Question: Could you make some comment on this year being the seventieth year of Jubilee: 70 x 50 = 3,500 years. I know there is a Jubilee every 50 years and this year is the seventieth one. Does that have any significance for prophecy today?
Response: The counting of years for each “jubile,” as the KJV puts it, was apparently to begin with the entrance of Israel into the promised land: “When ye come into the land which I give you, then shall the land keep a sabbath unto the LORD....in the seventh year shall be a sabbath of rest unto the land....And thou shalt number seven sabbaths of years...forty and nine years. Then shalt thou cause the trumpet of the jubile to sound....ye shall hallow the fiftieth year and proclaim liberty throughout all the land....A jubile shall that fiftieth year be unto you...” (Lv 25:1-11).
Tragically, Israel as a nation did not keep these seven-year sabbaths for 490 years (450 years under the judges and 40 years under King Saul—Acts:13:20- 21). As a result, God eventually allowed His people to be taken captive into Babylon so that the land could have the 70 sabbaths it was owed. As for the seventieth jubile, we certainly are near it, but I doubt that anyone could determine for certain the exact date of Israel’s entrance into the promised land and thus which year the seventieth jubile would be. Nor do I know of any scripture to tell us of any prophetic significance for the seventieth jubile.