Investor Jim Rogers warns about impact of 'artificial sea of liquidity'

As the US Central Bank cuts back on the emergency money it has been pumping into the economy, the influential investor Jim Rogers has warned about the impact of "an artificial sea of liquidity".

He said: "This is the first time that all the central banks are printing staggering amounts of money at the same time. This is going to be a disaster in the end."

He expressed concerns despite US stock markets looking likely to end 2013 on a high and signs of recovery in the eurozone.

Sharanjit Leyl asked Mr Rogers what effect the "tapering" would have on the US economy.