If the image URL is say
http://www.freerepublic.com/pics/bushthanksgiving.jpg , then to display it in a post, with a link text of
A man of honour, type:
<img src="http://www.freerepublic.com/pics/bushthanksgiving.jpg"> A man of honour </a>
And to FairOpinion, if you want to display a less-than character without having to add a space, type the four characters
< in its place.