Mixed metaphors can be a very effective rhetorical device – even if it's unintentional. So when a leading Financial Strategist with one of the mega-banks that is floundering in debt of its own making, drops such a mixed metaphor with a clang measurable only on the higher decibel range, and does so on the Breakfast News on the BBC, it tends to waken me up. Asked why the failure of Banks to lend to each other was such a damaging issue she said, and I quote:
"Inter-bank lending is the grist that oils the wheels of the economy".
The phrase "grist to the mill" was first used in the English translation of Calvin's Sermons on Deuteronomie, 1583. It means "everything can be used to move toward a profit or conclusion". Now, correct me if I'm wrong, but grist doesn't oil wheels, it gets ground up by wheels, big round stone ones. And inter-bank lending, and the pass the parcel approach to trading in debt,wrapped up in words like 'securities', it is now very clear, doesn't lead to profit or good conclusions, but to the credibility and security of Banks being ground down by the very system they created. The wheels of the economy are not being oiled, their bearings are being burnt out by grist! Or so it seems to this amateur observer of this new mystery religion with dangerous junior deities called Sub Prime, Credit Crunch and Market Meltdown.
One way or another, we're going to have to face up to a world in which we can no longer afford to worship Money and its pantheon of sub-deities. It's the God who has failed – again! The old Scottish version of the Lord's Prayer, "Forgive us our debts, as we forgive our debtors" could make a comeback in a postmodern world which has tended to assume that the globalised market is here to stay. It's an interesting question, the relationship between the origins and development of postmodern culture and the economic and technological assumptions that nourish that culture.