My blood's boiling & you're about to feel the same way.

It's ๐Ÿ‡จ๐Ÿ‡ฆ's international students. Not them, but the diabolical, complex, & unimaginal scheme to fuel ๐Ÿ‡จ๐Ÿ‡ฆ's growth.

Here's how ๐Ÿ‡จ๐Ÿ‡ฆ manufactured an exploitation machine & sold it as social good.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ ๐Ÿ‡จ๐Ÿ‡ฆ 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/ ๐Ÿ‡จ๐Ÿ‡ฆ'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 ๐Ÿ‡จ๐Ÿ‡ฆ.

In 2018, Canadian-China tensions rose & ๐Ÿ‡จ๐Ÿ‡ฆ lost its appeal in China.
4/ ๐Ÿ‡จ๐Ÿ‡ฆ, addicted to the cash, cooked up a $148m plan to replace those students with new onesโ€”primarily 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. Image
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 ๐Ÿ‡จ๐Ÿ‡ฆ 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 liesโ€”they'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 ๐Ÿ‡จ๐Ÿ‡ฆ? So lucky, what are the oddsโ€ฝ
9/ So the kids get to ๐Ÿ‡จ๐Ÿ‡ฆ & 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 registeredโ€”you can start vouching for visas, there's no limit. ๐Ÿ‡จ๐Ÿ‡ฆ 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. ๐Ÿ‡จ๐Ÿ‡ฆ will help, right? In 2022, it lifted the restriction of 20 hours of on-campus work, to "help" ๐Ÿ‡จ๐Ÿ‡ฆ 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, ๐Ÿ‡จ๐Ÿ‡ฆ 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 ๐Ÿ‡จ๐Ÿ‡ฆ? Nope, it actively rejected it. Once again, because this is a part of its strategy. </thread>
ps Iโ€™m still enjoying retirement, but Iโ€™ll return and plan to respond to your everyoneโ€™s thoughtful DMs.

As for those that emailed me, uhโ€ฆ maybe not? ๐Ÿ˜ฌ Image
If itโ€™s important, get a cat. I always respond to cat photos.

โ€ฆ or try texting. I can probably get to text inbox zero by 2am-ish. ๐Ÿ˜… Image
Should also mention that when ๐Ÿ‡จ๐Ÿ‡ฆ says they want international students as a diplomatic tool, itโ€™s because the families will have a favorable view of a country their kids study.

Important to protect ๐Ÿ‡จ๐Ÿ‡ฆโ€™s public pension assets in India, where theyโ€™re scooping up real estate. ๐Ÿซ 
A few replies forgot the first threadโ€”you will also be angry.

Most Canadians don't want this stuff. It's like the laundering issueโ€”the gov is ignoring it because it improves performance indicators. We want a strong economy, but not this way.

โ€ข โ€ข โ€ข

Missing some Tweet in this thread? You can try to force a refresh
ใ€€

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More from @StephenPunwasi

Jun 27
Protected B is ๐Ÿ‡จ๐Ÿ‡ฆโ€™s security level for documents that cause โ€œserious harmโ€ to gov if made public.

Interesting level for a regulator explaining inflated appraisals & weak home sales to banks, eh?

๐Ÿ‡จ๐Ÿ‡ฆโ€™s not bailing out a few developers. Itโ€™s bailing out the whole system. ๐Ÿงต๐Ÿ‘‡ Image
2/ the doc above references blanket appraisals, which is when a building is given a value, instead of appraising each unit.

Itโ€™s a legitimate method, often used for insurance of a project under development.

They exist for a reason. Letโ€™s put a pin in this.
3/ first, itโ€™s important to understand a new condo buyer isnโ€™t qualified in ๐Ÿ‡จ๐Ÿ‡ฆ.

Show up, make deposits. Thatโ€™s it until the condo completes and transfers. Then the buyer gets a mortgages.

New homes are eligible for 80% loan to value. Buyers still need 20% equity though.
Read 15 tweets
Apr 29
๐Ÿ‡จ๐Ÿ‡ฆ: something extremely f*cked up is happening with federal worker pensions, and taxpayers will be on the hook.

Since the supervillains in charge wonโ€™t explain it, I guess I will.

Hereโ€™s how ๐Ÿ‡จ๐Ÿ‡ฆ is looting ~$3B from gov workers pensions & dumping the risk on you.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ The Public Service Pension Plan (PSPP) is the pension plan for federal workers.

An โ€œearly actuarial reviewโ€ found it had a surplus of $3.4B, about 1% of net assets under management.

Rather than keeping it as a buffer, the gov is using $2.5B to pay for its โ€œearly retirement incentive.โ€
3/ Sounds logical, right? Buying out workers with pension money...

Except itโ€™s not the money of the people getting a buyout. Theyโ€™re using the pension of all workers to execute a fiscal plan.

What about the other $0.9B? Yoink! In the general coffers. Oh, it gets crazier...
Read 10 tweets
Dec 3, 2025
๐Ÿ‡จ๐Ÿ‡ฆ: who wants a funny GDP story? ๐Ÿ™‹โ€โ™‚๏ธ

When a quant sees an unexpected surge on a chart, they break it downโ€”itโ€™s often a modeling issue.

This is ๐Ÿ‡จ๐Ÿ‡ฆโ€™s GDP chart. I stared at it for ~8 hours & talked to StatCan. Youโ€™re gonna laughโ€ฆ

<thread> ๐Ÿงต๐Ÿ‘‡
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 weโ€™re seeing is a phenomenon called import compression: the balance was boosted by falling imports.

Itโ€™s a superficial improvement due accounting mechanics. The only growth is actually weakness.

We figured it out. But waitโ€”how do they get import/export data? ๐Ÿ˜ฌ
Read 12 tweets
Nov 20, 2025
๐Ÿ‡จ๐Ÿ‡ฆโ€™s real estate is about to spiral faster than most realize.

The red is the estimated level of investor-owned units. A lot donโ€™t have the cash & hoped to flip it before completion.

It gets crazier. Letโ€™s talk about blanket appraisals.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ first off, when you buy a pre-construction home in ๐Ÿ‡จ๐Ÿ‡ฆ you donโ€™t own a homeโ€”you own an assignment. The right to a home on completion.

You arenโ€™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.

Hereโ€™s the fun part: Prices dropped over 20% in TO since peak, wiping out the deposit.
Read 11 tweets
Oct 23, 2025
Pstโ€ฆ while the normies are sleepingโ€”letโ€™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> ๐Ÿงต๐Ÿ‘‡ Image
2/ first rule of data literacy: what are we looking at?

This chart shows ๐Ÿ‡บ๐Ÿ‡ธ data from the Radford/FGCU, which defines a serial killer as someone who murders 2 or more in separate instances.

That definition broadens the labelโ€”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
Oct 9, 2025
๐Ÿ‡จ๐Ÿ‡ฆ: Canada Post is losing money.

The left thinks thatโ€™s okay. The right thinks it now needs to be sold off.

The elites & their politicians? They donโ€™t want you to realize that Canada Postโ€™s losses were manufactured so they could loot a public asset.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ InnovaPost was Canada Postโ€™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 ๐Ÿ‡จ๐Ÿ‡ฆโ€™s largest 3PLs, essential ecommerce infrastructure.

โ€œSCI has been a strong performer for the Canada Post Group of Companies over the years,โ€ Canada Postโ€™s CEO in 2024.
Read 7 tweets

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