The Preterist view: They see this passage as the theme of the prophecy concerning the fall of Rome, and that we can trust God. The eternal gospel is the importance of solid biblical preaching. Preaching is not done by the angels; rather, they represent and show the call to us as well as the announcement of doom for those who fail to bring the salvation message. In addition, they announce doom to those who are evil and wicked and who refuse God. Babylon refers to Jerusalem and its wickedness, its unfaithfulness, and its betrayal to God and to Christ, refusing to allow the Gospel to be proclaimed; hence, the reason for Rome being used as the judgment tool. Some in this camp see Babylon as a cryptic reference to Rome or only referring to Rome after the fall of Jerusalem. Drink of the wine of God’s fury is seen as an image of hell and suffering for the wicked. Smoke of their torment is seen as the example of Sodom and Gomorrah and God’s vengeance. Blessed are the dead is seen as the righteous being taken care of and blessed and/or the eternal bliss of heaven.
The Futurist view: They see the eternal gospel as two different gospels—one of John the Baptist and one of Christ. Or, they see the Gospel as being a different one from the Church Age proclaimed after the Church has been raptured. Most believe the angels are figurative because, in their view, angels do not evangelize. Others see this as the Good News for the faithful as God unleashes His judgment and vengeance. It is extraordinary that they can come up with so many views of the Gospel or that there are many types of gospels, when the Bible only teaches one. Others in this camp see this as a summons to repent, which it is. Babylon is viewed as the great tribulation or that it is close. Others see it as literal city to be rebuilt, the rise of a persecuting political power, or the character of evil and a symbol of ungodliness as depicted by that ancient city. Others see it as a false church rising in the future. The drink of the wine of God’s fury is God’s judgment on those who take the “mark of the beast.” Full strength, referring to His judgment and wrath, is not to be tampered with. Blessed are the dead is seen as the martyrs receiving their reward and/or to die for Christ is our gain from Phil 1:21. Others see it as a term for faithfulness and the rewards thereof.
The Idealist view: They see the angels as symbolic and the eternal gospel not the gospel of the New Testament but a last call for repentance and the call of judgment just before the end of days. Others see it as the Gospel of the New Testament being offered because of the term everlasting. Babylon is a symbol for humanity in rebellion and opposition to God, its seduction and ungodliness and/or governments which trick people away from God. Drink of the wine of God’s fury is a warning of the seductions of evil and judgment to those who do not heed God’s love and plan. And, His plan will be on full force without opposition, so get with it or else. Smoke of their torment is a symbol for the fires of hell and punishment. Blessed are the dead and patience are the rewards for staying loyal to God who gives us strength and answers our faithfulness with affirmation.
The Historicist view: They see this passage as symbolic of the rise and fall of the anti-Christian governments and powers over time. Thus, the eternal gospel is not thwarted by men because it is powered by God. The angels represent the various mission movements and/or the Great Awakenings and rise of evangelism. As well as the destruction of Babylon, Babylon as this time in Revelation is seen as evil Papal Rome and judgment to those whose allegiance is to them or to any form of fornication to God. The smoke of their torment is seen as hell and the results of judgment, and its people having no regret or remorse for their life choices or where they ended up. Blessed are the dead is seen as the resting place of the faithful and something we can look forward to.