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

Sep 6
Okay, ๐Ÿ‡จ๐Ÿ‡ฆ. 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>๐Ÿงต๐Ÿ‘‡
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.
Read 12 tweets
Aug 16
The kids are not alright.

By isolating children from socialization for months, countries like ๐Ÿ‡จ๐Ÿ‡ฆ may have inadvertently produced a generation of tiny psychopaths.

Let's talk about the research on early childhood development. We have no idea what's coming.

<thread> ๐Ÿงต๐Ÿ‘‡


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2/ Prosocial behavior is voluntary behavior we demonstrate towards others. Acts of kindness, compassion, etc.

It's why you help an elderly stranger with a heavy package. It's why you give money to the homeless.

It's the stuff we do that we can only explain as the "right" thing.
3/ It's the best part of humanity, and also observed in other species.

Dogs will defend other animals.

Chimpanzees share their food.

Rats become distress when they see another trapped, & will disregard known risk to try & save them.

There's a biological reason.
Read 16 tweets
Aug 7
High home prices will come down if more is built. Simple supply & demand, right?

Thatโ€™s one of the biggest lies ever repeated.

Letโ€™s talk about home prices, monetary policy, and how greasy f*cks tricked the normies into advocating for their own exploitation.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ first, letโ€™s 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, theyโ€™ll 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.
Read 18 tweets
Jul 31
๐Ÿ‡จ๐Ÿ‡ฆโ€™s rolling out 30-year mortgages to โ€œhelpโ€ first-time buyers get a home.

This is actually a form of liquidity injection called capital cushioning.

Itโ€™s not about affordability. A similar plan was used by the ๐Ÿ‡บ๐Ÿ‡ธ during the financial crisis. Is this a crisis? ๐Ÿค”

<thread> ๐Ÿงต๐Ÿ‘‡
2/ first off, letโ€™s fix what youโ€™ve been told about the ๐Ÿ‡บ๐Ÿ‡ธ 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 youโ€™re 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.

More on that if youโ€™re bored later.
Read 12 tweets
Jul 30
๐Ÿ‡จ๐Ÿ‡ฆโ€™s financial system may be just weeks away from a crisis.

Itโ€™s probably more lucrative to not explain this to you normies, but f*ck itโ€”no oneโ€™s going to change the trajectory.

Letโ€™s talk about ๐Ÿ‡จ๐Ÿ‡ฆโ€™s upcoming credit crunch. But first, a primer on credit.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ some people assume the central bank just picks an interest rate. Nope, credit is based on supply & demand.

When supply exceeds demand, costs falls. If everyone wants to lend you money, you donโ€™t pay a lot. Thatโ€™s why Zuckโ€™s mortgage is only 1%.

The opposite is also true.
3/ if you need more money than the market wants to lend you, the cost rises higher. Think of payday loans.

When the Global Financial Crisis hit, everyone wanted to lend stable democracies money. This led to the era of low ratesโ€”cheap loans for all!
Read 23 tweets
Jul 19
Fun fact: ๐Ÿ‡จ๐Ÿ‡ฆ issues student visas to anyone with a few bucks.

Hereโ€™s a quick thread on the hundreds of criminals that organized crime groups set up in ๐Ÿ‡จ๐Ÿ‡ฆ using student visas.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ ๐Ÿ‡บ๐Ÿ‡ธโ€™s DEA claims El Chapo made $3m/day in ๐Ÿ‡จ๐Ÿ‡ฆ prior to his arrest, and they were surprised by how โ€œdeep infiltrationโ€ was.

His point man in ๐Ÿ‡จ๐Ÿ‡ฆ? Jesus Herrera Esperanza, aka Hondoโ€”a โ€œstudentโ€ in ๐Ÿ‡จ๐Ÿ‡ฆ. No one knows where Hondo is these days. Image
3/ One of the worldโ€™s most powerful gangsters is former TO resident Lawrence Bishnoiโ€”a 31 y/o that runs a global assassin & extortion networkโ€ฆ from prison for the past 10 years.

His empire is allegedly run by his #2โ€”Satinderjeet Singh, aka Goldy Brar. I wonder what he studied. Image
Read 9 tweets

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