Jim Rogers: Another Recession to Hit by 2012

By: Frank McGuire

Jim Rogers, chairman of Rogers Holdings, thinks another recession will hit around 2012 but central banks will not be able to throw cash at it anymore.

"We do have inflation in the world … most central banks should resign," Rogers told CNBC.

There has always been a recession every four to six years in the United States "since the beginning of time," and that would mean another one is due around 2012, according to Rogers, a hedge fund pioneer who started the Quantum Fund with George Soros in 1970.

"When the next one comes the world is going to be in worse shape because the world has shot all its bullets," he said.

"Is Mr. (Federal Reserve Chairman Ben) Bernanke going to print more money than he already has? No, the world would run out of trees," Rogers added. (more)