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Jim Rogers: 'We're All Going to pay a Terrible Price' for Central Bank Stimulus

• http://www.lewrockwell.com

It's a recipe for disaster, says many contrarian investors and Fed critics, including Jim Rogers, chairman of Rogers Holdings and author of "Hot Commodities."

Speaking in an interview with Reuters, Rogers warned that the astronomical amount of printing will lead to a lot of pain for everyone. He added that when the printing finally ceases then we will see the true results of the central banks' monetary policy: destruction.

"The central banks have been printing staggering amounts of artificial liquidity. It's going to come to an end. I don't know if it's coming to an end now. When it does end, we're all going to pay a terrible price," said Rogers.

Rogers went onto purport that the markets would eventually drop between 10 and 20 percent, leading the central banks to once again ramp up the printing press. This would allow the markets to experience a boost and produce another series of bubbles.

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