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Matthew 24:34 Verily I say unto you, This generation shall not pass, till all these things be fulfilled.

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All generations! (from the time Jesus spoke this prophesy to the end of man's rule) The word generation in this verse is probably not what Jesus actually said. He more likely said “this age” referring to the time repentance was to be preached. (see: Luke 24:45-49) The Christians of the first century believed that Jesus would return in their lifetime! (and so has each generation that has followed) This is evident by Paul's writings to the Thessalonians in book 1, chapter 4 verses 13-18. If we review the “signs of the end of the age” recorded in Matthew 24:4-14 it seems clear that these signs could apply during this time and every “generation” after. It makes no sense that Jesus would tell his apostles about the end coming thousands of years in the future, when they were to be commissioned to preach repentance in their time and suffer greatly for this cause. Jesus stated that even he didn't know the time of the end. (Matthew 24:36) note: I realize that the King James version does not include “the Son” in this verse and the reason is clear to me, but there are many other versions that do. There is one sign that could be questioned: “And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come.” (Matthew 24:14) This verse “was” and still is the main motiving factor for all who seek a better way, I can see why Jesus would include it and why so many have made it their goal in life. The Hebrew calendar claims that we are in the year 5772 of the 6000 years of man. If this is true there are approx. 238 years remaining before the end. That generation will also believe they are living in the end time and maybe they will be.......

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This generation may also mean race, either Jewish or Christian. All prophecies, once fulfilled, the evil Jews, of whom Jesus is pertaining to, will then pass away because there will be a new heaven and a new earth. Evil generation or race will be completely done away with.  In Luke, it was the Christian Jesus was referring to since Jesus only answered questions about the temple while in Matthew and Mark, it was all evil Jews since the end of the age was included in the questions his disciples asked. So we should not use this verse to use as proof or base text for Jesus' coming 70 to 80 years since Israel's rebirth in 1948.
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Israel was not "reborn" in A.D. 1948.  The contemporary Jewish state in no respect is "Israel."  The contemporary Jewish state has NO prophetic significance.

Israel came into existence as a physical nation as a consequence of the Old Covenant, which was a covenant of marriage in which the husband was the pre-incarnate Christ Jesus.  Death of either party dissolves a marriage covenant -- irreversibly.  When Jesus died, the Old Covenant thereby was dissolved.  The false teaching of Dispensationism notwithstanding, the Old Covenant cannot be revived or reinstated.  The Old Covenant was supplanted by the New Covenant, in which the wife is Israel as a nation of the Spirit Realm.  Unlike the old, physical nation, the new, spirit nation is comprised exclusively of the Justified.
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