The Bible says:

James 5:1 Come now, you rich, weep and howl for your miseries which are coming upon you. Your riches have rotted and your garments have become moth-eaten. Your gold and your silver have rusted; and their rust will be a witness against you and will consume your flesh like fire. It is in the last days that you have stored up your treasure!

The last days applied to the rich of the first century

The last days do not apply to the rich of the first century

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Hint:

Keep in mind the context of the verse.

The book of James was written in about 62 AD and addressed universally to all Christians.

The verse is written in past tense, not the future tense.

Is it reasonable to exclude all the Christians of the first century from the context of the verse?

Doesn't this indicate that THEY lived in the last days 2000 years ago?

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The Bible says:

James 5:1 Come now, you rich, weep and howl for your miseries which are coming upon you. Your riches have rotted and your garments have become moth-eaten. Your gold and your silver have rusted; and their rust will be a witness against you and will consume your flesh like fire. It is in the last days that you have stored up your treasure!

Question: When did the last days begin?

The last days started in 1947 AD when Isreal became a nation again.

The first century Christians lived in the last days

The last days have not begun yet, but will surely begin by 2000AD

I am not sure, let me review this verse again please!