I think God kept his word:

Here is the promise:

"And I will make you a great nation, And I will bless you, And make your name great; And so you shall be a blessing; And I will bless those who bless you, And the one who curses you I will curse And in you all the families of the earth will be blessed." 

Israel is indeed a great nation.  I rejoice to take my portion with Israel. By faith, I belong to Christ and I am Abraham's seed and a heir according to the promise.

And yes Bugs, it is in my imagination - that is the locus of my existential experience as a child of God.