Uthark theory
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The Uthark hypothesis was suggested in the 1930s by philologist Sigurd Agrell (1881-1937) [1], a Swedish professor at Lund University.
He theorised that the rune row was indeed a cipher, and that it is possible to fully understand its real meaning if one places the first rune, "F", last, resulting in an ”Uthark” instead of the historical Futhark order.
The suggestion was not accepted in runic studies, and has found a proponent in occultism and popular culture in Therion lyricist Thomas Karlsson of Dragon Rouge.