Storing up wealth – for nothing

The current world financial troubles remind us of how easily we forget the lessons of the past. Just before the Great Depression, the world’s twelve wealthiest men met in Chicago. They controlled more money than the American Treasury. They included Charles Schwab, President of the largest independent steel company; Richard Whitney, President of the New York Stock Exchange; Leon Fraser, President of the Bank of International Settlements; and Ivar Kreuger, head of Kreuger Steel. The eventual outcome of that meeting was that three of them committed suicide, two died bankrupts, and two went to prison for fraud.
As the Bible says: ‘To those who please Him, God gives wisdom, knowledge and happiness, but to the foolish He gives the task of gathering and storing up wealth – for nothing.’

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