Fr. Coughlin's New Years Day Message, 1933: Not Despair, But Hope Of 'Understanding The Flagrant Financial Abuse Of The Rothschild System'
By Martin Hill
[Originally published December 31, 2014.]



On January 1, 1933, Father Charles E. Coughlin broadcast his New Year's Day message to the American people. He spoke of "the concentration of wealth in the hands of a few, a system of unbridled financial control."

"No longer shall an awakened American public be lulled into inactivity by empty promises which are impotent to contradict present facts," he said. "On the one side shall stand the arrayed and determined forces whose watchword is love. On the other, the entrenched powers of those who believe in exploitation."

"...God wills it!' That is the watchword of the new crusader who is determined to rescue the principle of Christ's charity and brotherhood from the stupid hands of those who have tried to substiutute the doctrines of selfishness and the gospel of greed which have foisted upon us a man-made depression."

"This New Year's day is not a moment for dispair, It is the birthday of a new hope," Coughlin said. This hope is based on "understanding," Coughlin insisted- understanding of the "flagrant abuse of our financial system"- a "financial system originated by the Rothschilds," he explained.

Coughlin continued "This is also an absolutely religious issue," explaining "Americans in no sense will become imbued with the frenzy of the French Revolution as we press on toward the new era. We shall stand aloof from all teachings of the red Communists and his atheism as we shove aside the devastating influence of the past." He said people must decide "whether or not men shall adopt the principles of Moloch or the Gospel of Christ."

Coughlin continued "Time and time again I have enunciated the principle that money must never be used as a medium of control despite the fact that Rothschilds advocated this very thing. You can't keep that philosophy and be a Christian. Time and time again I have brought before this audience that money must not obstruct the exchange of food and clothing and shelter and the necessities of life, although today every High School boy understands that this very thing is happening."

"It is a blessed thing, my friends, that both you and I have the privilege of living in these eventful days- a privilege, perhaps, which many of us do not appreciate. I sympathize with your tears and your poverty. I am not heartless when I hear of jobs and positions that are gone, of homes and farms that are confiscate, of industries of retail business and of banks that have fallen victim to the barrage of golden bullets and to the lethal gas of dishonest credit and questionable promises."

"You have been victims in a noble cause, You have been patriots slain on the battle front of a new liberty. But from your ashes as from the tomb of Christ shall arise a civilization more glorious than either poet or philosopher ever dared dream of."

"This New Year's day is not a moment for dispair, It is the birthday of a new hope."

"It is the hope which I have interpreted from the millions of letters received by me from every State in the Union; from every division of its citizenry."

"Upon what foundation is this structure of hope established?" might some ask."

"The answer to that question is brief. It is expressed by the one word 'understanding.'"

"...Associated with the abuse which has crept into mass-productionism is the flagrant abuse of our financial system. The vast majority of bankers are in nowise to be condemned any more than are the majority of honest, upright, courageous men who have become the captains of American industry.

It is simply a case of a system excogiated by the human mind going the way of all things human. Conceived and matured by human intelligence which left itself becomes infiltrated with error, the financial system originated by the Rothschilds has existed for approximately two hundred years until its inherent weaknessses have become so manifest that they can find no place in this new era into which we are passing this blessed day.

Time and time again I have enunciated the principle that money must never be used as a medium of control despite the fact that Rothschilds advocated this very thing. You can't keep that philosophy and be a Christian. Time and time again I have brought before this audience that money must not obstruct the exchange of food and clothing and shelter and the necessities of life, although today every High School boy understands that this very thing is happening.

Any financial system that falls into this error can find no place in the days which are to come.

For the past three years men have been questioning the soundness of our financial structure. When of a sudden it was on the verge of toppling; when of necessity the money of the American citizens, your money and my money, was commandeered by our Government to act as a support to the privately owned banking systems, suspicion began to give way to certitude. Doubts gave way to facts.

The secrets of the inner circles of financiers became dirty linen on the clothesline of publicity."

Coughlin went on to explain how 'The Reconstruction Finance Corporation' was an obscene giveaway to big banks - hundreds of millions of dollars, stolen from the American people and given to bankers. He describes it as "the swan song of a dying system of financial control" and then reads excerpts from an article in Harper's magazine, which included the following quote: "when the The Reconstruction Finance Corporation lent money to one railroad to pay rentals to another railroad, it was in effect using pulic funds to pay dividends to railroad stocholders. A more infensible action could hardly be imagined."

Coughlin continues with his own commentary: "I might pause to interject that these private corporations who have become the greatest beneficiaries of your money and my money are loudest today in decrying the revaluation of the gold ounce; in protesting against the issuance of tax free currency to take the place of the interest bearing Government Bonds." They do not wish to see the American public save $400-million a year in taxes. Their motives are perfectly and plainly understood.

"...If the The Reconstruction Finance Corporation was the greatest negaive contribution produced in the year 1932, the greatest positive contribution, to my mind, is the encyclical letter of Pope Pius XI.
It is important because without any fear of error, or doubt of judgment, it lays its finger positively upon the cause of the world-wide depression- a cause that must be removed before prosperity can smile upon us again- a cause that will be removed before this generation shall pass away.
Let me read for you an excerpt from this historical document:"

[Coughlin then quotes from Pope Pius XI encyclical. I will here link to it, directly from the Vatican website: CARITATE CHRISTI COMPULSI- ENCYCLICAL OF POPE PIUS XI ON THE SACRED HEART (03/05/1932) ]

"But, indeed, the root itself from which this most unhappy state of things arises is yet more to be lamented; for if that judgment of the Holy Spirit, proclaimed by the Apostle St. Paul, "the desire of money is the root of all evils," was always in close agreement with the facts, this is more than ever true at the present time."

Coughlin continues "These, my friends, are courageous words to which millions of Protestants, Jews and irreligionists join with Catholics in saying "Amen".

"For the past month it has been my privilege to show, at least in part, a few of the immoralities which have been practiced, pampered and protected by the high priests of greed..

On this subject I do not plan to be silent as I lend my voice to help the citizens of this nation, regardless of creed or of ancestry.

On new year's day, however, let us be satisfied with setting our minds certain on a principle of action and on an attitude unquestionable.

We Americans in no sense will become imbued with the frenzy of the French Revolution as we press on toward the new era. We shall stand aloof from all teachings of the red Communists and his atheism as we shove aside the devastating influence of the past. We shall remember that this is not only a political issue nor only an economic issue which we are facing. This is also an absolutely religious issue. To feed the poor, to clothe the naked, to restore justice to a world of greed, to preach the charity of Christ's brotherhood- projects which the economist has failed to consider- shall become the policies of the American people through a religious motive from this day on.

It is either a case of choosing between the justice and charity of Jesus Christ to which are opposed the modern system of finance which regards money as its medium of control; to an unbridled mass production where machines become more precious than men.

Regardless of the teachings of others, the Catholic Church considers it a vital religious question whether or not gold shall be considered a medium of control; whether or not men shall adopt the principles of Moloch or the Gospel of Christ.

...To wish you, therefore, a happy new year, I am wishing it only on the understanding that it cannot be happy unless first of all you, my friends, determine to substitute Christ's charity for man's individualism; Christ's justice for the world's exploitation; and human rights in preference to industrial and financial rights.

This is the choice- Christ or chaos. May God give you courage to step forth upon the threshold of this new era, keeping your hearts filled with charity and keeping your mind and your will determined that the future belongs to Christ if the past belonged to man.

A message from Martin Hill:

"Coughlin insisted "This is also an absolutely religious issue," explaining "Americans in no sense will become imbued with the frenzy of the French Revolution as we press on toward the new era. We shall stand aloof from all teachings of the red Communists and his atheism as we shove aside the devastating influence of the past." He said people must decide "whether or not men shall adopt the principles of Moloch or the Gospel of Christ."

I gotta say folks, I absolutely love this stuff and love Fr. Coughlin's message. It resonates so true with me. I agree that it is indeed a religious battle, as I state on my front page. This perfectly summarizes why I started this website and why I try to fight all the evil and rot in the world and why we have an obligation to expose corruption, as I explain on my Catholicism page. This is why I continue to go through Coughlin's work and write essays documenting this historical treasure trove, included in the Father Charles E. Coughlin Archives page. At the same time, however, I understand and acknowledge that there are a lot of good people fighting for truth and liberty who aren't religious. As Coughlin explains below, when the Apostle St. Paul says "the desire of money is the root of all evils," Coughlin proclaims "These, my friends, are courageous words to which millions of Protestants, Jews and irreligionists join with Catholics in saying "Amen"!

As I explained here, "I believe it is our moral obligation to fight evil and oppression in the world, and to work for good with others who have differing beliefs. As Pope Francis recently stated, "And we all have a duty to do good. And this commandment for everyone to do good, I think, is a beautiful path towards peace. If we, each doing our own part, if we do good to others, if we meet there, doing good, and we go slowly, gently, little by little, we will make that culture of encounter: we need that so much. We must meet one another doing good. 'But I don't believe, Father, I am an atheist!' But do good: we will meet one another there."

As my website turned 7 eight years old this week, I wish you all a blessed, peaceful, happy and prosperous 2015 2016! :-)

Father Coughlin's January 1, 1933 ten-page sermon can be found in PDF format HERE.

You can find 53 MP3 archived Fr. Charles E. Coughlin radio programs here:
On the right side of the page you will see a menu that lists DOWNLOAD OPTIONS and MP3 53 files. You can listen to each or download all of them in one zip file, or singular mp3 files. I HIGHLY RECOMMEND this fascinating journey through time, these radio shows given by this brilliant, principles Catholic priest who warned of many of the problems this country continues to face today.

[WRH Link:]

I encourage everyone to download Fr. Coughlin's absolutely invaluable books and listen to his recordings. More posts of interest will come in the following weeks and months as time permits. The story of how I came across this great historical figure is here. Audio & written resources are below.

Father Charles E. Coughlin Archives page

1939: "Anti-Semite" Fr. Coughlin Warns that Warmongers will Use Japan to Ensnare U.S. Into 2nd European World War 11/14/14

Catholic Priest Exposes War Agenda in 1939: "The propagandists are at work in government, in journalism, and in the cinemas. Forewarned is forearmed!" 11/13/14

1938: Fr. Coughlin explains the causes of Jewish persecution in Germany, warmongers falsely attack him as an Anti-Semite & Nazi December 1, 2013

Fr. Coughlin explains the Federal Reserve, 1940: This privately owned corporation 'thrives on misery' and is 'leading this country into chaos' 11/10/13

Easter 1939: Father Charles E. Coughlin warns of the war propagandists, their system of financial control & their evil "blood business"

1938: Fr. Charles E. Coughlin calls out Rabbi for lying about Henry Ford & Jewish persecution in Germany December 18, 2012

J.P. Morgan war propagandists plot to control the media: U.S. Congressional Record, 1917 August 30, 2013

Father Charles E. Coughlin's famous 1938 radio address entitled Not Anti-Semitism But Anti-Communism

When the U.S. government supplied ammo & military planes to kill thousands of Catholics September 18, 2013
Fr. Coughlin weighed in on Mexico's slaughter of Christians as it occurred, criticizing the silence on behalf of the U.S. government and media

LINKS: Fr. Coughlin Archive Page This is where I first found Fr. Coughlin's programs. A lot of memorabilia here Old Time Radio Programs, Fr. Coughlin - a lot of MP3 audio files here.

You can follow on Twitter and re-tweet this article here.
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Martin Hill is a Catholic paleoconservative and civil rights advocate. His work has been featured in the Los Angeles Daily News, San Gabriel Valley Tribune, The Orange County Register, KNBC4 TV Los Angeles, The Press Enterprise,,,,, Economic Policy Journal,, FreedomsPhoenix, Haaretz, TMZ, Veterans Today, Jonathan Turley blog, The Dr. Katherine Albrecht Show, National Motorists Association,,, WorldNetDaily,,,,, Dr. Kevin Barrett's Truth Jihad radio show,, Pasadena Weekly,, Los Angeles Catholic Lay Mission Newspaper, KFI AM 640,, Redlands Daily Facts,, BlackBoxVoting, The Michael Badnarik Show, The Wayne Madsen Report,,,,, The Contra Costa Times, Pasadena Star News, Silicon Valley Mercury News, Long Beach Press Telegram, Inland Valley Daily Bulletin, L.A. Harbor Daily Breeze,,, Whittier Daily News, KCLA FM Hollywood, The Fullerton Observer,, From The Trenches World Report, and many others. Archives can be found at and DontWakeMeUp.Org.

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