Now, whether or not this verse pointed to Jesus in the past or to the Prophet Moses speaks of (he commands all to obey the future prophet or else) or to some anointed person coming in the future . . . the plain fact is that someone is coming from God whom the world is gonna plot against.
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This is one of the strangest Psalms in the Bible. If one listens to it carefully, one sees it as a discussion between three different aspects of the Godhead about a war which humans are planning against God's anointed. Sounds as if this is at the end of time and concerns events surrounding the antichrist and the book of Revelations.
The three folks mentioned in the Bible are THE LORD, the Lord, and another person of the Godhead (It seems to be the Holy Spirit).
It begins with one person asking another person about heathens and rulers who are counselling together against the Lord and the Lord's anointed.
1Why do the heathen rage, and the people imagine a vain thing?
2The kings of the earth set themselves, and the rulers take counsel together, against the LORD, and against his anointed, saying,
3Let us break their bands asunder, and cast away their cords from us.
4He that sitteth in the heavens shall laugh: the LORD shall have them in derision.
5Then shall he speak unto them in his wrath, and vex them in his sore displeasure.
I think this first part is spoken by the Holy Spirit. It might be David saying it...but if it is David, it's David saying it through the Holy Spirit because David as a mere human doesn't know what all the rulers and kings of the earth are doing. The speaker says, "The Lord shall laugh at them." So the Speaker can't be the Lord. But the speaker can't be the Lord's Anointed either. Because the Lord's Anointed seems to be a human who is being plotted against. The Messiah chosen to rule the world from Mount Zion.
Then it seems the Father Person of God answers. I say this because Father God is the only one who can set his king? Also who does the holy hill of Zion belong to? The God of all the earth.
6Yet have I set my king upon my holy hill of Zion.
Then it seems the Holy Spirit says -- we know this because Jesus challenged the priests by mentioning this in the gospels:
7I will declare the decree: the LORD hath said unto me, Thou art my Son; this day have I begotten thee.
The holy spirit declares the decree. The Lord hath said. And the Lord is speaking about the Son. Then the Father adds:
8Ask of me, and I shall give thee the heathen for thine inheritance, and the uttermost parts of the earth for thy possession.
9Thou shalt break them with a rod of iron; thou shalt dash them in pieces like a potter's vessel.
10Be wise now therefore, O ye kings: be instructed, ye judges of the earth.
11Serve the LORD with fear, and rejoice with trembling.
12Kiss the Son, lest he be angry, and ye perish from the way, when his wrath is kindled but a little. Blessed are all they that put their trust in him.
Often in the Hebrew version of the Tanach, whenever something sounds as if it's pointing to Jesus, a different wording is present. (Or if the wording really can't be changed, then the interpretation is different --as in the Jewish interpretation that Isaiah 53 refers to Israel) So Jewish folks will differ on the phrase "Kiss the Son." But the important thing here is this: whoever this anointed is...the time will come when the world will rise up against him.
Now why is this war so absurd? Because it is the war that has been brewing since time began. Because it's a war that is totally unwinnable. The spirit of antichrist which is in the world and which has been challenging God's rule from time immemorial is behind it. The spirit of antichrist was already in the world when Jesus came to earth in human flesh. But it appears that at the end of time, humans will wage war against the lord's anointed. Weirder: it's be a worldwide war, which makes it a very stupid war. The book of Revelations and the Book of Thessalonians tell us that people will believe a great lie that they can actually war against God and win. Absurd? Yes. But humans are able to be deluded by what they deeply wish to happen.