Galatians 3 speaks of the blessing of Abraham as The Promise Of The Spirit in verse 14, a very interesting connection. In verse 17, the Lord refers to the law as the covenant that came 430 years later, saying it could not cancel out the promise.
14 That the blessing of Abraham might come on the Gentiles through Jesus Christ; that we might receive the promise of the Spirit through faith.
15 Brethren, I speak after the manner of men; Though it be but a man's covenant, yet if it be confirmed, no man disannulleth, or addeth thereto.
16 Now to Abraham and his seed were the promises made. He saith not, And to seeds, as of many; but as of one, And to thy seed, which is Christ.
17 And this I say, that the covenant, that was confirmed before of God in Christ, the law, which was four hundred and thirty years after, cannot disannul, that it should make the promise of none effect.
Galatians goes on to talk of the promise and relate it to the two covenants.
21 Tell me, ye that desire to be under the law, do ye not hear the law?
22 For it is written, that Abraham had two sons, the one by a bondmaid, the other by a freewoman.
23 But he who was of the bondwoman was born after the flesh; but he of the freewoman was by promise.
24 Which things are an allegory: for these are the two covenants; the one from the mount Sinai, which gendereth to bondage, which is Agar.
25 For this Agar is mount Sinai in Arabia, and answereth to Jerusalem which now is, and is in bondage with her children.
26 But Jerusalem which is above is free, which is the mother of us all.
Now verse 24 gives us the idea that the promise to Abraham is also related to the new covenant or new testament. The two mountains, correspond to the bond woman and the free woman; the old covenant and the new covenant. Scholars like to make lists of multiple covenants. You hear about the Adamic Covenant, the Noahide [?] covenant, the Abrahamic covenant, the Mosaic covenant, the Davidic covenant, and on and on. This only brings us complication and confusion. Galatians 4:24 tells us that there are just two covenants. They are described and compared in differing ways throughout scripture. Still there are just two, just as there were two trees in the garden. You can see their contrast laid out in Hebrews 12.
Hebrews 12:18 For ye are not come unto the mount that might be touched, and that burned with fire, nor unto blackness, and darkness, and tempest,
19 And the sound of a trumpet, and the voice of words; which voice they that heard intreated that the word should not be spoken to them any more:
20 (For they could not endure that which was commanded, And if so much as a beast touch the mountain, it shall be stoned, or thrust through with a dart:
21 And so terrible was the sight, that Moses said, I exceedingly fear and quake:)
22 But ye are come unto mount Sion, and unto the city of the living God, the heavenly Jerusalem, and to an innumerable company of angels,
23 To the general assembly and church of the firstborn, which are written in heaven, and to God the Judge of all, and to the spirits of just men made perfect,
24 And to Jesus the mediator of the new covenant, and to the blood of sprinkling, that speaketh better things than that of Abel.
Note that here the mountain that burnt with fire is the Mt. Sinai; and Mount Zion is the heavenly Jerusalem, Jerusalem which is above as mentioned in Galatians 4.
In Mathew 24, this promise is clearly linked with the end times.
Mathew 24:14 And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come.
The promise that the nations would be justified is called the gospel of the kingdom. The terms 'nations,' 'heathen,' 'Gentiles,' and 'families or tribes of the earth' all mean the same. In Revelation they are spoken of as of every kindred, and tongue, and people, and nation. Today missionaries speak of them as people groups or ethnic groups.
The promise given to Abraham and the fathers is the gospel of the kingdom. The fulfillment of that promise is the new testament.
In Romans 8 the two covenants are explained as laws. One is the law of sin and death, the other is the law of the spirit of life in Christ Jesus.
Romans 8:2 For the law of the Spirit of life in Christ Jesus hath made me free from the law of sin and death.
Being free from sin and death is the liberty that comes in Christ. Second Corinthians 3, in talking about the ministration of the spirit, concludes with these verses.
2 Corinthians 3:17-18
17 Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty.
18 But we all, with open face beholding as in a glass the glory of the Lord, are changed into the same image from glory to glory, even as by the Spirit of the Lord.
Colossians 1:13 contrasts the two covenants another way, likening the new covenant as the Kingdom of God.
Colossians 1:13 Who hath delivered us from the power of darkness, and hath translated us into the kingdom of his dear Son:
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