Brilliant investors like George Soros are pessimistic even after trillion dollars bailout from U.S. government. George Soros said yesterday that the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

“We witnessed the collapse of the financial system,” Soros said at a conference in Columbia University. “It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”

“I don’t remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world,” Paul Volcker, former Federal Reserve Chairman, said in the same conference. Quotes like these, from the people like Soros and Volcker, can make anyone nervous.