According to dispensationalists and those who teach and preach about the Rapture, Israel has two dispensations, or time periods, in which they functions as God's special instrument of salvation. Between these two periods of time comes the dispensation of the "church". The church received a heavenly reward at the time of the rapture, while Israel received an earthly reward at the end of the tribulation. There is no support in the New Testament for such an erroneous view.
The chief reason why the modern state of Israel has no prophetic significance is that after the Jews as a body rejected Jesus as the Messiah, God gave to the Christian church the special privileges, responsibilities, and prerogatives once assigned to the ancient Jews. No longer were the Jews to be His special people with a prophetic destiny.
Rom.2:28 For he is not a Jew who is one outwardly, nor is circumcision that which is outward in the flesh; vs.29 but he is a Jew who is one inwardly; and circumcision is that of the heart, in the Spirit, not in the letter; whose praise is not from men but from God.
All the promises of a glorious kingdom on earth once given through the Jewish prophets to the Jewish people became void because the Jewish people as a nation did not fulfill the conditions of these prophecies. Failing to receive the glory that could have been Israel's is probably the saddest story in literature. Placed at the crossroads of the ancient world, God furnished them with every facility for becoming the greatest nation on the earth. God wanted to reward Israel with every physical and spiritual blessing as they put into practice the clear-cut principles that He had graciously taught them through His prophets (Deuteronomy 7, 8, 28).
The Old Testament records the sad story of how the vineyard of Israel produced, not the mature fruit of a Christ-like character, but "wild grapes," a misinterpretation and perversion of what the God of Israel was really like. "What more was there to do for my vineyard, that I have not done in it? When I looked for it to yield grapes, why did it yield wild grapes?" (Isaiah 5:4 RSV).
Even when the Jewish nation was suffering the bitter consequences of disobedience during the Babylonian captivity, God mercifully promised that a restored Israel was possible and that there was yet time to recover its special role as His representative on earth - if it would honor His law and submit to His principles. Even then the Jews could have become, if faithful, the head and not the tail, in matters physical and spiritual; all nations would have looked upon Jerusalem as not only the center of wisdom but also the spiritual capital of the world (see Isaiah 45:14; 60:1 - 11).
When the Jews returned to Palestine after the Babylonian captivity, the promises given to Abraham and expanded through the writings of Moses and other prophets would have been fulfilled; the whole earth would have been alerted for the first advent of Christ, even as the way is being prepared for His second coming today.
Missed Their Last Opportunity.
These Old Testament prophecies that picture Israel dwelling in peace and prosperity, with all nations beating a path to her doors, could have been fulfilled 2000 years ago if they had indeed prepared the world for the first coming of Jesus (see Zechariah 8:14). But instead of fulfilling their greatest assignment they missed their last opportunity, and Jesus their Lord finally had to pronounce with irrevocable judgement: "O Jerusalem, Jerusalem, killing the prophets and stoning those who are sent to you! How often would I have gathered your children together as a hen gathers her brood under her wings, and you would not Behold your house is forsaken and desolate" (Matthew 23:37, 38 RSV).
Those who regard the establishment of the modern state of Israel as a fulfillment of those Old Testament prophecies overlook the fact that these promises were made either prior to their release from Babylonian captivity or during the rebuilding days soon after their return. God would have fulfilled these promises if Israel had been faithful and obedient to the conditions on which the promises were made.
Although God promised a "second chance" to Israel after their failure leading up to the Babylonian captivity, He promised no "third chance" to them after their final rejection when their Lord Himself "came to his own home, and his own people received him not" (John 1:11 RSV)
But God did not give up, even though Israel as a nation had failed Him. Although corporate Israel no longer was to function as God's special agent, the individual Jews who received and obeyed Jesus Christ would constitute the new organization through which He would now work.
Paul describes this remarkable transition in Romans 9 to 11, where he appeals to individual Jews (such as himself) to respond to God through Jesus, join those Gentiles who have found in Him the solution to their anxious, sinful condition, and together arouse the world to the simple fact that God wants to make an end to sin and its misery by setting up His eternal kingdom composed of those who have found in Jesus the promised Saviour.
Those who preach and teach this erroneous Rapture doctrine are purposely misleading multitudes. These apostate bibleprobe preachers are proxies and agents for those who want to establish a One World Government. I will discuss this later.
Watch the Presidential debate on Youtube - Ron Paul, Hillery Clinton, Chris Dodd, John Edwards, Mitt Romey, Mike Gravel, John Mccain, Rudy Giuliani, Bill Richardson, Dennis Kucinich, Mike Huckabee, Fred Thompson, Joe Biden, Sam Brownback, Tommy Thompson, and Barack Obama.