Today we pick back up in our study through the book of Acts 2:15-16 where it says, For these are not drunken, as ye suppose, seeing it is but the third hour of the day. But this is that which was spoken by the prophet Joel; Peter first addresses the mockers and assures them that what they had just witnessed was a true move of God and not the result of drunkenness.
On another note, I believe this verse is truly the source of much erroneous teaching in the church today. Why? - Far too many doubt that poor old Peter knew what he was talking about. Their bone of contention is the latter part of the verse when he said, "This is that which was spoken by the prophet Joel." To me, that is just as wrong as those who say that he also got ahead of himself in choosing Matthias. No, Peter knew exactly what he was saying and his language was emphatic. If we start correcting Apostles, where is that going to leave us?
VERSES 17-18: And it shall come to pass in the last days, saith God, I will pour out of my Spirit upon all flesh: and your sons and your daughters shall prophesy, and your young men shall see visions, and your old men shall dream dreams: And on my servants and on my handmaidens I will pour out in those days of my Spirit, and they shall prophesy: Peter is now going to quote verbatim the prophecy of Joel 2:28-32. It must be clearly understood what Peter is doing in these verses because too many do not get it. He is, for the first time, legitimately offering the Kingdom to the nation of Israel. Some will argue otherwise and say that it had already been offered in the Gospels. No, not even possible because Hebrews 9:15-17 says, And for this cause he is the mediator of the new testament, that by means of death, for the redemption of the transgressions that were under the first testament, they which are called might receive the promise of eternal inheritance. For where a testament is, there must also of necessity be the death of the testator. For a testament is of force after men are dead: otherwise it is of no strength at all while the testator liveth. These verses make it clear that the Kingdom could not have been offered until after the crucifixion, let alone rejected. This is a great misunderstanding in my opinion in the modern church. Yet, when you start questioning the assumptions, people start looking at you like you are a heretic! In any wise, the Kingdom offer was rejected, Israel blasphemed the Holy Spirit just as Christ mentioned in Matthew 12:32, and it was postponed.
VERSES 19-20: And I will shew wonders in heaven above, and signs in the earth beneath; blood, and fire, and vapour of smoke: The sun shall be turned into darkness, and the moon into blood, before that great and notable day of the Lord come: This is where many today will say that Peter should have stopped in his quotation of the passage, but he knew full well what he was doing, I dare say more so than any of us. His full expectation was that once Israel had accepted their Messiah, Daniel's 70th Week would commence (Tribulation), followed by the Second Coming, and the establishment of the Kingdom. I would argue that his epistles are saying the same thing as well. He preached and lived the Kingdom Gospel (see previous studies).
VERSE 21: And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved. We must remember that Peter, being a good dispensationalist, was thinking and speaking chronologically, i.e., first, the pouring out of the Spirit on the day of Pentecost, followed by signs, and wonders then and in the Tribulation, the Lord would return, and those who call upon the name of the Lord would be saved. The last part foreseeing salvation in the Millenium.