There are 40 elections in 2012

Jim Rogers : Well, we have several elections. There are 40 elections in 2012 — America, France, Korea, Taiwan — lots of places, countries in Africa. So you are going to see a lot of government spending as governments try to buy elections. A lot of people are going to have a very good 2012 because government is going to pour money into their pockets and their friends and they are going to have a good time. The overall situation, however, in the world is getting worst. This means higher debt. So when 2013 comes, we better be careful. - in ET Now