46% of Canadian households approaching insolvency, plus scientists reverse aging in humans.
Canadians Are Going Broke
October 19 (King World News) – Gerald Celente: Forty-six percent of Canadian households report approaching “insolvency,” defined as no more than $200 away from being unable to meet their routine basic financial obligations, according to the quarterly Consumer Debt Index compiled by MNP, a Canadian bankruptcy and insolvency counseling firm.
The figure has fallen from 52 percent in the previous survey.
However, inflation means that Canadians now have an average of $37 less purchasing power each month than they did at the end of June, the survey found.
“Canadians are putting more of their paychecks toward paying for basic necessities as the cost of living rises, which, in turn, is leaving less of a financial buffer to manage the impacts of current and potential interest rate hikes,” MNP president Grant Bazien said in a statement announcing the survey results.
The Bank of Canada has boosted its key interest rate by three full percentage points since March, lifting it from 0.25 percent to 3.25 now, a 13-fold increase in seven months.
Fifty-two percent of survey respondents said it was becoming harder to afford to feed their families, five percentage points higher than in December. Forty-five percent are having a harder time meeting the costs of transportation, nine points more than 10 months ago, and 45 percent report being less able to afford new clothes, an increase of five percentage points.
Forty-nine percent are less able to save money, compared to 44 percent last December.
Although Canada’s inflation rate eased to 7 percent in August, grocery prices rose 10.8 percent for the month, the sharpest increase in 41 years.
Among Canadians earning less than $40,000 annually, 44 percent said higher interest rates are pushing them toward bankruptcy. Twenty-nine percent of Canadians earning $100,000 or more see a greater likelihood of personal bankruptcy, MNP’s poll found.
Sixty percent of Canadians have set stricter rules for their spending and have cut spending overall, according to a recent Yahoo/Maru Public Opinion poll.
TREND FORECAST:
The worst is yet to come. As interest rates rise, the nation’s people will fall deeper into debt, spending less as the economy goes down. Also curtailing spending, Canadian economist David Rosenberg estimates there will be a protracted housing slump: “It’s not going to be 10% or 15%,” he said Tuesday on BNN Bloomberg Television. “More like 30% down.”…
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A FIRST: SCIENTISTS REVERSE BENCHMARK SYMPTOMS OF AGING IN HUMANS
Two things happen to each of us as we age.
First, the telomeres—the “end caps” on our DNA strands that protect our chromosomes—shorten.
Second, our bodies build up a growing number of senescent cells—elderly cells that malfunction and secrete noxious compounds that cause inflammation (a root cause of many illnesses) and make it harder for other cells to reproduce.
Both contribute to the overall deterioration associated with old age.
Now scientists at Tel Aviv University and Shamir Medical Center, for the first time, have not just slowed the advance of those two conditions but actually reversed them.
In an experiment, 63 healthy older adults underwent 60 sessions of hyperbaric oxygen therapy (HBOT) over three months.
In HBOT, a person is enclosed in a chamber flooded with 100-percent oxygen at higher-than-normal atmospheric pressure. The amount of oxygen in the blood increases significantly and the pressure pushes the oxygen molecules quickly into the body, where it’s absorbed by body fluids, organs, and tissues.
At the end of the 90-day experiment, people who received HBOT increased their telomere length by more than 20 percent; the number of senescent cells decreased by an average of 37 percent.
TRENDPOST:
This is the first experiment to show in a clinical setting that aging is indeed a reversible condition.
However, few of us can afford to buy our own HBOT chambers, which usually cost from $10,000 up, or take a daily treatment at a cost of $300 or more.
The results of the trial will spur researchers to develop affordable ways to make oxygen treatments available to more people.
Until then, most of us will have to be content with less elaborate options that have been shown to slow the aging process: eating fewer calories, drinking beetroot juice, engaging in endurance exercises such as swimming and cycling, and taking Coenzyme Q10 supplements.
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