Speaking in an interview with Barron's magazine this week, Rogers stated that he doesn't see too many investment opportunities and that mounting debt and central bank's obsession with easy money will create a weak environment.

Rogers did say, however, that stock indexes worldwide may seen temporary gains because central banks are hitting the panic button and keeping short-term interest rates artificially low. Unfortunately, for everyone else, it will end badly, says Rogers.

"The next time around, we are going to have a very serious problem, I'm afraid. So basically what I'm saying is that I'm not racing around looking for markets," Rogers told the business publication. "Right now as I look at the world, I'm not terribly optimistic. The American stock market has been in a bull market now 6½ years. In America we've had economic setbacks every 4 to 7 years since the beginning of the Republic and chances are we're certainly getting closer to being due for some kind of correction, bear market even."