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Runes

The runic system was in use by the Nordic and Germanic tribes of Northern Europe for both secular and religious purposes. There is some debate amongst scholars, but the first examples of the runes to phonetically represent language appear to date from around the second century BC, though there have been carvings of runic symbols found that date back as far as 1300 BC. The development of the runic alphabet was a fairly recent occurrence, brought about by the increased trading activity with Mediterranean neighbors who already possessed a fully developed alphabet.

Before this time, the runes were primarily a magickal system of pictographs representing the forces and objects in Nature. It was believed that by calling upon the appropriate rune one could thereby make contact with the force in Nature the symbol represented.
The craft of runemal touched on every aspect of life, from the most sacred to the most practical. There were runes to influence the weather, to aid the crops, to inspire love in a mate, to increase fertility,  and to heal the sick.  Runes were carved on many items including weapons, drinking horns, spears, amulets, the prows of ships, and the timbers of houses; each with its own combination of runes, usually for luck and protection. Runes were even used to curse one's enemies and to remove the curses placed by one's enemies. The runes were an important part of the lives of the people, and they drew special comfort from seeing their powerful symbols on even the homliest of objects.
The rune casters of the Teutons and Vikings wore startling clothing that made them easily recognizable. Honored, welcomed, feared, and respected, these men and women were familiar figures in tribal circles and they understood the wisdom in helping the common man to share in the magick they worked.
Runes were made of a variety of materials: carved into pieces of hardwood, incised on metal, cut and stained with pigment into leather, and, of course, carved into or painted onto stones. Often the Rune castors would employ those that were too old or too infirm to contribute to the tribe in other ways for making runes, making bags or boxes to hold the runes, or other quasi-magickal work, thus bringing back a sense of pride to these people.
In fact, what we call the Tudor or half-timbered building style has evolved from the Germanic Fachwerk architecture. The placing of the timbers at angles in the plaster was originally done in such a way as to form a runic shape which was believed to impart its power and magickal significance to the building itself with the building passing it on to the people living inside. Although the architects of today do not concern themselves with the magickal qualities of their structures, it is still possible to discern some runes in the timbers of modern homes.
There were several different runic alphabets in use throughout Northern Europe over the centuries, but the most common is the Germanic or Elder FUTHARK. This alphabet received its name from its first six letters -- F, U, TH, A, R, and K. It was the system most widely in use between 200 BC and the late eighth century. This alphabet contains 24 letters and is divided up into three groups of eight called Freya's Eight, Hagall's Eight, and Tir's Eight.

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The Futhark
A Germanic alphabet used since about 3CE. It is referred to as FUTHARK, after the first 6 letters. Each rune was a letter in the alphabet and also stood for a word (its name). The earliest use of runes was for magical purposes (this is debatable -- see R.I. Page's book listed in the sources below). There were many different Futharks. The one used here is the elder Germanic Futhark.
Fehu, F (Also known as FEOH) The rune of Freya and her brother Frey. It stands for fee and gold. It also means cattle and is the sign of the cow.. To the people of the North, cattle meant wealth, but wealth that must move to be effective, else it becomes a sore. They thought of true wealth as being a good reputation, yet fame too must be put to work to be of any worth. This rune indicates good fortune, material gain, and accomplishment of personal goals. Key word: Prosperity
Uruz, U (Also called UR)  This rune stands for strength and health. It is associated with a horned animal called the auroch. This was a fierce wild ox against which youths tested their courage and hunting skill. Its horns were much prized and it was eventually hunted to extinction. In modern times it has become the sign of the Ox. It represents raw primal strength both in terms of personal resolve and physical well being. Key word: Stamina
Thurisaz, TH (Also called Thorn)   The third rune is associated with giants (thurs), but  is more often associated with the God Thor and his famous Hammerand yet it is the sign of the Gate. It is a powerful penetrating force that can be used for attack or defense, for it represents both the force of will and the thorn that protects. It also represents a needed transition that may not always be easily accomplished--some gate are difficult to open while others are locked and require keys. Thus, this rune signifies the value of patient contemplation and study, as well as an awareness of personal problems that must be dealt with. Key word: Passage
Ansuz, A (Also called Os)   Ansuz is associated with the Aesir, Odin, and the wind. It represents communicating, outwardly with speech, and inwardly with sensitivity and inspiration. It is the sign of the Messenger and implies the need for keeping an open-minded attitude when wise counsel is encountered. Key word: Receptivity
Raido, R   This is the rune of journeying,  rides, transport, and travel. More subtly it means being in control. To be in control one needs order, and while this can mean acts of ritual, on a deeper level it means cosmic order.
Kenaz, K   Kenaz represents the torch. Illumination can also bring knowledge - to ken something - and knowledge about others is often most rewarding when about one's kin. Fidelity to one's spouse or to one's leader or king.
Gebo, G   Gebo stands for gift or giving. Unasked for gifts were a source of suspicion in olden days for a gift "demanded" a gift in return! Give and take is an exchange of forces. This exchange is an essential part of successful relationships (like marriage).
Wunjo, W   Wunjo is the rune of joy and peace. It also means wonder and as "wunsch" the act of wishing- not a vague act but one of willing into being. The Anglo-Saxon name for this - "wynn" - though not linked linguistically, can act as a reminder that true winning is not a haphazard act.
Hagalaz, H   This rune stands for hail. Hail is a destructive natural force, it is true. But it is one of Nature's essential checks and balances, clearing away dross and weak growth. As a result the world is stronger. And after the hail has melted, it helps sustain that which remains.
Nauthiz, N   Nauthiz stands for the strength of need. A time of need is often the spur that ends complacency. Without a time of need, perhaps we would not appreciate the times of plenty so well.
Isa, I   Isa is the rune associated with ice. Cold and still, yet indicating the poise and focus that can be achieved in meditation. Freezing of circumstances means maintaining the status quo, but it can mean stagnation. Defending by freezing the attack.
Jera, Y   The rune Jera stands for year. It also means harvest and the idea of growth through the cycle of the year's seasons. The harvest is the result of your work. Whether this reward is good or bad can depend on what you have sown and how you have tended it!
Eihwaz, EI   This rune is associated with the yew. Coming after Jera, it reminds us of the cycle of life and death. For the yew is intensely poisonous, and its wood can be used to make bows - bringers of death. Yet of all North European trees it lives the longest, so it also represents endurance and its branches the diversity of life.
Perth, P   Perth means fruit to some, but others see it as a dice-cup. To some it can mean fatalism or "luck", but it is really a positive evolutionary force. Think of Wyrd and the three Norns - Urš (What is), Veršandi (What is becoming), Skuld (What should be). If you do see this is a rune of luck, remember "fortune favors the brave".
Algiz, Z   Algiz is a rune of protection or defence. Also known as Elhaz, this rune shows the warding hand, or defensive horns or spines. This rune resembles a person standing with arms raised. Is this in defiance, in invocation, or in blessing?
Sowilo, S   Sowilo is the rune associated with the sun. The sun represents success and victory. It shines with a permanent and limitless light. It clears away the clouds of doubt to bring confidence and optimism.
Tiwaz, T   Tiwaz stands for the war god Tyr. This rune was carved on weapons to bring victory. The reason for this is Tiwaz stood for the Norse ideal of Justice. Justice is a state of balance. Vengeance is an act redressing the balance, and may actually foreshadow peace, for peace without justice cannot last.
Berkano, B   Berkano stands for the birch goddess and is used for fertility and birthing. It symbolizes the rebirth found at spring time (Ostara/Easter time) and at dawn every morning. It is a rune of awakening.
Ehwaz, E   This rune means horse. It symbolizes trust, such as that required between horse and rider or two people in close relationship. It is therefore a rune of partnership and commitment between two parties who want to "make things work.
Mannaz, M   Mannaz stands for man. It means all the frailties and all the potentials of being human. It represents contracts and oaths and hence is linked to the goddess Vįr.
Laguz, L   Laguz is the rune associated with water. Water cleanses and refreshes. It finds its own level, and it contains the teeming flow of life. It reflects the sky above it, and mirrors the calmness or ferocity of the wind that flows over it.
Ingwaz, NG   Ingwaz is the rune of the god Ing or Yngvi-Frey. It is an "earthy" rune representing sex and fertility, and the life contained in the seed.
Dagaz, D   Dagaz means day and the point of balance in the day-night cycle. Daylight certainly brings clarity, yet twilight illumines the mysteries of both the day-world of light and the night-world of darkness.
Othila, O   Othila is the rune associated with inheritance. Also known as Odila, it means inherited land. Odal land stayed in the family and was tilled for the benefit of that family. It represents that which is handed down. This includes our language, our mythology, and our rune lore, as well as physical possessions.
Sources
A couple of very good reference books about runes are Runes, an Introduction, by R.W.V.Elliot, and Reading the Past: Runes by R.I. Page, University of California Press, 1987.
For online reading, Jennifer Smith's Runic Journey http://www.tarahill.com/runes/index.html has general information on runes along with their use in divination. She also has a large collection of links to sites dealing with runes.