We have to travel far and wide before we can comprehend this story,
but in psychological terms ‘Loki’ is straightforward enough.
He represents the shadow side of the personality.
In the Myth Cycle as a whole,
Loki’s binding brings on the destruction of the world,
but at this stage of the story he is introduced to us in all his ‘glory’.
Given free rein in this way, Loki advocates a hazardous
solution to a seemingly insurmountable problem for the Gods.
When this looks like going awry he manages to save the day,
and brings a much needed boon to the Nine Worlds,
in the wake of a costly transgression of oath.
‘Solemn oaths were broken
word and bond
and binding pledges
which had passed between them.’
The shattering of the Rock Giant’s skull,
after he has previously been granted safe passage in Asgard,
reflects the, potentially, ‘Qliphothic’ shattering of the personality at transition.
To claim Loki is misunderstood, or undersold in these stories,
would be an understatement!
This myth also appears slightly disingenuous
when it states that Loki stayed away from Asgard, ‘for some time’.
As the gestation period of a mare lasts between eleven and twelve months
the information given here could, perhaps, have been more pertinent.
The colt which Loki bears and then gifts to Odin can be identified
by returning its description to a riddle form.
What is grey, can out pace all other earth-bound steeds,
can move over the sea, and through the air, and uses its eight ‘legs’,
or phases, as it traverses the night, into day?
The answer is, the Moon…
As a ‘heavenly steed’ the moon
is even swifter than the sun,
covering the same distance in one month,
as the sun covers in a year.
Looked at in this way, the story has far more antiquity
than initially meets the eye.