Loki and Tony are together. Loki knows that Tony won't stay with him if he keeps attacking Midgard because, in Loki's eyes, Tony is the unofficial king of Earth. Loki is the fallen prince of not one but two kingdoms; a disgrace. The solution is obvious: blow Alfheim to smithereens and build a kingdom worth of Tony's regard. Yes. Nothing can go wrong with that plan.
nah, nothing wrong with genocide and a little bit of conquering. :)