Jim Rogers: They are Printing So Much Money That Stocks Will Go To 30,000

Jim Rogers, legendary investor and Chairman of Rogers Holdings, joins the hosts of CNBC's Power Lunch to discuss whether hyperinflation will occur in the stock market and if there is a global currency crisis ahead.

"They're printing so much money that I would not be short. I have no shorts. In most of my life, I've always had a short of 2, or 3, or 16... because I'm afraid they're printing so much money that stocks will go to 20,000 or 30,000. Of course it will be in worthless money, but it could happen," says Rogers. Not surprisingly, he recommends investing in commodities or "hard assets", rather than stocks. Rogers also expressed a preference for silver over gold.

As to whether foreign creditor nations will dare to dump U.S. Treasuries, Rogers responds, "... but they can [simply just] stop buying [U.S. Treasury securities], if nothing else. And I would suspect, that somewhere along the line, somebody, whether it is the South Koreans, or the Chinese, or the Russians, somebody's going to say 'I'm going to start selling mine before everybody else does.' And that's when you have a currency crisis."