- What is happening now is that there is no demand in any industry. All companies are only committed to cutting costs, but they have no income at all. The consequences are that unemployment is rising second by second, says Hessius in Thursday's News.
You say we risk a depression, what would that mean?
- It's mass unemployment, it's about 20 to 40 percent unemployment. This means that there are very few businesses to go to. There is a risk even of all this money being blown out that we are getting hyperinflation along with that we have no demand in the economy.
- You have to start going back and compare with Germany in the 20th century and the United States in the 30s. You have to understand the seriousness of this.
But many would probably feel that it is a very long way to make comparisons?
- We're not there. But if this continues, we risk getting there. You have to understand that you can't shut down the entire economy and expect it to come back.