Rogers: 'Catastrophe' Coming, Thanks to Central Banks

Aggressive easing programs by central banks around the world will create a financial catastrophe, says legendary investor Jim Rogers, chairman of Rogers Holdings.

"This is the first time in recorded history that we have every major central bank in the world printing money, so the world is floating on an artificial sea of liquidity," Rogers told CNBC.com.

"Well, the artificial sea is going to disappear someday. And when it does, the catastrophe will be even worse. Yes, it's coming."

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