So basically, pretty much as I speculated, Blake resided in a Truman Show-esque fake suburban fantasy, just constantly walking down the street making chit chat with an endless string of neighbors. Except, at some point, he became aware of the nature of his reality and snapped. A little unclear on the details of how he gained all this power he has, but I presume we will be getting some additional answers in subsequent issues, as Thor explores what's left of Blake's world. Anyway, Thor lies by omission by saying he wants to be gone for just a weekend, to get his head back on straight and not have to deal with King stuff for a bit. He neglects to mention all the other stuff going on with the hammer etc. and says he asked for Loki specifically because he needed someone to deceive Sif into thinking he had not left (though, how he plans to do that when the possibility remains she is listening in on the conversation is a mystery) and Loki seems like the obvious choice to do that. He can say he went to Jotunheinm for reasons, Loki can hide Blake and maybe make it appear Thor's there in his castle or whatever. Loki says he is no longer the God of Lies though, and doesn't want to be the one to do that kind of thing anymore. He also knows Thor is leaving stuff out and when Thor won't admit to omitting some rather important details, Loki picks up Mjolnir and chucks it at Thor. Thor relents and confirms what Loki said, and Loki agrees to the scheme. Thor and Blake switch, Thor ends up in the wrecked world where Blake was, and finds the dead remains of a dragon, possibly Jormungandr. (there's some captions explaining a bit about it, but that's about all that happens there) Blake appears before Loki, they fight, while Blake says he he will never be a prisoner in that other world again, and in the fight he breaks Loki's arm, but otherwise Loki ought to be ok, unless Blake kills him off in the beginning of next issue, also, Loki calls himself Loki Odinson, so either a mistake, or a sign that even though Loki has inherited his birth father's throne, he is severing familial connections with him. then Blake breaks his cane and i presume he is off to kill Thors.
Overall it was a LOT of exposition, which I guess was to be expected, had to explain Blake for people who might be more recent readers of the comics, had to explain Loki's face turn for people who missed that, and had to squeezed in all the new information of this realm Blake resided in. But id did make it a bit clunky, and am hoping that next issue, it's not as exposition heavy. But as I said, it is good to see that Cates is still going with the face turn, though he did kinda gloss over the solo series, with Loki being back to calling himself the God of Stories, though a little disappointing that Loki had to be the one to get beat up to show how tough Blake is. But, I presume Loki lives, he knows what is going on and it's kinda his responsibility to fix it. It may be that Blake is unaware of events in the real world since he last swapped with Thor, so he may not know Jane got her Thor on recently, which may lead to him targeting Bill, Throg etc. first, but he will probably learn, at some point, or just go to her because he knew her. My hope is that Loki will try to beat him to her, to warn her. He seems to be going after Thors specifically because he sees them as gateways to that other realm. Even though it was only OG Thor specifically that ever swapped with Blake. But I mean, he's insane so...
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