Here are some characteristics of Biblical Israel that modern Israel does not share. The absence of these characteristics proves that modern Israel is in no sense related to Biblical Israel, therefore it cannot be a fulfillment of any biblical prophecies.
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Amillennialism
The amillennial view interprets Revelation 20 symbolically and sees the millennium not as an earthly golden age in which the world will be totally Christianized, but as the present period of Christ’s rule in heaven and on the earth through his Church. This was the view of the Protestant Reformers and is still the most common view among traditional Protestants, though not among most of the newer Evangelical and Fundamentalist groups.
Amillennialists also believe in the coexistence of good and evil on earth until the end. The tension that exists on earth between the righteous and the wicked will be resolved only by Christ’s return at the end of time. The golden age of the millennium is instead the heavenly reign of Christ with the saints, in which the Church on earth participates to some degree, though not in the glorious way it will at the Second Coming.
Amillennialists point out that the thrones of the saints who reign with Christ during the millennium appear to be set in heaven (Rev. 20:4; cf. 4:4, 11:16) and that the text nowhere states that Christ is on earth during this reign with the saints.
They explain that, although the world will never be fully Christianized until the Second Coming, the millennium does have effects on earth in that Satan is bound in such a way that he cannot deceive the nations by hindering the preaching of the gospel (Rev. 20:3). They point out that Jesus spoke of the necessity of “binding the strong man” (Satan) in order to plunder his house by rescuing people from his grip (Matt. 12:29). When the disciples returned from a tour of preaching the gospel, rejoicing at how demons were subject to them, Jesus declared, “I saw Satan fall like lightning” (Luke 10:18). Thus for the gospel to move forward at all in the world, it is necessary for Satan to be bound in one sense, even if he may still be active in attacking individuals (1 Pet. 5:8).
The millennium is a golden age not when compared to the glories of the age to come, but in comparison to all prior ages of human history, in which the world was swallowed in pagan darkness. Today, a third of the human race is Christian and even more than that have repudiated pagan idols and embraced the worship of the God of Abraham.
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Reformed protestant position:
http://www.spiritone.com/~wing/esc_chrt.htm
a. The “a” millennial (literally meaning “no” millennium) position is the eschatological view of historic Catholic, Lutheran and Reformed Christianity. It would be my educated guess that about two-thirds of the Christian family espouse an amillennial eschatology. The amillennial position is as well the position of the vast majority of Reformed and Lutheran theologians. The position portrayed in these lectures is the Reformed understanding.
Amillennialism is understood as “present” millennialism [or “realized” millennialism], since Reformed eschatology argues for a real, present, though “invisible” non-spatial millennium.
b. Amillennialists insist that the promises made to national Israel, David and Abraham, in the OT are fulfilled by Christ and the Church during this age, which is the millennium, that is the entire period of time between the two advents of our Lord. The “thousand years” are therefore symbolic of the entire inter-advental age. Satan is bound by Christ’s victory over him and the establishment of the kingdom of God via the preaching of the gospel, and Satan is no longer free to deceive the nations, through the presence of Christ is reigning in heaven during this period with the martyrs who come out of the great tribulation. At the end of the millennial age, Christ returns in judgement of all men. The general resurrection occurs, final judgement takes place for all men and women, and a new Heaven and Earth are established.
C. In most forms of amillennialism, immediately before the return of Christ, Satan is unbound, there is a great apostasy, and a time of unprecedented satanically inspired evil. This last Satanic gasp and subsequent rebellious activity is destroyed by our Lord at his return.
a. Amillennialism has always been the majority position of the Christian family. It was first articulated by St. Augustine, and has been given a distinctive Reformed emphasis through the work of Geerhardus Vos (the “Biblical-Theological” approach). As the “dispensational” movement captured the hearts and minds of conservative American Evangelicals, amillennialism was equated with “liberalism” or Roman Catholicism. The supposed interpreting prophecy “spiritually” or “not-literally” has lead to the rejection of amillennialism by many. In addition, amillennialism suffered greatly from the failure of Reformed and Luthern writers to defend the position against the likes of Dave Hunt, Chuck Missler and Hal Lindsey, who has labeled the position as “demonic and heretical,” and the root of modern anti-semitism.
b. Leading contemporary “amill” theologians would include popular writers such as J. I. Packer, Mike Horton, [the late] Calvin seminary professor, Anthony Hoekema, and RC Sproul. In addition, all of the Reformers, as well as the Reformed and Lutheran confessional traditions, as a whole, have been amillennial.
The most important and useful amillennial work is the excellent book by Anthony A. Hoekema, The Bible and the Future (Grand Rapids: William B. Eerdmans, 1982).
http://www.amazon.com/Bible-Future-Anthony-Hoekema/dp/0802808514
Also helpful are: Oswald T. Allis, Prophecy and the Church (Phillipsburg: The Presbyterian and Reformed Publishing Company, 1947); Arthur Lewis, The Dark Side of the Millennium (Grand Rapids: Baker Book House, 1980); William E. Cox, Amillennialism Today (PhilIipsburg: Presbyterian and Reformed Publishing Company, 1966); William E. Cox, Biblical Studies in Final Things (Phillipsburg: Presbyterian and Reformed Publishing Company, 1966).
Thank you for your thoughts and opinions