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History See other History Articles Title: Fr. Coughlin explains the Fed, 1940: This privately owned corporation 'thrives on misery' & is 'leading this country into chaos' On April 7, 1940, Father Charles E. Coughlin of Royal Oak Michigan gave a detailed explanation and condemnation of the Federal Reserve Banking System in his weekly radio address. Many people are familiar with the fiery youtube video clip in which an angry Fr. Coughlin rails against the Federal Reserve and shouts "They're not even Americans, these Democrats and Republicans!" However, the clip featured here is an hour long explanation of the system by in which Fr. Coughlin presents documentation from U.S. Senate testimony and other official sources. He also offered this information in printed copy to his listeners for no charge. The good priest was trying to explain to his millions of listeners that the Federal Reserve system had to go, that it took advantage of Americans, harmed honest hard-working Americans, and would inevitably lead to chaos and destruction for the nation. It is precisely this type broadcast, in addition to Fr. Coughlin's principled anti-war, anti interventionist , anti-Commie, and pro-liberty stances, which prompted FDR's eventual threats to put Coughlin into prison and shut down his broadcast. This is the 5th installment of the LibertyFight.com Fr. Coughlin Archives and we will feature more profiles of interest in the future. But for this month, with the 100th anniversary of the Federal Reserve approaching, this lecture from Fr. Coughlin on the 'Federal Reserve' and bonds is most appropriate. [Article continues here.] Martin Hill is a Catholic paleoconservative and civil rights advocate. His work has been featured in the Los Angeles Daily News, KNBC4 TV Los Angeles, The Orange County Register, LewRockwell.com, WhatReallyHappened.com, Infowars.com, PrisonPlanet.com, Economic Policy Journal, FreedomsPhoenix, Haaretz, TMZ, Veterans Today, IamtheWitness.com, The Michael Badnarik Show, CopBlock.org, and many others. Archives can be found at LibertyFight.com and DontWakeMeUp.Org. Post Comment Private Reply Ignore Thread
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