It is a foundational belief of the premillennialist that Bible prophecy refers to the present century.

"When we take a hard, cold realistic view of conditions and trends, they do point inevitably to a fast approaching world crisis of combined nuclear war, starvation, uncontrollable disease epidemics, crime and violence and the extinction of human life on this planet. Man has no solution."
(Herbert W. Armstrong in The Wonderful World Of Tomorrow)

Premillenniallsts cannot prove from the Bible itself that the Bible is talking about our world today. So they make their argument in reverse. They seek to prove from our world itself that our world today is what the Bible is talking about. They look at the world in our generation and see unprecedented things that lead them to conclude that our world today is so remarkable and extraordinary that it must be what Bible prophecy is specifically about.

The Irrelevance of Opinions About Modern Trends

In the doomsday view, mankind is heading for self destruction, and mankind has no solution. The solution must therefore be in God’s hands, and he must be going to intervene very shortly to bring us back from the edge of extinction. If that is true, then surely the Bible must have much to say about it and that is why we ought to believe that our world today and our immediate future is what Bible prophecy is all about.

That is how the premillennialist reasons, and it’s logical enough if you allow the starting point, namely that mankind is heading for self destruction --the world is getting worse and heading for doomsday. That, however, is mere conjecture and opinion. Hence, premillennial reasoning rests on a point of mere conjecture as though that point were a given, when that in fact it is both problematic and irrelevant.

Let me say that again plainly: Whether or not the world is getting better or worse is purely a matter of opinion and therefore an irrelevancy because our faith does not rest on matters of opinion.

If Opinions Count...

These opinions are at least as respectable as the doomsday view, not least because of their optimistic nature. But all these opinions, on both sides, are irrelevant. We don't interpret the Bible by starting with a human opinion (no matter how popular it might be) and then force the Bible to conform to it.

The Bible Points to Normal Conditions at the Time of Jesus’s Coming

The scriptures indicate that the world when Jesus comes will not be on the brink of doom. Premillennialists arbitrarily assign most of the doom prophecies to our day, and ignore certain passages that show a normal world at the time of Christ’s second advent.

2Pe 3:3-4 Peter says that in the last days mockers will say that Christ is not coming because all continues just as it was from the beginning of creation. The world will be its normal self.

1Th 5:1-3 The day of the Lord will come unexpectedly. People will be complacent saying "Peace and Safety!"

Gen 8:22 While earth remains seedtime and harvest and the normal seasons shall not cease.

Lke 17:26-30 The appearing of Jesus will be at a time when people are eating and drinking, getting married, buying and selling, and building things. Life will be business as usual on the day that the Son of Man is revealed.

Mtt 24:4-8 Even when there are wars, earthquakes, famines, and false prophets arising, that doesn't indicate that the end is at hand. (Those events too are, in a sense, normal. They have been happening throughout the world’s history.)

Can the World Get Worse Than the Day They Crucified God’s Son?

The theory that the world is getting worse, signifying the end times, is one of those things that sounds right till you give it some thought. Have we forgotten the flood in Noah’s time? The whole world was destroyed, and the world’s human population was reduced to eight. That’s eight. Not eight million. Just eight. Talk about the extinction of the human race! How much closer could you get?

Some of the history recorded in the Bible tells of times of terrible tribulation, carnage, disaster, plague, rampant crime, utter godlessness, holocaust, great cities obliterated. Its all there in ancient history. Modern history over the last 2000 years, or even the last two years, is no different. These things never were the sign of the second coming, and they are not today.

The Consummation of the Ages

The idea that now is the consummation of the ages, and in the near future will come the world’s darkest time, is not what the Bible teaches. The Hebrew writer understood the "last days" and the "consummation of the ages" to be in his own time some 2000 years ago. (Heb 1:2, 9:26). The reason is not difficult to see. In the Hebrew writer’s own times, the Son of God has been crucified. That is as dark as the world gets.

When you think about the cross of Christ it is hard to hold the view that our world today is worse than the world of yesterday. Surely the world’s darkest hour was when they crucified the Lord. If it was God’s plan to restore his kingdom at history’s blackest moment, then it was God’s plan to restore his kingdom at the cross of Christ. And this he did.

It was at the time of the first coming of Christ that many prophecies were fulfilled, which premillennialists anachronistically move forward two thousand years to the the time when they expect the second coming. A little thought will reveal the error of that.

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