In Acts, Peter said the hope of coming salvation would be the fulfillment of what the Old Covenant prophets foretold (3:21, 24); in Peter the apostle was expecting the fulfillment of the Old Covenant prophets (1:10-12). In Acts what had once been far off--that prophesied by the prophets--was now at hand; the prophets “foretold these days” (3:24). In Peter we are told of the prophets “unto whom it was revealed that not themselves, but to us they were ministering the things which have now been reported to you through those who have preached the gospel to you” (1 Peter 1:12). Peter further tells us that the salvation of which the prophets spoke was “ready to be revealed” (1 Peter 1:5) in his days. He tells us that Jesus was “ready to judge the living and the dead” (1 Peter 4:5). He says in unmitigated terms “the end of all things has drawn near” (1 Peter 4:7); and “the time has come for the judgment to begin” (1 Peter 4:17).
In my recent debate with Joel McDurmon (July, 2012) I repeatedly took note of the language of 1 Peter 4. McDurmon refused to even mention my comments, and little wonder why. Peter was affirming the end of all things, the judgment of the living and the dead, and said that consummation "has drawn near" (4:7). Be sure to get a copy of the debate on DVD. Unless it can be shown that Peter, in Acts and Peter, was anticipating the fulfillment of different prophecies of different kinds of salvation at two different comings of the Lord, then the undeniable imminence of 1 Peter places Acts 3 within the same context of imminence
SUMMARY Acts 3 is an extremely important text for understanding Biblical eschatology. It identifies the nature and framework for eschatology. Peter’s eschatological expectation was inextricably linked with the fulfillment of the promises to Old Covenant Israel. The parousia would occur at the consummation of Israel’s aeon, not the end of the New Covenant Age. Peter’s affirmation of the absolute necessity for the fulfillment of the prophetic hopes before the parousia shows the Old Covenant would remain valid until the parousia. This is confirmed by the comparison of Matthew 5:17-18. If the work of the restoration of all things and the parousia has not taken place the Old Covenant remains valid today. The imminence element of Acts 3 cannot be ignored. What had long before been foretold by the prophets was now being realized in Peter’s generation. Comparison with other passages reveals an overwhelming sense of imminent expectation. Acts 3 is a challenging text for all futurist eschatological views. If it remains unfulfilled the Old Covenant remains valid today. Israel has not received her salvation. And if this is the case salvation for the nations still awaits fulfillment. Praise God that He kept His promises to Israel and as a result salvation is now available to all of every nation.See my fuller discussion of Acts 3 and the restoration of all things in my Like Father Like Son, On Clouds of Glory.
On the current site: original page ↗