send to the bank is a brick, a brick of paper, and you send it to the registered agent and they're the ones who receive lawsuits and they'll happily pick it up. They don't argue with you, they say thank you very much and they send it off to the attorney of the bank. That attorney is going to look at this brick and it's going to go. It's going to take me 40 hours just to start on this project and at $500 an hour that's $20,000. And they're going to file an injunction, which we know we don't have the paper. We know we're caught red-handed and all they want is a click off the credit report. So if that happens to you, it's off your credit report. It's not getting out of a debt, it's removing a derogatory item off your credit report, legally and morally correct, by closing your account. You don't want anymore. So then you can ask me Tommy, do you have a credit card? Yes, I do, and you know this whole scam's going on. Yes, I do.

Speaker 2: 1:04:19

I was living off grid about 12 years ago. The wife said get out and take the dog with you the best thing that ever happened for me. And I became homeless on purpose with you the best thing that ever happened for me and I became homeless on purpose. I also took a vow of poverty for 10 years to feel what it's like to be poor, and I traveled across the United States living on farms, and I wouldn't take charity. I always would work out my room and board and whatever I was at. And so I came off the farm about a year ago and I was going to go to the Philippines and I needed a credit card to book an airline and to reserve a car to drive from Maine down to New Jersey, to fly to Los Angeles and fly to Manila. So I applied for a credit card.

Speaker 2: 1:04:59

And who did? I apply to Capital One, okay, and I had no score and I had a clean credit report with nothing on it, and they gave me that's the important word, they gave me a $500 credit card. So how does that happen? I was a previous customer. I was still in their database as a good customer. That's one of the banks I sued for alleged $35,000 of alleged credit card debt. So it's crazy. So I used the card. I got me a score right away of 550.

Speaker 2: 1:05:29

I went to a credit union and got a loan, a little loan, and I make that payment every month and I do it automatically, so I'm never late, and that boosts me up to like 650. And now, over a period of time I use 10%, charge $50 on the card. I know it's a scam. I'm telling you. I charge $50 every month, pay it off, never carry a balance. I don't pay any fees. I'll never pay a fee to the bank. So I'm one of the 12% of the people who don't pay anything to the bank. And then what's going to happen? My score went up to 704 and I hear it's going to go a little higher from my last email. So I'm trying to get to 800 to prove to people that you don't have a debt. You can have that removed after credit report and still reapply for a credit card if you need one.

Speaker 1: 1:06:11

So that was going to be my next question. I would say is this going to shut you down for any opportunity for another credit card, Because you already gave them a hard time. They had to kind of let out that money because it was a gift they lost out.

Speaker 2: 1:06:24

See, you've been brainwashed. You're saying their money has been knocked out. No, it's your money in your checking account that they didn't confiscate. There you go. That's why they don't want to see you leave, Because if you leave, then they only confiscate. They don't keep making $23.04. They need that money coming in because it's a criminal enterprise.

Speaker 2: 1:06:45

And what do you expect criminals to do? Go straight. They're not going to go straight. These are banksters. There's a reason why we call them banksters, and so now you know what the story is. You can choose what you want to do. But again, I always want to tell you send this podcast to a CPA or anyone who's had one class of accounting, and they'll tell you that I'm 100% correct. So you disagree with my facts. Where am I wrong? Does the bank have an invoice? No. Does the bank have a promissory note? No. Terms and conditions that you use the card are thrown out because fraud, and so you don't like the connection. One step after the next step I laid it all out for you followed the money. What you don't like is my conclusion that the banks are fraudsters. So if you have a problem with that, enjoy your credit card, enjoy your debt and go pay For me.

Speaker 1: 1:07:30

I was just asking because you already said we are the bank. Look, they're there to make money in business, right, with these services. You already said it worth about I'm not going to say the exact amount like $20 to $24 round average. So they're losing, I would say, a small profit. You already said everything was a gift. So they give you a five thousand dollar limit credit card. Your gift is five thousand, right, so she makes it out. So that part I'm getting, and I gotta channel the skeptics here for a second especially.

Speaker 1: 1:07:57

Okay, this thing is closed. What about if you need another credit card? Um, you know that's. You know that I was gonna, I was actually gonna get to that, so I'm gonna reframe.

Speaker 1: 1:08:06

You know, like I said, un-brainwashing does take process and I think it's like I would say I'm 25% brainwashed left as opposed to 100%, because I just thought he was kind of kooky and crazy when I first looked him up. Now I'm more, as far as certain nuances, I'm still a little. You know old habits die hard. You know, that's all I can say. You know old habits die hard. You know, that's all I can say. But you know, but these are still good questions to ask because there's going to be situations where you're going to need the gift card, the alleged gift card, to get you by. So you know, I'm just going to frame it like that. See, it's uncomfortable because it's a process.

Speaker 1: 1:08:42

You know, I was going to say, oh, credit card, that would be my normal response, but the bank's alleged gift card, right, okay. And I mean, there are situations where you're going to be forced and compelled to do it. So I got to say this is legitimate. Because it seems like, oh, tommy's such a hypocrite. He knows this is a big, massive scam and fraud, but yet he's still doing it. What's wrong with him? You know what? If I was that brainwashed, I would have said the same thing. But you know what, if you got to think nuance, you got to be mature. There's just times that sometimes it can look hypocritical. I'm a pragmatic person. If I could use a thing a lot less, to me that's an accomplishment. Personally, that's just how I do it, and Ronald.

Speaker 2: 1:09:23

Reagan said trust but verify. Three important words. So you can trust me but verify. Go to the show notes, look up those three links, check it out yourself. But also have this verified with your CPA or someone who's at at least one class of accounting and they'll tell you this is basic business.

Speaker 2: 1:09:43

You don't have an invoice, you don't have a debt. If you don't have a loan, you don't have a loan and they can trick you into thinking you do, but then that's fraud. Fraud undoes all contracts. So you do not have a contractual agreement. What you have is a free checking account with your bank and if you don't want to pay those fees for a free checking account, then close your account, but take the money first before you do that. So for most of my clients that I help and I have a free 50-minute consultation the clients I find I find the money on average. I find the pre-go about $2,000. They walk away with $2,000. They also then have their credit report cleaned up and they have a higher score in about 45 days, same time, right there, 45 days people.

Speaker 1: 1:10:23

So, listeners and viewers, I'm just going to check on you one more time because have we lost you or are you becoming enlightened by this? That's my question to you. This is just a simple temperature room check kind of question. Like I said anything crazy. Like I said, I'm just going to repeat what he said. You'll trust. You trust this or you don't have to just verify the account. I think you should just CPA, correct me if I'm wrong there, but check this podcast to see if he's spreading misinformation. Or and I'm just going to add me too if I'm instigating, promoting this misinformation, I want me to account as well.

Speaker 1: 1:11:06

You can see I say a couple of wrong things. I'm not going to deny it and this is a learning experience for me too. You know disclaimer I'm not a tax expert, legal expert, all of that. So that's a disclaimer and I got to make sure I put that in the show notes as well. Your host is not a legal expert, or even a finance expert or an accountant. I am not, even though I know some things, but still I'm not an expert. So that's the main point. I'll make sure you know that.

Speaker 1: 1:11:34

And look, I don't care, my ego's been killed. It's been killed many times. It was like a battlefield. That's how much eagles have been killed already, of corpses all over the place. Okay, that's how much of my that's how many times my ego has been killed in the podcast. Because if I want to feel my ego, I will never fight him.

Speaker 1: 1:11:50

I was like this guy's crazy. That was that was he talking about. We owe that big money. Duh, could have said that. I was like, hmm, there's something to it, no-transcript. So, oh, the host is promoting violence. Oh, no, no, no. Oh, they could, just they could do an AI, edit it. Look like I'm slapping you. Let's be careful with that. I like to have some fun. I knew he was a hard-ed person. Some people, I find, are going to take certain risks. Some people are like, okay, I'm not sure I can do that, so I hope we're really getting something out of this. Seriously, that's all I'm going to say, and then let's just kind of get the wrap up here. Is there anything else you want to add before we do? Shameless pockets of rap.

Speaker 2: 1:12:48

Just back to verify anything I have to say. Don't believe me, don't believe the show, just do your own research. And it's up to you, don't shoot the messenger. I am just an accountant who knows how to count and has a memory. So that's what I'm reporting to you is what's going on. So it's up to you to dig for what you want.

Speaker 1: 1:13:06

It's your choice in the end of the day, I like that and don't shoot the messenger. Yeah, I mean, look, I will support shooting a bear for a tax shoe. That's what I will support, like gun use, okay, but not a messenger. Okay, just calm down. This is not about politics. This is not Trump politics, it's not chunk kamala kind of craziness. Look, and I stood away mostly from politics because I'll have to take a break. It's crazy out there.

Speaker 1: 1:13:29

That's what I'm going to say, and I do cover politics a lot as an independent who don't like both camps, to be quite honest. So that that that's all I'm going to say about. So this is so. Yeah, it does have political references, but it's based on fact and you can't you can't always avoid it. So there's all've got the Reagan example and this example, but it's factual, I'm fine with it.

Speaker 1: 1:13:48

There's certain exceptions. I call these like gray area kind of rules. You know there's certain tolerance that you could just bend. It's like bend the rule, don't break it, kind of thing. Eh, okay, it fits. You kind of damaged the line a little bit, but that's okay.

Speaker 1: 1:14:01

Trust me, I know this audio or visual journey has been long and this has been a lot. And I said brain. One side of my brain is feeling pain right now because it's being challenged. Okay, and I'm sure, probably by the next episode, hold me to account. I want you to hold me by foot to the fire. I'll talk to another financial expert. I might refer back to saying certain things, either just to appease, or I am back to being re-brainwashed. That's up to you to figure out. Okay, he's not going to be the last. You know lead, you know finance expert I'm just going to say this simple term because it's finances Experts and I like finance experts because I feel like I learn the most from them. That and legal experts. And I got a shout out to Kirk Beck for promoting how to defend yourself in court even without an attorney.

Speaker 1: 1:14:49

So another anti-attorney of guests. You're not the first one. So we're going to burst that bubble. Kirk Beck is, and he came up twice because he had such great value. You know just so. You know we have to be. You know freedom comes with responsibility. People, if you don't want no responsibility, you don't want freedom. You can't. You know you can't separate the two and we try to do that. It doesn't work out all right.

Speaker 1: 1:15:15

Enough of my ms to the shameless plug-in. He has a lot of stuff out and feel free to chime in whenever I forget. Let's throw the first one forgive and forget how to nuke your credit card debt. I'm reading verbatim these are his words, not mine, and I know it's spicy to some of you people, and I'm sure he has other stuff he wants to share with you as well. He does got, I think, just a Facebook there. He's not much of a social media person, so that's going to be in a link as well, probably slightly above the show. Actually, I'm going to put the show notes kind of in the middle description show notes and then the social medias and all that Cause I want to make sure you're accessing the receipts. Okay. That's why I'm doing this, and this is a slight, slightly different practice, but it's okay. It's no big deal to me. Um, anything else you want to promote before I wrap this up?

Speaker 2: 1:16:00

Uh, the book is on available on Amazon. If you do a 15-minute free consultation, I'll give you my $69 book for free. I want to help you and I'm looking for the best client would be a company that is about to go bankrupt and they have, let's say, $200,000 of bank-issued alleged credit card debt. Their board of directors are all maxed out the wrong terminology but they're all in dire straits. Their employees are tapped, and so what I would like to have is the CPA sit down, which is their CFO most likely.

Speaker 2: 1:16:31

The CFO meets with all the employees and all the board members in one big room and says look, we've been scammed. We're going to be filing this lawsuit. If you want to be added onto it, feel free, but we're going to send this letter with a proposed lawsuit. So we're not going to file a lawsuit yet, but we're going to send us off to the bank and we're asking them to click it off our credit report. So the company is going to have no more bank-alleged credit card debt. The board of directors are onto this and any employee that wants to sign on, just feel free and we'll add your name to the letter.

Speaker 2: 1:17:00

So we expect, in 45 days, to have a half a million dollars of bank-issued alleged credit card debt off of our shoulders. And guess what? We're going to be viable tomorrow because we won't have to be paying out so much money for a free checking account. So that's what the CPA is going to tell them. Then the attorney says I've had all done fraud and does all contracts. And then you can have a priest or a minister come and say it's not immoral because you've been deceived by Satan and can show the Bible quotes and pay it to Caesar. But Caesar is. But not when Caesar is deceiving. You is Satan, so you don't pay Satan. So you can go many different directions.

Speaker 1: 1:17:38

Well, I think in this case I say, they max out their free gifts and then reapply.

Speaker 2: 1:17:45

It worked for me.

Speaker 1: 1:17:46

So go figure, yep, so, and then reapply. It worked for me. So go figure, yep, so. And then, of course, we're in the future, you get reapplied. So there's hope for you, because I'm sure some of you have that concern and I was thinking of that question. So what if they could say, well, but thing is, then again, come to think of it, your report is clean, yeah, so you're good.

Speaker 2: 1:18:03

And they want $23.04. So every single card member is not going to pay $23. I'm not going to pay them a single penny but because I'm added on, they know they're going to be bringing in on average $23.04 a month. So I'm helping their profits Looking at it that way. So reapply.

Speaker 1: 1:18:20

That's your worth as a customer, average worth, I don't know. It's going to be adjusted when inflation is going to go up. Oh, yeah, I would say yeah, I would guess. Yeah, sure, this is basic financial studies. I'm not an expert. Okay, don't say it. It's not a financial study. You're just acting dumb. No, I don't know. Okay, I could deceive you, probably with political narratives, but not with finance, but not with finances. Okay, that's all I'm going to say. Maybe I shouldn't have said that. Oh, now I get just what you're saying. Oh, no, please Come back and listen to me anyways.

Speaker 1: 1:18:50

You need the entertainment? Okay, you need some of the entertainment. Or you want to bash me? Okay, you want to feel good bashing me? Come on. Is it toxic? Yes, but hey, I get your listenership, that's all I care about.

Speaker 1: 1:19:03

The context is negative, it's, but hey, it's solicitorship, all right. There's freebies too. Come on, people, sign up, sign up, sign up. Don't hesitate. There's no excuse for hesitation. You get a freebie.

Speaker 1: 1:19:14

He wants to help? Okay, you know, you're not a big company, a lot of you, but go there anyways. Maybe a $200, you know, gift, you use $2,000. Gift a gift. I'm sure he wants someone to have millions of dollars a gift, okay, so go, just go there. The link is going to be in the description as well, and you can feel free to reach out if I missed a link. That's a very easy correction. That's literally two clicks. At worst case scenario, 30 seconds of correction. But it'd probably take like a day for internet to just fully reboot that. But for me that's easy. That's pretty basic computer stuff right there. So it's no big deal.

Speaker 1: 1:19:50

So, all right, let's wrap this up. I'm sure you've learned something, or you got angry and you're still brainwashed. Well, I can't help you there. Go see a therapist. That's all I recommend. So for my show, donate $3 with your gift card. Okay, be nicer. $3 with your gift card okay, the gift card, heck, be nicer. Put 10 something. All right, I don't care, I'm shameless. Put $10. I'll give you exclusive content. All right, you pressure me to give you exclusive content. All right, you're sort of my boss in that sense. All right, allegedly. It's not debt, it's the bank's alleged gift to you, okay, so use that gift. Spread kindness. You got more money than you think. All right, allegedly, allegedly, of course you know allegedly, allegedly.

Speaker 1: 1:20:35

So that's all I'm gonna say, like share, subscribe, comment. The whole youtube rumble, regular stuff and um. Give a review. I only only pay attention to apple podcast reviews. Okay, and give constructive ones. Give why you like it or why you think the episodes suck. Give reasoning behind, not just say it's great or it's lame, I don't care, I just want something with some substance to it. All right, that's all I'm going to say about that, and you know.

Speaker 1: 1:21:00

Comment about what you think of the guests and the hosts or both. Whatever your heart's content, no matter how pure or mixed or vile it is, just express it. The risk is on you. With YouTube, okay, but once it's on Rumble, you have a lot more freedom, and that will come later, because Rumble's my secondary account and, yeah, I think that's all I gotta say about that. Oh, if you want to be a guest, join on PotMatch. The link will be in the description as well. Join PopMatch. Popmatch does a great way. This is how me and him connected and he's been a wonderful guest. Not in a comfortable way, if I'm going to be honest, but in a challenging kind of way, and you need challenge to stimulate. Whenever you complete this audio visual journey, you have a blessed day, afternoon or night.