Rogers: "More banks should have failed"

As the world looks back on the tumultuous events of a year a go, Jim Rogers makes some good points about the lasting impact of the Lehman Brothers failure.

There's more from CNBC here. Rogers: "How can the solution for debt and consumption be more debt and more consumption? How can that be the solution to our problems?"

Good question. He's also quite certain that we're going to have a currency crisis of some sort.