Sin demands atonement. Atonement puts God and man at one. When atonement is made man is cleansed and forgiven. In other words, things are made right.
The soul that sins shall bear his iniquity. How does a man bear his iniquity? The answer is quite simple: by suffering the consequences of those sins.
The New Testament sheds light on two types of peace: peace with God and the peace of God. Peace with God is “through” the Lord Jesus Christ (Romans 5:1; Colossians 1:20). According to today's passage, this “peace with God” is experienced only upon one’s justification at the moment of salvation. Trusting Christ's payment through His death, burial, and resurrection remains the only basis for grasping this peace. Before a man trusts in Christ, he is God's enemy (Romans 5:10), but after salvation, he has been gloriously reconciled to God through the work of God's Son. No man earns this peace and no man can lose this peace to again become God's enemy because this peace is an everlasting peace.