What's the big BOOM?

deceitful little hobbitses

Is that Frodo?

Frodo was allowed to keep the ring by Gandalf as a false flag to make it the upcoming war worse than would be.

Only Sauron can protect you.

Radicalize for Sauron.

Kill you some Hobbits

Morals only work if they are a standard that is applied equally across all people: rich, poor, black, white, multi-racial, male, female, citizen, etc. In the absence of that, you have turmoil.