Subject: Re: How Europe wrecked itself
I know of another country that is currently in the process of "wrecking itself"...

Individual bankruptcy filings in the U.S. have jumped 15% in the first 9 months of 2025.
"The sharp rise in individual bankruptcy filings compared to 2024 highlights the mounting financial pressure on households across the country."
"We expect this upward trend to continue, with a strong likelihood of accelerating into 2026."

"70% of Americans believe the economy is headed in the wrong direction, according to a new Fannie Mae survey."

"We've just witnessed: The Most October layoffs since 2003, Most Q4 layoffs since 2008, Most YTD layoffs since 2020, Least YTD hiring since 2011, Least holiday seasonal hiring since 2012."

"Wealth inequality in America is currently at historically high levels, the top 10% of U.S. families now control nearly 70% of total national wealth,
while the bottom half own just 3%."

And The National Debt Is Up A Staggering $1 Trillion in just two months!

But there is one family that has a spring in its step...

"Since he kicked off his campaign, Trump’s empire has landed billions of dollars of deals at home and abroad."
"No modern American president has positioned his family to make so much money while in the White House.
Already, since the early days of his reelection campaign, he’s more than doubled his net worth to about $5.4 billion."
"Family members have also scored an array of corporate positions — at least seven new roles as a corporate adviser or executive for his oldest son, Donald Trump Jr., alone."

https://www.bloomberg.com/feat...

https://www.axios.com/2025/11/...