Help With Schiff's Comic Book!
I realize this is an old thread. I also realize that most of the people who have been posting in the Economics & Sound Money forum are way smarter in things economic than I am, so bear with me a little and help me out with something, please.
I just read the comic book version of How An Economy Grows and Why It Doesn't. I found it profound, to say the least. But I got a little lost when it got to the stuff about Genuine Fish, Official Fish, and Franklin Reserve Notes. What do each represent?
I'm guessing that Genuine Fish = Gold/Silver
Official Fish = Bank Notes, like Gold and Silver Certificates
Franklin Reserve Notes = Federal Reserve Notes.
Am I tracking? And could someone tell me, in English, on about an 8th grade level, how the process really happened, around when it happened, and who the main players were? I saw FDR and Nixon in there. Was Kennedy the honest banker who ended up with cement shoes? Seems like I remember hearing a theory somewhere that he was assassinated for monetary policy reasons, but I don't remember for sure.
In the mean time, I am really enjoying the posts here. I am running through Callahan's 'Economics for Real People' with a group of home schooled high schoolers, and I am learning a lot. I think this comic book will help clarify some of what is losing us in Callahan's book, but hell, I don't even completely get the comic book. Help me out, if you can!