Great, I was about to go to bed, but now I have to translate that...
Discussion

I'm giving up, my reference material doesn't help with the runes themselves, and I'm more familiar with the Elder Futharc.

It's actually just the Norwegian Rune Poem but written in Eldar Futhark characters for flavor.
ᚠ Fé vældr frænda róge;
føðesk ulfr í skóge.
ᚢ Úr er af illu jarne;
opt løypr ræinn á hjarne.
ᚦ Þurs vældr kvinna kvillu;
kátr værðr fár af illu.
ᚬ Óss er flæstra færða
fǫr; en skalpr er sværða.
ᚱ Ræið kveða rossom væsta;
Reginn sló sværðet bæzta.
ᚴ Kaun er barna bǫlvan;
bǫl gørver nán fǫlvan.
ᚼ Hagall er kaldastr korna;
Kristr skóp hæimenn forna.
ᚾ Nauðr gerer næppa koste;
nøktan kælr í froste.
ᛁ Ís kǫllum brú bræiða;
blindan þarf at læiða.
ᛅ Ár er gumna góðe;
get ek at ǫrr var Fróðe.
ᛋ Sól er landa ljóme;
lúti ek helgum dóme.
ᛏ Týr er æinendr ása;
opt værðr smiðr blása.
ᛒ Bjarkan er laufgrønstr líma;
Loki bar flærða tíma.
ᛘ Maðr er moldar auki;
mikil er græip á hauki.
ᛚ Lǫgr er, fællr ór fjalle
foss; en gull ero nosser.
ᛦ Ýr er vetrgrønstr viða;
vænt er, er brennr, at sviða.
And English:
ᚠ Fe
Wealth is a source of discord among kinsmen;
the wolf lives in the forest.
ᚢ Ur
Dross comes from bad iron;
the reindeer often races over the frozen snow.
ᚦ Thurs
Giant causes anguish to women;
misfortune makes few men cheerful.
ᚬ As
Estuary is the way of most journeys;
but a scabbard is of swords.
ᚱ Reidh
Riding is said to be the worst thing for horses;
Reginn forged the finest sword.
ᚴ Kaun
Ulcer is fatal to children;
death makes a corpse pale.
ᚼ Hagall
Hail is the coldest of grain;
Christ created the world of old.
ᚾ Naudhr
Constraint gives scant choice;
a naked man is chilled by the frost.
ᛁ Isa
Ice we call the broad bridge;
the blind man must be led.
ᛅ Ar
Plenty is a boon to men;
I say that Frodi was generous.
ᛋ Sol
Sun is the light of the world;
I bow to the divine decree.
ᛏ Tyr
Tyr is a one-handed god;
often has the smith to blow.
ᛒ Bjarkan
Birch has the greenest leaves of any shrub;
Loki was fortunate in his deceit.
ᛘ Madhr
Man is an augmentation of the dust;
great is the claw of the hawk.
ᛚ Logr
A waterfall is a River which falls from a mountain-side;
but ornaments are of gold.
ᛦ Yr
Yew is the greenest of trees in winter;
it is wont to crackle when it burns.