This YouTube reveals the teachings and thoughts of Chuck Pierce. Dr. Pierce has worked with C. Peter Wagner and his wife Doris for years, and continues to serve as Watchman of Global Harvest Ministries in Colorado Springs, Colorado. He heads the Glory of Zion International ministry, and is on the Executive Board of the International Coalition of Apostles. He may be in line to lead the Global Harvest Ministries at the passing of C. Peter Wagner.
Dr. Pierce speaks a different language than the typical Christian. It is because he uses the Kabbalah and eastern religions to support his concepts. He may try to make you believe that Christians are narrow-minded, but he is teaching on a concept that is outside of Christianity - without telling you what it is.
In the video:
1. Chuck Pierce introduces the idea that God can change the past. God can go back three generations and change the details of a persons past. (I'm not certain how he gets this, unless it's due to reincarnation and time being circular.)
2. He says that the past can be changed because time is not linear, but circular. If you respond now in faith, God will change your past and open your future. 
Although Dr. Pierce says it's biblical, it is actually from the Kabbalah and the eastern religions. Reincarnation and cyclical history suggest that you always have a second chance. Linear history states that you had better get it right this time because there is no second chance. "It is appointed unto man once to die and then the judgment" (Heb 9:27).
Gilgul, an aspect of reincarnation in Kabbalistic Judaism, which is supported by Pierce, means "cycle" and neshamot is "souls." They believed that the souls of ancient Israel would reincarnate into their genetic descendants, which include to souls of the original apostles and prophets.
Time is Linear
In general, the Judaeo-Christian concept, which is based on the Bible, is that time is linear, with a beginning, the act of creation by God. The Christian view assumes also an end, the eschaton, expected to happen when Jesus returns to earth in the Second Coming to judge the living and the dead. This will be the consummation of the world and time. St Augustine's City of God was the first developed application of this concept to world history. The Christian view is that God is uncreated and eternal so that He and the supernatural world are outside time and exist in eternity.
Modern depiction of the wheel-of-time
After viewing the complete video, I think that Steve Schultz is probably a very nice person. Little does he realize what he's involved with.
(Note: There was more to this original post, but it has mysteriously disappeared.)