These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
A man was telling some of his war stories to his grandchildren.
"When the World War I was on the verge of end, I was awarded for my bravery for I had saved a group of my men." He coughed and then added, "When we were fighting in northern France, an enemy soldier threw a grenade at us. Before it could explode, I picked it up and threw it away. For my act of bravery, right before the war ended, A General gave me a sword engraved with the words "Awarded for Display of Bravery and Heroism in World War 1"."
Hearing this, one of the grandson spoke up. "Grandpa, this is not a true story. It can"t be true!"
The truth is that it was not. How did the grand children know it?
I am beautiful, up in the sky. I am magical, yet I cannot fly. To people I bring luck, and to some people, riches. The boy at my end does whatever he wishes. What am I?
Its something that each of us devours,
Not just us but birds, beats, trees, and flowers,
Frets iron and nibbles steel,
Toil hard stones to meal,
Exterminates king, collapse town,
And blows the mountains down.