Ancient British cultures reflected in ME

[Auriel Haevasawen]

Many apologies if this is not erudite enough for the Books. I usually hang around on Novices and Newcomers but thought this might be a bit heavy.
Here goes. I read a lot about the Dark Ages and began to draw the following parallels and would appreciate other opinions.
1. Are Dwarves based on Vikings? Warlike, agressive, thieves, redhead etc. Users of runes and skilled in silver and gold. Women the equal of men.
2. Are elves celts? Ancient peoples forced into the west by invaders. Tall, reknowned for their own art and jewellry unlike any other. Druids and mysticism.
3. Are Hobbits Saxons. The main occupants of Britain by the end of the Dark Ages generally peaceable.
4. Are William the conqueror and the Normans Saruman and the orcs?
This is by necessity very brief and perhaps implausible, it just happened to be my idea thread. Many apologies if I've offended any users of 'The Books' by my theories.