I had a dream last night, and in it I was struck by the thought that to believe you have a contract with God you most likely believe yourself his equal in some way.
Why would you need a contract with God if he loves us?
edit: Perhaps I should clarify that I'm referring to a group of people who view God's love as some kind of business deal, a singling out from the rest of humanity for special treatment.
PS I also don't think it's the same God that I percieve.
Are you speaking about the Abrahamic covenant? If so, that was specifically for the Jews and was designed to demonstrate to them that they needed a savior. There were so many laws to follow, it was impossible for anybody to perfectly keep the law, showing them that they, as humans, were not capable of saving themselves. And that's where the blood sacrifices came in. An animal substitute that took on their sin and whose blood was spilt in recompense. Those animal sacrifices set the stage for Jesus, the ultimate and final blood sacrifice to come.
If you are speaking about the grace covenant, that is essentially one way. From God's perspective. Our belief is required, but once we believe, even if we 'mess up,' and sin (which we will) God does not cancel His part of the bargain. Ephesians 4:30 assures us that we (believers in Christ) have been 'sealed for the day of redemption.' Hopefully I understood your meaning.
“Abraham covenant…specifically for the Jews.” No, there were no Jews at that time. Jews were from the tribe of Judah, who wasn’t born yet, and after the kingdom of Israel split from the kingdom of Judah after King Solomon. Gal. 3:6-7 says, “Even as Abraham believed God, and it was accounted to him for righteousness.” Know then that they who are of faith, these are sons of Abraham." The promises were spoken to Abraham and his Seed, Christ, and if we are in Christ, we are Abraham’s seed and heirs according to the promise (vv. 16, 29).