Listen, Varyag, I'm a bit confused by all this.
Varangians is how the Byzantines incorrectly pronounced the original name (Varyags) of these people. My people.
I'm no linguist, but where did you get this idea? None of the etymological references I've seen say anything of the sort. Dictionary.com says:
Varangian
"one of the Northmen who founded a dynasty in Russia," 1788, from M.L. Varangus , from Byzantine Gk. Barangos , a name ult. (via Slavic) from O.N. væringi "a Scandinavian," prop. "a traitor," from var- "pledge, faith," related to O.E. wær "agreement, treaty, promise," O.H.G. wara "faithfulness" (see very). Attested in O.Rus. as variagi ; surviving in Rus. varyag "a pedlar," Ukrainian varjah "a big strong man."
Varyags capital was Arcona (which literally means peninsulla of Ar, or Yar), which is now a peninsulla in the land of Deutsche tribe. It was the richest city in Europe at that time (~400 - 900 AD) because Varyags were doing lots of pirate raids against the Holy Roman Empire and its sattelite tribes.
This seems a bit unlikely, since the Holy Roman Empire was founded in the 960s. The rest of it I don't really know anything about, but from the geography it's clear that you're talking about an entirely different group of people than the rest of us, and of course a different time as well. Basically, I'm a bit unsure of the point you're trying to make.
Anyway, it's a pretty picture.