When asked what worries him the most at the moment, Rogers said the Federal Reserve in the United States.
"They don't have a clue about economics or currencies; they don't have a clue about much of anything, and they are dangerous people. They are not doing good things for the world. And they will probably stop QE2, they said it so many times they will, but when things start going wrong again in a few days, weeks or months, they are going to start printing money again and that's not good for the world. That's going to lead to more problems for all of us over the next decade. This is a serious problem facing us."
When asked how and when we plan to solve these problems, Rogers said the market could force us to face reality (David Stockman thinks the same thing).
"The only way it's going to be solved, unfortunately, if you look at history, is when a crisis or a semi-crisis arises. We were talking before about Greece, you know, if the market forces you to face reality, that is a crisis or a semi-crisis. Unfortunately, I don't see any politicians in the world with any influence who are being listened to and we are all just kicking the can down the road. We'll say don't worry it's all going to get better after the election. It's not going to be solved Rich until we have a big big big problem sometime in the next few years. Be prepared."