Debt, Sovereignty & The Legal Loopholes Banks Don’t Want You to Know — Tommy A. Kilpatrick

In this explosive episode of Mind Over Matter, we meet Tommy A. Kilpatrick—a former teacher, farmer, and author—who voluntarily took a vow of poverty to uncover the truth about the financial system. After racking up over $85,000 in credit card debt due to a canceled publishing deal, Tommy refused to play by the banks’ rules. Instead, he took on the system pro se, filing federal lawsuits without legal counsel—not to win in court, but to prove a point. His mission? To reveal the fraud he believes underpins the modern credit system.

Tommy breaks down how alleged credit card debts from banks may lack legal standing, why invoices and promissory notes matter, and how closing your "free" checking account might just free you from hidden traps. If you’ve ever questioned the legitimacy of your debt, this is the episode you can’t afford to miss.

About the Guest: Tommy A. Kilpatrick is a truth-seeker and author who walked away from traditional life to expose what he claims is a fraudulent credit system. Through lived experience, legal challenges, and supporting others in clearing debt, Tommy shares unorthodox yet thought-provoking insights into the true nature of debt and personal freedom.

Key Takeaways :

• Not all credit card debt is created equal—Tommy explains how to distinguish between store-issued cards with invoices and bank-issued credit cards without legal loan documents.

• He argues that if a bank cannot provide a promissory note or invoice, the debt is legally unenforceable.

• Filing a federal lawsuit—even one that gets dismissed—can lead to the debt being wiped from your credit report. Tommy shares how this happened in his own life.

• The power of language matters: using the word “alleged” when referring to debt can protect your legal standing.

• For those feeling overwhelmed by debt, the first step is asking critical questions and requesting the bank provide legal proof of the loan.

• Tommy offers free consultations and access to his book Forget and Forget: How to Nuke Your Credit Card Debt to empower others.

Note: Tommy shares his personal experiences and beliefs. Listeners are encouraged to consult certified legal and financial professionals before taking action.

 

Connect with Tommy Kilpatrick:

Email Tommy for a free consultation and a copy of his book

• Book a free 15-minute consultation: https://www.diy-debtrelief.com/

• Facebook: https://www.facebook.com/profile.php?id=61571446316625 

• Book: Forgive and Forget: How to Nuke Your Credit Card Debt (free with consultation)

• Amazon Book: https://www.amazon.com/dp/B0D1DV398C?ref_=cm_sw_r_ffobk_cp_ud_dp_TABG4YT3DN97G3VGCE7F. 

  Email:  [e-mail]

• Message from the guest:

  "Please don't shoot the messenger. I see myself as the accountant who discovered this massive bank fraud. Not unlike this guy: Newsweek: https://www.newsweek.com  › letitia-james-fraud-accusation Apr 24, 2025 — Sam Antar, the financial expert who accused New York Attorney General Letitia James of mortgage fraud, released new documents this week as part of his ...

  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.

   

  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 video he explains how to get free money from the bank: