During the Council of Elrond, I sort of got the idea that one race has faith to handle a situation pretty much only in itself, and does not really trust any one else. Yet all agree to trust Frodo, the small little hobbit, with the Ring. The hobbits continually surprise the others with their ability to "bounce back" and to take on hardships not easily thought of halflings. Aragorn has made at least three exclamations about his opinion, usually with something like "You're strong for your size," or "I never thought such a small hobbit could have so much courage." Is it all/only forshadowing?
And, the Ring is a small object that has a lot of power. Sauron's Ring can destroy the earth, but rings are also important gifts, like in Beowulf. Anyone see any connections, or other ideas?