The difference between the New Covenant and the Old is simply the difference 
between salvation by faith and salvation by works. When God makes a promise, 
there is life in the promise itself. This is astounding news to many: believing 
a promise of God changes your heart?! The Bible answer is YES! There "have been 
given to us exceedingly great and precious promises, that through these you may 
be partakers of the divine nature, having escaped the corruption that is in the 
world through lust" (2 Peter 1:4).
There are the glorious fruits of salvation in that one statement. (1) "Through" 
the promises themselves we become converted. (2) Through the promises we 
"escape corruption"--isn't that our practical problem of daily living? Yes, by 
believing these "great and precious promises" we prepare for translation at the 
second coming of Christ.

It's not by works. But that doesn't mean that the good works are not 
there--they are there as the result of believing those "promises"! The Bible 
speaks of "receiving the promises" (Heb. 11:13, 17). That is the same as 
believing them. Such "receiving" God's promises delivers men and women and 
youth from addiction to alcohol, cigarettes, pornography, the allure of 
fornication and adultery, drugs (yes!), for we read, "Having these promises 
[receiving them], beloved, let us cleanse ourselves from all filthiness of the 
flesh and spirit, perfecting holiness in the fear of God" (2 Cor. 7:1).

Thus the New Covenant is the message of the latter rain and the Loud Cry that 
lightens the earth with glory.

 --Robert J. Wieland

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