Join Bo DePaoli on "Raw and Relentless," where raw conversations meet relentless pursuit of truth. Dive deep into the worlds of business, investment, fitness, and more with industry leaders, savvy entrepreneurs, and fitness experts. This podcast is your go-to resource for uncovering the unfiltered truths and practical insights that can drive success in every aspect of life. Whether you're an aspiring entrepreneur, a seasoned investor, or someone passionate about personal growth, "Raw and Relentless" offers the candid stories and expert advice you need to thrive. Tune in and discover how to navigate the challenges, seize the opportunities, and stay relentless in your pursuit of excellence.
Join Bo DePaoli on "Raw and Relentless," where raw conversations meet relentless pursuit of truth. Dive deep into the worlds of business, investment, fitness, and more with industry leaders, savvy entrepreneurs, and fitness experts. This podcast is your go-to resource for uncovering the unfiltered truths and practical insights that can drive success in every aspect of life. Whether you're an aspiring entrepreneur, a seasoned investor, or someone passionate about personal growth, "Raw and Relentless" offers the candid stories and expert advice you need to thrive. Tune in and discover how to navigate the challenges, seize the opportunities, and stay relentless in your pursuit of excellence.
Episode 68:In this episode of Raw & Relentless,Bo DePaoli sits down with Tommy Kilpatrick, a retired teacher and author who claims he uncovered one of the biggest financial myths in America that banks actually lend you money.
After an infomercial deal collapsed in 2004, Tommy was left with $85,000 in credit card debt and no income. Instead offiling bankruptcy, he started digging and what he found inside a Federal Reserve manual called Modern Money Mechanics changed everything.
He says banks don’t loan out depositors’ money. They simply create credit by writing numbers into your account.
And when he filed a federal lawsuit against three major banks… his alleged debt disappeared from his credit report with no 1099-C from the IRS.
You’ll learn:
💥 Why banks don’t actually lend depositor money
💥 What Modern Money Mechanics really says about credit creation
💥 How Tommy filed a lawsuit and saw $85,000 erased
💥 Why skepticism matters more than blind trust
💥 What “alleged debt” really means and how language shapes law
Whether you agree with him or not, this conversation will make you question everything you were taught about money, credit, and who really controls the system.
Connectwith Tommy Kilpatrick!
Facebook: TommyKilpatrick
Website: https://www.diy-debtrelief.com/