Last Time; Last Days

From Anstey’s Doctrinal Definitions:

This expression is used in the New Testament to describe two completely different dealings of God with men. Bible students who do not understand God's dispensational ways with Israel and the Church will be in a quandary when it comes to interpreting the meaning of "the last days." For instance, Scripture indicates that God has visited His earthly people Israel in the "last days" in the Person of His Son (Heb. 1:22Hath in these last days spoken unto us by his Son, whom he hath appointed heir of all things, by whom also he made the worlds; (Hebrews 1:2)), and in those "last times" Christ died and was raised from the dead (1 Peter 1:20-2120Who verily was foreordained before the foundation of the world, but was manifest in these last times for you, 21Who by him do believe in God, that raised him up from the dead, and gave him glory; that your faith and hope might be in God. (1 Peter 1:20‑21)). Scripture also indicates that Israel will be attacked by the King of the North (Dan. 8:19, 23; 11:40-4319And he said, Behold, I will make thee know what shall be in the last end of the indignation: for at the time appointed the end shall be. (Daniel 8:19)
23And in the latter time of their kingdom, when the transgressors are come to the full, a king of fierce countenance, and understanding dark sentences, shall stand up. (Daniel 8:23)
40And at the time of the end shall the king of the south push at him: and the king of the north shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over. 41He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon. 42He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape. 43But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps. (Daniel 11:40‑43)
) and will be restored and brought into a relationship with the Lord in the "last days" (Dan. 12:1-41And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book. 2And many of them that sleep in the dust of the earth shall awake, some to everlasting life, and some to shame and everlasting contempt. 3And they that be wise shall shine as the brightness of the firmament; and they that turn many to righteousness as the stars for ever and ever. 4But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased. (Daniel 12:1‑4); Isa. 2:2-42And it shall come to pass in the last days, that the mountain of the Lord's house shall be established in the top of the mountains, and shall be exalted above the hills; and all nations shall flow unto it. 3And many people shall go and say, Come ye, and let us go up to the mountain of the Lord, to the house of the God of Jacob; and he will teach us of his ways, and we will walk in his paths: for out of Zion shall go forth the law, and the word of the Lord from Jerusalem. 4And he shall judge among the nations, and shall rebuke many people: and they shall beat their swords into plowshares, and their spears into pruninghooks: nation shall not lift up sword against nation, neither shall they learn war any more. (Isaiah 2:2‑4); Micah 4:1-21But in the last days it shall come to pass, that the mountain of the house of the Lord shall be established in the top of the mountains, and it shall be exalted above the hills; and people shall flow unto it. 2And many nations shall come, and say, Come, and let us go up to the mountain of the Lord, and to the house of the God of Jacob; and he will teach us of his ways, and we will walk in his paths: for the law shall go forth of Zion, and the word of the Lord from Jerusalem. (Micah 4:1‑2)). Some of these things have happened 2000 years ago and some of them are yet to happen. The obvious question is: “How can these things all be in the last days?”
People have come up with all sorts of ideas in an attempt to explain this. However, when we understand that the calling of the Church by the gospel is an interposed, parenthetical thing in the ways of God with Israel, the problem is solved. Taking the time of the Church’s sojourn on earth out of the picture (which has been almost 2000 years), we see that God's dealings with Israel go straight from the time of the Lord's death and resurrection to the 70th week of Daniel (Dan. 9:2727And he shall confirm the covenant with many for one week: and in the midst of the week he shall cause the sacrifice and the oblation to cease, and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate. (Daniel 9:27)), which is the final seven years of their history before Christ appears and restores Israel and establishes His millennial kingdom. In that sense, Christ's death as well as those prophetic events regarding the attack on Israel and the nation’s eventual restoration are really all in Israel's last days.