My blood's boiling & you're about to feel the same way.
It's ๐จ๐ฆ's international students. Not them, but the diabolical, complex, & unimaginal scheme to fuel ๐จ๐ฆ's growth.
Here's how ๐จ๐ฆ manufactured an exploitation machine & sold it as social good.
<thread> ๐งต๐
2/ ๐จ๐ฆ 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/ ๐จ๐ฆ'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 ๐จ๐ฆ.
In 2018, Canadian-China tensions rose & ๐จ๐ฆ lost its appeal in China.
4/ ๐จ๐ฆ, addicted to the cash, cooked up a $148m plan to replace those students with new onesโprimarily 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 ๐จ๐ฆ 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 liesโthey'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 ๐จ๐ฆ? So lucky, what are the oddsโฝ
9/ So the kids get to ๐จ๐ฆ & 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 registeredโyou can start vouching for visas, there's no limit. ๐จ๐ฆ 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. ๐จ๐ฆ will help, right? In 2022, it lifted the restriction of 20 hours of on-campus work, to "help" ๐จ๐ฆ 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, ๐จ๐ฆ 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 ๐จ๐ฆ? Nope, it actively rejected it. Once again, because this is a part of its strategy. </thread>
ps Iโm still enjoying retirement, but Iโll return and plan to respond to your everyoneโs thoughtful DMs.
As for those that emailed me, uhโฆ maybe not? ๐ฌ
If itโs important, get a cat. I always respond to cat photos.
โฆ or try texting. I can probably get to text inbox zero by 2am-ish. ๐
Should also mention that when ๐จ๐ฆ says they want international students as a diplomatic tool, itโs because the families will have a favorable view of a country their kids study.
Important to protect ๐จ๐ฆโs public pension assets in India, where theyโre scooping up real estate. ๐ซ
A few replies forgot the first threadโyou will also be angry.
Most Canadians don't want this stuff. It's like the laundering issueโthe gov is ignoring it because it improves performance indicators. We want a strong economy, but not this way.
โข โข โข
Missing some Tweet in this thread? You can try to
force a refresh
Okay, ๐จ๐ฆ. 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>๐งต๐
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?
Thatโs one of the biggest lies ever repeated.
Letโs talk about home prices, monetary policy, and how greasy f*cks tricked the normies into advocating for their own exploitation.
<thread> ๐งต๐
2/ first, letโs 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, theyโll 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.
๐จ๐ฆโs rolling out 30-year mortgages to โhelpโ first-time buyers get a home.
This is actually a form of liquidity injection called capital cushioning.
Itโs not about affordability. A similar plan was used by the ๐บ๐ธ during the financial crisis. Is this a crisis? ๐ค
<thread> ๐งต๐
2/ first off, letโs fix what youโve been told about the ๐บ๐ธ 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 youโre 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.
Fun fact: ๐จ๐ฆ issues student visas to anyone with a few bucks.
Hereโs a quick thread on the hundreds of criminals that organized crime groups set up in ๐จ๐ฆ using student visas.
<thread> ๐งต๐
2/ ๐บ๐ธโs DEA claims El Chapo made $3m/day in ๐จ๐ฆ prior to his arrest, and they were surprised by how โdeep infiltrationโ was.
His point man in ๐จ๐ฆ? Jesus Herrera Esperanza, aka Hondoโa โstudentโ in ๐จ๐ฆ. No one knows where Hondo is these days.
3/ One of the worldโs most powerful gangsters is former TO resident Lawrence Bishnoiโa 31 y/o that runs a global assassin & extortion networkโฆ from prison for the past 10 years.
His empire is allegedly run by his #2โSatinderjeet Singh, aka Goldy Brar. I wonder what he studied.