Looking at the subject of who God’s Chosen People are, we see that, according to the Bible, true Israel now comprises all those who believe in Jesus as Messiah. It is wrong to say that the church has replaced Israel. Rather, the church is the continuity of the Old Testament Israel of God; Christians have been grafted into the ‘olive tree’ and the Jewish nation is broken off. There is no more “Jew” and “Gentile” ethnic distinctions. Every person can now belong to the Israel of God, as a Christian.
The Jews of 1948, excepting for a small number of individuals, have not turned to the Lord. And, to base the formation of Israel upon their alleged “faithfulness” to Judaism shows a lack of understanding of what Judaism is. Some think the Jew of today has a special advantage, perhaps even salvation without Christ, because they believe in the God of the Old Testament, and follow the Old Testament religion. This overlooks the fact that the religion of the Old Testament was based on making sacrifices for sins. Leviticus 17:11 It also ignores the teaching of the New Testament: that there is absolutely no salvation outside Christ, John 14:6; Acts 4:10-12, and that the Old Covenant no longer applies. Hebrews 7-10
The Lord of the New Covenant is Jesus.
It is a common assumption, and one that people are stuck on, even in the face of evidence to the contrary, that the Jews of today constitute a race, a homogeneous entity easily recognizable. When the origin and early history of the Jews is properly researched, it becomes obvious that over the centuries as a people and then as a nation they have assimilated a variety of racial strains from people moving into their circles and enjoying their prosperity. This has taken place by interbreeding and by conversion to Judaism and now constitute a large proportion of todays Jews.
“Thus, the diversity of the racial and genetic attributes of various Jewish colonies of today renders any unified racial classification of them a contradiction in terms. Despite this, many people readily accept the notion that they are a distinct race. This is probably reinforced by the fact that some Jews are recognizably different in appearance from the surrounding population. That most can’t be easily identified is overlooked and the stereotype for some is mistakenly extended to all”. Encyclopaedia Judaica Jerusalem, 1971, vol. 3, p. 50
Jews do not practice “Old Testament religion;” they are not almost Christians, lacking only acceptance of the Messiah and the New Testament. They do not worship the true God, not even the “God of the Old Testament” Jesus was quite adamant: If they had believed Moses, they would believe Him. John 5:46-47 They don’t follow the Old Testament either. The religion of Judaism is a Talmudic faith, not Biblical. Those who support, as the majority of pre-trib rapture believers do, the secular nation of Israel at this time, simply because they are so-called Jews, do so as an immutable tenet of the rapture theory: Two People, Two Promises. This wrong and unbiblical premise, helps apostates and enemies of Christ, and actually encourages them in their unbelief.
Unsaved Jews could still be God’s people, but they have clearly been cut off by God for their unbelief:
Romans 11:20…. because of unbelief they were broken off, and you Christians stand by faith. Do not become over confident, but keep firm in your faith,
The Bible teaches the Gentiles not to become arrogant:
Romans 11:22 Behold therefore the goodness and severity of God: on them which fell, severity; but toward you: goodness. You must continue in His goodness: otherwise you also shalt be cut off. And they also, if they cease their unbelief, shall be grafted in: for God is able to graft them in again. For if you [Christians] were cut out of the olive tree which is wild by nature, and was grafted contrary to nature into a good olive tree: how much more shall these, which were the natural branches, be grafted into their own olive tree?
The great lesson of this passage is certainly that just as the Jews of the Old Testament became proud (assuming that they alone knew God), so also could the same thing happen to Gentiles in the New Testament era. There is a danger of either looking down on the Jews, or looking up to the Jews. Both are sinful, for God is no respecter of persons. Romans 2:11
If it had not been for the grace of God, Gentiles would never have been grafted into the life of God (salvation) which was offered to ethnic Israel. The new life which enables Gentiles to produce fruit, grows from the same root that the old stock of Israel grows. Thus, Gentiles should have a humble attitude, not toward the Jews, but toward God who saves men by His love, mercy and grace through faith in the precious name of Jesus Christ. Neither Jews nor Gentiles can claim exclusiveness to God.
Romans 10:12 For there is no difference between the Jew and the Greek: for the same Lord is over all and blesses all that call upon him.
The Prophetic Word 