The opening verse of this Psalm rings with melodious harmony as thanksgiving unto the LORD is the first priority: "Unto Thee O LORD do we give thanks: for that Thy name is near Thy wondrous works declare." The reason for this utterance of thanksgiving is the nearness of the LORD indicated by the works accomplished through the power of His great name.
But, the theme of the song is found in (v.2) "When I shall receive the congregation I will judge uprightly." "God is the Judge" (v.7) He will bring the world into righteous judgment during His Day of the Lord wrath which this Psalm looks forward to as indicated by the references to Day of the Lord passages also found in the book of the Revelation.
"For in the hand of the LORD there is a cup, and the wine is red; it is full of mixture; and he poureth out of the same: but the dregs thereof, all the wicked of the earth shall wring them our, and drink them." (v.8) This agrees with Revelation 14:10 "The same [beast worshippers] shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of His indignation". And, Revelation 16:19 "Great Babylon came in remembrance before God, to give unto her the cup of the wine of the fierceness of His wrath."
This intense punishment upon "all the wicked of the earth" from the Lord is yet future, and will take place during Daniel's Seventieth Week at the end of the age. (v.10) declares: "All the horns [symbol of strength/authority] also will I cut off; but the horns of the righteous shall be exalted" showing the Lord's righteous judgment once again as it looks to that future day of reckoning.
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