Pharaoh's Dream. Another Look.

Haven't you ever noticed that when successful people recount the reason behind their success it was something quite simple, but just overlooked?

Take the Biblical story of Pharaoh's dream. If Pharaoh was recounting his success in cornering the market in grain, he would say that he came up with the novel idea to save, because he dreamt that bad times might occur, though he remained skeptical of that until it turned out to be true. I'm sure one of these centuries that hieroglyphic will be found-the first autobiography of a prince becoming a ruler!

Pharaoh would recount:
The land of Egypt was the eternal nation: when famines occurred throughout the world, Egypt could be relied upon to provide sustenance-it has always been. If there ever was drought or recession in Egypt, no one could recall the last one that occurred. Everything was eternal: from the monarchy to the flooding of the Nile to the land of the dead. With all this, Pharaoh still kept having bad dreams.

His advisers had no idea how to answer, only hypothesizing that it might mean his daughters were going to meet the wrong type of husbands. Going on a tip, Pharaoh calls Joseph from prison, to hear this so called interpreter of dreams point of view. Joseph was unique in Pharaoh's eyes since he had actually seen several reversals of fortune.

Joseph told Pharaoh, simply, that there will be good years where the monarchy should save for the 7 bad years. Here Joseph stated simply what he learnt at an early age: the market truth of saving during the good years, in order to weather the bad years WHICH ALWAYS WILL COME just as the night follows the day.

Pharaoh then delights his readers with this nugget: But what Joseph mentioned between the lines was that the Egyptian monarchy could grab the power and respect that had always eluded them. Pharaoh would then describe the political structure of Egypt and probably say: 1) The titans' of industry wealth rivaled the crown's and that the wealth was taken, no stolen, from society and not given back 2) the provinces were almost self ruled and barely recognized the central government 3) the army was small during the booming economy - there was no great cause to fight for.

Pharaoh, recounts, that he decided on the spot to invest in the future. He has Joseph assigned to accumulate all the surpluses of Egypt for Pharaoh, but not telling the citizens to save. In fact, being so bold as to hire more advisers, promoters, and priests to help spread and reinforce the gospel of eternal prosperity through such things as: telling them that the Gods are pleased, the perpetuity of the Nile, increased entertainment such as magic and a very liberal moral code.

Pharoah concludes his book with the chapter heading: "Revolutions end with a whimper." He recalls the final nail in the coffin when nations and citizens had nothing to sell Pharaoh but themselves: indentured servitude. There were no arrows flung nor loss of life, but the gradual diminishing of hope by the people where only 7 years earlier there was nothing but eternal optimism.

So my thoughts are: The Egyptians had the ultimate reusable energy source -the Nile while the US has the universally accepted currency which can be printed at anytime-can that change? What about a country where the state and the citizens DONT save? Whose interests is the FED really concerned about?
My conclusions are: 1)all government seeks absolute power (thinking FED here)-which would mean a shake out of the excess to show whose boss. 2)Nothing is eternal; especially when everyone thinks it such-the dollar is being challenged as there are more countries vying for worldwide influence. 3)And if you don't save, one eventually becomes indentured-the US trade deficit is horrendous and foreigners in theory could buy out the US.