Expect more financial pain in 2012, says Jim Rogers
23 December 2011 Last updated at 04:19 GMT
Investor and author Jim Rogers tells the BBC that the sovereign debt crisis will only get worse.
Policymakers are trying to delay the inevitable, says the Singapore-based chairman of Rogers Holdings. But countries and individuals will have to pay for their bad decisions.
There is going to be "a lot of unhappiness", he predicts.