What are the big risks in 2012?  Bill Bonner can think of several.

Most don't seem to understand what capitalism is, let alone what is wrong with it.

The stock market indices had an up-day today. The session started out with a big pop to the upside on strong pre-market futures.

What we know for sure is that the US is going broke. There is hardly any other plausible outcome.

2012 will the year that the consequences of the choices made by nations of the so-called developed world will begin to truly manifest themselves in the economic realm. We are in the closing chapters of the current Debt Supercycle.

Treat trading like a business rather than as an affirmation of your self worth.

Bill Bonner comments on 10 themes for 2012.

The young have no jobs. The old have no savings. The middle class is becoming more and more desperate.

The private sector debt bubble blew up in 2008. The public sector debt bubble will blow up too.

Gold will eventually shock everyone by rising far above $1,900.