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And yes good point, God's promises for eternal life through the new covenant have been extended to gentiles.

Actually, they are in the Old Covenant (Gen 12:3, 18:18), and the New (Gal 3:8) :In thee shall all nations be blessed."

There is no doubt that the new interpretation of the Old Covenant is the New Covenant and that the old is to be discarded (Heb 8:13)

You cannot discard the Old Testament. The old testament contains many large sections of scripture still relevant to a Christian living today. The Old Testament and the New Testament complement each other.

Doug is correct concerning the law.

For in James 2:9-11 we read

9) But "if ye have respect to persons, ye commit sin, and are convinced of the law as transgressors.
10) For whomever shall keep the whole law, and yet offend in one point, he is guilty of all.
11) For he that said, Do not commit adultery, said also, Do not kill. Now if thou commit no adultery, yet if thou kill, thou art become a transgressor of the law.

If the law is done away with, how can you possibly be a transgressor of the law?

Plus the apostle John in 1 John 2:3-5 says the following:

3) And hereby we do know that we know him, if we keep his commandments.
4) He that saith, I know him, and keepeth not his commandments, is a liar, and the truth is not in him.
5) But whoever keepeth his word, in him verily is the love of God perfected: hereby know we that we are in him.

It's obvious that the apostle John knew what it meant to keep God's commandments.

There is no doubt that the new interpretation of the Old Covenant is the New Covenant and that the old is to be discarded (Heb 8:13)

That's funny. I'm aware of about 13,000,000 that would doubt this. That number would probably be about 250,000,000 if they wouldn't have kept getting snuffed out.