I'd rather invest in Russia than the US: Jim Rogers

Jim Rogers would rather invest in Russia than the US stock market.

"In 2013 and 2014 we're going to have economic problems," the noted investor told CNBC’s "Closing Bell" on Monday. "Either (politicians are) going to raise taxes or they’re going to bungle something." Related Links: How the Pros See Energy Stocks Still Going Higher: Mobius  Earnings Look Better So Far, but Market May Not Care He added, "Raising taxes has never made the economy grow." Jim Rogers is shorting US stocks, particularly technology. "Technology has been one of the few places that is very exploited," he said. He is short Microsoft calls and an ETF with Apple in it, he told CNBC. Rogers is looking at Russia instead. Having been negative on Russia his entire career, Rogers said, "I’m convinced things are changing in Russia for the first time." But he's still looking for a way to invest, it might be in the stock market it might be in the currency, he said. In September, Rogers joined Russian investment bank VTB as an advisor to their agricultural division. Rogers is also short India and isn't investing in China just yet. India is a "complete disaster," with high inflation and balance of trade problems, according to Rogers. He also only buys China when it collapses. "And it hasn’t collapsed yet," he said. © 2012 CNBC.com