Hebrews 8
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The gospel is not a covenant, but the revelation of the salvation of God. It proclaims the, great salvation of God. We enjoy indeed all the essential privileges of the new covenant, its foundation being laid on God's part in the blood of Christ, but we do so in spirit, not according to the letter.
The new covenant will be established formally with Israel in the millennium. Meanwhile the old covenant is judged by the fact that there is a new one.