This is not a chart of dispensations
(οἰκονομία~oikonomia) or ages (αἰών~aion). Rather, it is an illustration to contrast
covenants (διαθήκη~diatheke) which relate to the
earth, in contradistinction to the Church--which residency is in the
heavenly sphere and thus not party to any formal Jewish covenant.
The blessing
of righteousness which flows to members of the Church is by
reason of 1) the shared Abrahamic-principle of by grace through faith
and, 2) from their unique position "in Christ"--the Seed (Galatians 3:16). The Church is NOT made or grafted into Israel
to partake of any Abrahamic blessings.
The Church is the primary
benefactor of the Blood of the Eternal Covenant of Hebrews 13:20, by reason
of her union of life with the Bridegroom--the Mediator of all covenants.
This Eternal Covenant was ratified in eternity past between the Father
and the Son, and was fulfilled with the shedding of Christ's Blood and His
Resurrection. Israel's future New Covenant is based upon the same
Eternal Covenant, i.e.,
the Blood of the Cross.
Are Christians Under Any
"New Covenant"?
Romans 11:17-24 - Paul's Olive Tree Analogy
The Millennium