My blood's boiling & you're about to feel the same way.
It's π¨π¦'s international students. Not them, but the diabolical, complex, & unimaginal scheme to fuel π¨π¦'s growth.
Here's how π¨π¦ manufactured an exploitation machine & sold it as social good.
<thread> π§΅π
2/ π¨π¦ has always embraced international students, & the money they bring. They pay A LOT.
Domestic tuition at UBC or U of T is ~$7k, but ~$60k for those on a study permit.
Naturally, this skews the crowd towards a well-heeled demographic. That changed in 2019.
3/ π¨π¦'s largest source of international students was China, with the 2nd highest concentration of millionaires.
Many of the students were from these households, reinforcing that perspective in π¨π¦.
In 2018, Canadian-China tensions rose & π¨π¦ lost its appeal in China.
4/ π¨π¦, addicted to the cash, cooked up a $148m plan to replace those students with new onesβprimarily in developing countries.
Permits to students from India spiked fast... strangely fast. Who are these students? Get a spoon to bite, because this is where it gets f*cked.
5/ India is a FAST growing country, forecast to have the world's largest middle class soon. It has wealthy families, but they aren't moving here.
An Indian university study found most students looking to study in π¨π¦ are from low-income farming regions & know little about it.
6/ What they "know" is what the recruiter told them: It's filled with opportunity, automatic PR, guaranteed gov jobs, etc.
Sometimes, the recruiters "get them in" to prestigious schools they could never actually get into. All liesβthey'll say anything for the commission.
7/ Recruiters tell these families their kid is brilliant & just in the wrong country. Find a way to pay their education, & all of the parents' hard work pays off.
Bet the farm, like good parents do. So they round up their savings (& sometimes relatives). They take out loans.
8/ Heck, some literally bet the farm.
Oh, some recruiters know people that specialize in high interest loans secured by your farm? Super convenient.
Oh, they have a secure stream of capital, a lot of it from investors in π¨π¦? So lucky, what are the oddsβ½
9/ So the kids get to π¨π¦ & don't arrive at UBC or U of T, but a private career college in a strip mall. Sometimes not even the school they applied to.
Some schools popped up almost overnight, others don't have classes some semesters, & some have no domestic students.
10/ Some are run by swell folks who are strangely close with alleged organized crime groups. Opportunity is everywhere!
Anyway, once you're registeredβyou can start vouching for visas, there's no limit. π¨π¦ wanted this, after all.
11/ So they:
- spent $50k to go to a diploma mill;
- don't speak english, because of testing fraud;
- have no money;
- often rent mattresses, taking 8/hr shifts w/other students;
- if this doesn't work, their parents lose everything
A TO funeral home sends 5 dead back per month.
12/ Don't worry. π¨π¦ will help, right? In 2022, it lifted the restriction of 20 hours of on-campus work, to "help" π¨π¦ solve its low-wage labor crisis.
Those viral videos of hundreds of people waiting in line for a low-wage job interview? Those are mostly international students.
13/ To reiterate, π¨π¦ scoured the world for poor families. Promised opportunity if they risked everything. It turns out there was no opportunity, so now they're stuck paying off debt while most of their income is consumed by shelter costs.
It sounds familiar, but why evades me
14/ but here's the kicker. Other countries where this scam was brewing signed an inter-country agreement to refuse unethical student visa brokering.
Did π¨π¦? Nope, it actively rejected it. Once again, because this is a part of its strategy. </thread>
ps Iβm still enjoying retirement, but Iβll return and plan to respond to your everyoneβs thoughtful DMs.
As for those that emailed me, uhβ¦ maybe not? π¬
If itβs important, get a cat. I always respond to cat photos.
β¦ or try texting. I can probably get to text inbox zero by 2am-ish. π
Should also mention that when π¨π¦ says they want international students as a diplomatic tool, itβs because the families will have a favorable view of a country their kids study.
Important to protect π¨π¦βs public pension assets in India, where theyβre scooping up real estate. π«
A few replies forgot the first threadβyou will also be angry.
Most Canadians don't want this stuff. It's like the laundering issueβthe gov is ignoring it because it improves performance indicators. We want a strong economy, but not this way.
β’ β’ β’
Missing some Tweet in this thread? You can try to
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π¨π¦ is falsely framing a prominent journalist as an asset of Russia.
It's a malicious lie to discredit @davidpugliese, who has a 42-year track record of exposing embarrassing gov lies.
A short list of the work π¨π¦ is trying to hide.
<thread> π§΅π
2/ π¨π¦'s military used the pandemic to test its propaganda techniques.
In 2021, David exposed the military conducted an "info" sharing exercise against the public without any official authorization or request from the Fed gov.
ps if youβre about to give me the βGov knows more than youβ lecture, youβre new here. Welcome!
First, ponder why a former RCMP director was perplexed how we figured out the money laundering players before intel, why it wasnβt isolated, & who regulators ask to find stolen shit.
Okay, π¨π¦. I need you to look past the left vs right BS for a sec. You don't understand how hard you're being screwed.
In a few tweets, you'll understand gov finance better than most politicians. You'll also see how f*cked up Ontario's corner store liquor deal is.
<thread>π§΅π
2/ Rushing the deal means taxpayers will shoulder an initial bill of $1b.
If paid in cash, that tax revenue is equivalent to 111k families working for a year. Imagine the whole city of Windsor going to work for a year. All to pay that bill.
But ON is broke, it has little cash.
3/ When ON spends excess money, it has to run a deficit. It'll try to get the federal gov to pay some (read:taxpayers everywhere), and borrow the rest.
But let's say ON will borrow the whole amount. Last bond was 3.8% interest, so add another 51k families to cover interest.
High home prices will come down if more is built. Simple supply & demand, right?
Thatβs one of the biggest lies ever repeated.
Letβs talk about home prices, monetary policy, and how greasy f*cks tricked the normies into advocating for their own exploitation.
<thread> π§΅π
2/ first, letβs clarify something about monetary policy. The central bank exists to control the decay of money, aka inflation.
The key policy rate is their primary tool, influencing other lending rates. If inflation is below target, theyβll lower rates to stimulate borrowing.
3/ bluntly put, credit (aka debt) is a purchase made today with future income. Future economic activity is borrowed to stimulate the current activity.
Future buyers get pulled forward to compete with current ones. The goal is to intentionally overrun supply for inflation.
π¨π¦βs rolling out 30-year mortgages to βhelpβ first-time buyers get a home.
This is actually a form of liquidity injection called capital cushioning.
Itβs not about affordability. A similar plan was used by the πΊπΈ during the financial crisis. Is this a crisis? π€
<thread> π§΅π
2/ first off, letβs fix what youβve been told about the πΊπΈ housing bubble.
a common myth is poor people with subprime credit f*cked up. In reality, poor people have nowhere else to go so they paid their bills through negative equity.
When youβre poor, everyday is a recession.
3/ the real foreclosure surge was actually high credit quality investors that went to subprime lenders for more leverage.
When shit hit the fan, they just walked away. It was investors that were really the problem.