Israel lost her right to be called Gods chosen people
Do you think God made a mistake when He told Abraham He would make a "nation" from him? Do you think God did not know the problems that would be associated with assembling an entire nation of faith?
Remember what happened when the people rose up to play after Moses had taken them out of Egypt?
Exo 32.9 “I have seen these people,” the Lord said to Moses, “and they are a stiff-necked people. 10 Now leave me alone so that my anger may burn against them and that I may destroy them. Then I will make you into a great nation.”
Israel, as a people, turned against Moses as if he was a "failed prophet," and used that as an excuse to indulge their carnal interests, their sexual perversions, their desire to control what their god says. But instead of calling for their destruction, Moses interceded for them. That's the heart of a true man of God, a true prophet.
God really didn't intend to destroy Israel, because he knew that Moses was like Himself, being patient with the people and willing to forgive them until a faithful people could emerge from within the whole nation to mold a complete nation of faith by.
Incidentally, the only time Moses really erred in his journey through the Wilderness was when he did lose patience with Israel. He slammed the rock twice to call forth water from it, showing his own emotion rather than God's patience. God did not want us to lose patience with those God has targeted to do work with.
So God was saying that He could make a whole nation from one man of faith, namely Moses. But Moses deferred to others in Israel, because he believed God could arrange to have a strong remnant of faith from which to build an entire nation.
No, God intends to have a "nation," and not just a remnant of faith. He will build the whole nation around principles of faith so that an entire nation will fulfill what God promised to Abraham. God will never break His word.
In our time Israel is still in her "time of national punishment." Even though God has graciously allowed the Jews to return to their land they are still under punishment. God is letting the world abuse them, to hopefully turn some of them back to Himself.
The time will come when Christian Civilization will completely collapse, and that time is not far off. This will be the time when all nations threaten Israel's destruction. But God will save a remnant, and remake a new nation of faith with the return of Christ. That's my interpretation of biblical prophecy, and I'm sticking with it! ;)