God not delighting in and not requiring sacrifices and offering points to terminate His economy in the Old Testament. The revelation in Psalms 40:6-8 is one of the important and greatest revelations concerning Christ in His commission of His incarnation. Verse 6 says, "You do not delight in sacrifice and offering," and again, "You do not require burnt offering and sin offering." This indicates that God was intending to give up His Old Testament economy. In Hebrews 10, Paul indicated that to stop the sacrifices and offerings of the Old Testament is to replace the Old Testament for the establishment of the New Testament.
Christ will come to do the will of God (Psalms 40:6-8), and the will of God is that Christ has to replace everyone, everything, and every matter. In the whole universe, God does not want anything except Christ. God wants only one person—Christ. He wants Christ to replace all the offerings, to replace all things, to replace all matters, and to replace all men. David encouraged people to keep the law, but Christ crucifies, terminates, every law-keeper. Christ does not want to see anyone endeavoring to keep the law. He wants to see every law-keeper terminated by the cross.
In Psalm 40:6, "You have bored My ears" signifies that God required obedience of Christ as His Slave in Christ's humanity. This obedience was for Him to do the will of God by being the sacrifice and offering in His crucifixion in the flesh, the body. Hebrew 10:9 and the prophecies in Psalm 40 also show us clearly that Christ was a Person who lived His life absolutely for God. Every part of His being, His every breath, and every drop of His blood, were altogether absolutely for God. Because of this He was qualified to be our sin offering to deal with our sin and to take away our sins which we inherited by birth. This is not a shallow thing; this is not an easy thing. It needs One who lived a life absolutely for God.
Today, by Christ's first coming, the entire Old Testament has been terminated and replaced. Now our offering and sacrifice are Christ. Day and night we offer Christ to God as all kinds of offerings. Whenever we sin, we ask God to forgive us, taking Christ, God's Son, as our sin offering and trespass offering. He is the real offering for our sin and transgressions. When we need peace toward God, we can take Christ as our peace offering. We can also take Him as our burnt offering and meal offering. Christ is everything to us because He fulfilled all the Old Testament types and has taken them away. Praise the Lord! Today He is the reality of all the types in the Old Testament.
Hymns, #1188
Upon the throne of Jesus Christ
We've taken up our seat.
The world and Satan, sin and self
Are all beneath our feet!
Christ's finished work did put us here.
When once for all He died;
No more are we the sinners poor,
We're fully glorified.
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Scriptural base & additional references
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1) Psalms 40:6-8
6 You do not delight in sacrifice and offering; You have prepared ears for Me; You do not require burnt offering and sin offering.
7 Then I said, Behold, I have come; In the scroll of the book It is written concerning Me.
8 I delight in doing Your will, O My God; Indeed Your law is within My inward parts.
2) Hebrews 10:8-9
8 Saying above, "Sacrifices and offerings and burnt offerings and sacrifices for sin You did not desire nor delight in'' (which are offered according to the law),
9 He then has said, "Behold, I have come to do Your will.'' He takes away the first that He may establish the second,
3) Life-Study of Psalms, Chapter 17-18
4) Experiencing Christ as the Offerings for the Church Meetings, Chapter 9
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