With a gross income in excess of $100 million a year from phosphate mining and a population of 4,000 people, Nauru is the richest island in the world (1982). Most Nauruans don’t work, yet they have more than enough money to enjoy the comforts of modern society. Needless to say there are no taxes! Overshadowing all of this good life is the fact that the phosphate will run out in about ten years and the flow of money will come to a sudden stop. Will the Nauruans be prepared?