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Stephen Punwasi 🏚️📉🐈☃️ Profile picture
@StephenPunwasi
Apr 11, 2021 • 9 tweets • 3 min read • Read on X
Equity withdrawn from homes was around 2% of GDP in 2019.

Money laundering is estimated to be around 2-4% of GDP in Canada.

Either the Liberals used a housing crisis to pad GDP, or they didn't know, and aren't smart enough to be in office.

When does Adam Vaughan resign?
2./ Transparency International found. over the past decade, ~$35 billion in Greater Toronto property was bought with no idea who the corporate owners are due to a lack of public ownership data.

$25 billion was bought using cash from unregulated lenders without AML regulation.
3. Still, no action? Weird. International gangs made a casino too dangerous for a money laundering investigations? Weird.

I wonder how the federal government would respond to such allegations of corruption. Clearly they would do something!

globalnews.ca/news/7593419/b…
4. What's that? Oh, the Liberals actually ended up shutting down the RCMP financial unit in Ontario when told about the increasing amount of financial crimes in the country? How strange.

thestar.com/news/investiga…
5. The standing committee of finance heard from experts that luxury cars were being used to launder cash. Nothing.

A 2019 report showed a US$410 million money laundering scheme using luxury cars.

Still no Federal rules? Weird.

scmp.com/news/china/mon…
6. The BC government told the Fed about a money laundering scheme used by cartels, where they would enroll "students" who would pay their tuition with bags of cash, withdraw, and presto — clean money.

Did the Feds crack down on this? Nope. Only BC.

vancouversun.com/news/local-new…
7. This is always a fun one. The vast majority of cash from China is probably clean, but illicit capital moves where there's little scrutiny.

If China's capital controls are $50k, how do people make a down payment on a house? The answer is in this Big Five bank sign.
8. At this point, it's not negligence. The Fed has been warned many times over by every financial organization on the planet.

They ignored it because it prints really good economic indicators. What's the problem if money launders buy the homes, cars, and boost GDP? Well...
9. A money launderer's goal is to move as much cash, as fast as possible.

When they buy a house, they don't buy a house. They buy a low scrutiny capital token.

What happens when you buy the house next door? You use their token as a comp. More 👇

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More from @StephenPunwasi

Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Dec 3
🇨🇦: who wants a funny GDP story? 🙋‍♂️

When a quant sees an unexpected surge on a chart, they break it down—it’s often a modeling issue.

This is 🇨🇦’s GDP chart. I stared at it for ~8 hours & talked to StatCan. You’re gonna laugh…

<thread> 🧵👇
2/ What do we see? Imports contributed 0.7 points out of 0.6 points of Q3 GDP growth. The rest of the economy was a net drag.

Imports contribute to GDP as a part of net exports: exports minus imports.

Smaller imports boost net exports. Imports made the biggest drop since 2022.
3/ What we’re seeing is a phenomenon called import compression: the balance was boosted by falling imports.

It’s a superficial improvement due accounting mechanics. The only growth is actually weakness.

We figured it out. But wait—how do they get import/export data? 😬
Read 12 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Nov 20
🇨🇦’s real estate is about to spiral faster than most realize.

The red is the estimated level of investor-owned units. A lot don’t have the cash & hoped to flip it before completion.

It gets crazier. Let’s talk about blanket appraisals.

<thread> 🧵👇
2/ first off, when you buy a pre-construction home in 🇨🇦 you don’t own a home—you own an assignment. The right to a home on completion.

You aren’t qualified in anyway way. You make the deposits until you have 20% down at occupancy, and then you need to provide cash or financing.
3/ Lenders will do up to 80% LTV, so you need at least 20% equity on the property.

If prices rise, you have extra equity by completion. If they fall, you need to top it up.

Here’s the fun part: Prices dropped over 20% in TO since peak, wiping out the deposit.
Read 11 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Oct 23
Pst… while the normies are sleeping—let’s talk about serial killers.

Specifically, the 70s boom & bust. Most experts attribute the disappearance of serial killers to improved social conditions.

What if the only thing that disappeared is the data? This gets wild.

<thread> 🧵👇 Image
2/ first rule of data literacy: what are we looking at?

This chart shows 🇺🇸 data from the Radford/FGCU, which defines a serial killer as someone who murders 2 or more in separate instances.

That definition broadens the label—even reclassifying infamous murderers like Ed Gein.
3/ Experts often attribute the rise to:
- Mobility: New highways let killers flee; victims were farther from home & community

- Post-war trauma: Returning vets passed trauma to their kids

- Anonymity: As people moved further from home, they knew fewer neighbors
Read 16 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Oct 9
🇨🇦: Canada Post is losing money.

The left thinks that’s okay. The right thinks it now needs to be sold off.

The elites & their politicians? They don’t want you to realize that Canada Post’s losses were manufactured so they could loot a public asset.

<thread> 🧵👇
2/ InnovaPost was Canada Post’s in house IT provider, handling key infrastructure like email and its shipping platform.

Brilliant. This allows internal transfer for the lowest cost, since any profits are returned.

It was sold to Deloitte in 2024. Obvs they must be suckers.
3/ Canada Post built SCI, a third-party logistics company (3LP) w/ synergistic operations. It was one of 🇨🇦’s largest 3PLs, essential ecommerce infrastructure.

“SCI has been a strong performer for the Canada Post Group of Companies over the years,” Canada Post’s CEO in 2024.
Read 7 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Jul 3
Have you noticed smart people are suddenly irrational—ignoring facts & embracing narrative?

It’s not your imagination—it’s a biological phenomenon exploited by leaders & we’re all vulnerable to it.

Let’s talk about amygdala flooding & neurobiological hijacking.

<thread> 🧵👇
2/ Bonhoeffer, a Lutheran pastor executed for trying to kill Hitler, famously touched on this in his theory of stupidity.

Stumped by the normal people he knew suddenly becoming Nazis, he concluded they’re not evil—they’re stupid.

Stupidity is way worse than you think.
3/ to him , stupidity is surrendering one’s ability to think, making one incapable of self-reflection or moral judgment.

It’s not greed. People are so stressed they’re outsourcing thinking.

This is why facts have no impact—there’s no consideration.
Read 16 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Apr 23
🇨🇦’s wild these days.
- Money laundering capital of the world
- the global fentanyl “command & control center”
- home to transnational organized crime heads
- at least 1 in 7,800 residents are members of organized crimes.

How did this happen so fast?

<thread> 🧵👇
2/ first of all, most folks in 🇨🇦 don’t realize how bad things are yet, they’re just dealing with the consequences.

Soaring housing costs. Rising car thefts. Unaffordable housing, Overdoses in your hood. Violence in your streets.

All related.
3/ 🇨🇦’s home prices soared in the mid-2010s due to laundering.

Fentanyl proceeds were washed in casinos, then layered w/housing. It’s now called the Vancouver model.

Home prices surged since comps were skewed, & launderers WANT to pay more.

Dive into this later.
Read 11 tweets

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