Now just to make it perfectly clear what we are trying to show here, I'll spell it out carefully before getting into it any farther.
The Christian church operates under the idea that we are under the New Testament or the New Covenant. And that the old Testament or covenant was only with ancient Israel. We assume that the new testament took effect with the death and resurrection of Jesus. This is based on scripture such as these:
Luke 22:20 Likewise also the cup after supper, saying, This cup is the new testament in my blood, which is shed for you.
12 But this man, after he had offered one sacrifice for sins for ever, sat down on the right hand of God;
13 From henceforth expecting till his enemies be made his footstool.
14 For by one offering he hath perfected for ever them that are sanctified.
What we want to show here is that the New Covenant does not take effect until the end times. Therefore the church is still under the old covenant law, not new covenant grace. Of course this depends on what you mean by saying 'under a covenant'. The basic idea is that under the old covenant means under the law. Under the new covenant means under grace.
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