Revelation 1:5

And from Jesus Christ, who is the faithful witness, the firstborn of the dead, and the ruler of the kings of the earth. Unto him that loveth us, and loosed us from our sins by his blood.

Jesus Christ who is the faithful witness ... There is a powerful New Testament emphasis upon the faith of Jesus Christ, as in Paul's writings, especially in Galatians 2:16,20; 3:22; Romans 3:22,26; Ephesians 3:12; Philippians 3:9; etc. There is a false impression that since Christ was deity incarnate he did not need to have faith; but in our Lord's humiliation as a man, faith in the Father was his predominate characteristic. All hope of salvation rests ultimately in the faithfulness of our Lord Jesus Christ. He was the faithful witness in the sense of delivering accurately to mankind the word and the commandment which the Father gave him on behalf of humanity.

The firstborn from the dead ... The New Testament records the resurrection of Dorcas, the daughter of Jairus, Eutychus, the widow's son at Nain, and that of Lazarus in addition to the resurrection of Christ. In addition, there were "many of the saints" who came out of their graves following the resurrection of Christ (seven resurrections). In what sense, then, is Christ the firstborn from the dead? He alone came back from death never to die again; and besides this, there is the inherent significance of his being the first of many to triumph over death. As Beckwith put it: "The language implies the future resurrection of the saints."[15]

The ruler of the kings of the earth ... Christ is here spoken of as the possessor of all power and authority, fully in keeping with the Saviour's words, "All authority in heaven and upon earth has been given unto me" (Matthew 28:18). It should be noted that this authority belongs to Christ in the present time and perpetually. He is not planning to start ruling at some future time; he rules now! A great deal of the misunderstanding of this prophecy, as well as of the whole New Testament, derives from a failure to take account of this tremendous truth. Many have difficulty believing that Christ rules now; because, as they say, the world is in such a dreadful mess. However, the world was in a dreadful condition in the days of Nebuchadnezzar, who had to eat grass with the beasts of the field for seven years to learn that "The Most High rules in the kingdom of men" (Daniel 4:25). As for the reason why God's rule permits such atrocious wickedness on earth, it is clear enough that God permits it because it is in keeping with his purpose. The reign of Christ now in this present time will be more extensively treated under the "thousand years" interpretation (Revelation 20:2). There is no way in which this student of the Lord's word can accept such a declaration as that of Hal Lindsey, who wrote: "Even though Christ has the right to rule the earth, he isn't exercising this authority over kings and kingdoms at this time."[16] If Christ is not exercising his authority, how can the church receive his promise that Christ will be with us "even unto the end of the world" (Matthew 28:18-20)? Yes, despite the inability of some to see and recognize it, Christ is ruling now and will continue to rule until the last enemy is destroyed (1 Corinthians 15:25).

Unto him that loveth us, and loosed us from our sins by his blood ... Of significance are the present tense (loveth) and past tense (loosed), showing that Christ's love is continuous, and that the redemption mentioned is a past accomplishment. Since it is an undeniable truth that Christ keeps on saving the saved until at last they are saved eternally in heaven, it is evident that the initial salvation in conversion is the redemption that John had in view here; therefore, the KJV rendition of this as "washed us" is likewise correct. On what the scholars consider sufficient textual evidence, this was changed to "loosed us" in subsequent versions. The Greek words for these two expressions are almost identical in appearance; and, furthermore, it is immaterial exactly which is the original reading. As Hinds said:

Both words state true facts. That Christ washes us, cleanses us, through the merits of his blood is unquestionably true, as stated in Revelation 7:14. But by Christ's blood we are loosed from our sins also.[17]

The passage in Revelation 7:14, as well as the overtones of the whole context, incline us to accept the opinion of Carpenter: "The general tone of thought would lead us to prefer "washed" as the true reading."[18] The slavish following of certain preferred manuscripts is not necessarily an infallible method of determining accuracy.

[15] Isbon T. Beckwith, op. cit., p. 428.

[16] Hal Lindsey, There's a New World Coming (California: Vision House, Publishers, 1973), p. 26.

[17] John T. Hinds, op. cit., p. 22.

[18] W. Boyd Carpenter, Ellicott's Bible Commentary, Vol. VIII (Grand Rapids, Michigan: Zondervan Publishing House, 1939), p. 535.