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Genesis 47:14
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12 Then Joseph provided his father, his brothers, and all ahis father’s household with bread, according to the number in their families.  

Joseph Deals with the Famine

13 Now there was no bread in all the land; for the famine was very severe, aso that the land of Egypt and the land of Canaan languished because of the famine.  
14 aAnd Joseph gathered up all the money that was found in the land of Egypt and in the land of Canaan, for the grain which they bought; and Joseph brought the money into Pharaoh’s house.  
15 So when the money failed in the land of Egypt and in the land of Canaan, all the Egyptians came to Joseph and said, “Give us bread, for awhy should we die in your presence? For the money has failed.”  
16 Then Joseph said, “Give your livestock, and I will give you bread for your livestock, if the money is gone.”
17 So they brought their livestock to Joseph, and Joseph gave them bread in exchange for the horses, the flocks, the cattle of the herds, and for the donkeys. Thus he1 fed them with bread in exchange for all their livestock that year.  
Commentaries:
Forerunner Commentary
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<< Genesis 47:13   Genesis 47:15 >>

What Does Genesis 47:14 Mean?



Genesis 47:14

In just seven years—the seven years of famine—the Egyptians saw their freedoms and economic prerogatives fly away and their lifestyles change dramatically. The first listed casualty of this famine-triggered tribulation was monetary.

The Egyptians were not a bunch of degenerate Bedouins living on the edge, caught in the backwaters of civilization, and laboring under some inefficient and very limiting bartering system. Nothing like that! Rather, as one of the chief nations on the earth at the time, theirs was a complex society with some sort of monetary system. That monetary system completely collapsed due to the repeated crop failures in Egypt.

Joseph's response was to sell Egypt's grain on the spot market. All transactions were cash-and-carry. There was no credit. What occurred was, effectively, centralized control of the money supply. The government came into ownership of all the money, and the people had virtually none at all.

Charles Whitaker
The Other Great Tribulation

Related Topics: Cash-and -Carry | Centralized Control of Money Supply | Collapse of Monetary System | Economic Collapse | Economic Serfs | Economic Slavery | Economic Slaves | Famine | Famine -Induced Great tribulation | Famine -Triggered Tribulation | Monetary Tribulation


 
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