If by *dispensation* you mean the new covenant that Jesus instituted at the Last Supper, yeah, I believe it.
Under the new covenant of Jesus’ blood, God can deal with us as He wants to, with forgiveness and mercy. His blood was shed for a once and for all sacrifice for our sins and He, as the great high priest is now sitting at the right hand of the Father in heaven, having obtained eternal redemption for those who put their faith in Him.
Because Jesus completely fulfilled the Law, being sinless, when He died, He broke the power of death over us so that IN HIM we can appropriate what HE alone could accomplish.
Besides, salvation was never obtained by keeping the Law anyway. The intent of the Law was to lead us to Christ and come to God in faith in His promised redeemer.
In the OT the faith in the promised redeemer was looking forward to Jesus. After Jesus death, the faith looks back to what He did and we understand the mystery that God kept hidden for the ages, which is Christ in us, the hope of glory. (Colossians 1:27)
No, once again. No. Again, no. No.
I am referring to the theology of Dispensationalism. As in: the religion started by Paul around 63 A.D. that believes that Paul's Gospel is different from the Gospel that Jesus taught to his disciples and Apostles during his ministry; Jesus's ministry does not apply to us.
SmVoice can tell you all about it, right smvoice?