Fun fact: 🇨🇦 issues student visas to anyone with a few bucks.
Here’s a quick thread on the hundreds of criminals that organized crime groups set up in 🇨🇦 using student visas.
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2/ 🇺🇸’s DEA claims El Chapo made $3m/day in 🇨🇦 prior to his arrest, and they were surprised by how “deep infiltration” was.
His point man in 🇨🇦? Jesus Herrera Esperanza, aka Hondo—a “student” in 🇨🇦. No one knows where Hondo is these days.
3/ One of the world’s most powerful gangsters is former TO resident Lawrence Bishnoi—a 31 y/o that runs a global assassin & extortion network… from prison for the past 10 years.
His empire is allegedly run by his #2—Satinderjeet Singh, aka Goldy Brar. I wonder what he studied.
4/ speaking of Goldy Brar, two of his alleged associates arrived on student visas. They’re accused of participating in the murder that caused a diplomatic row with India.
One got a visa faster than someone in 🇨🇦 can get a license.
5/ it’s not a secret. 🇨🇦’s border agency audited 300 students & found 10 were organized crime.
Considering the CBSA fails to identify notorious mobsters & war criminals, these 10 must have wrote “gang stuff” under purpose of visit to be identified.
6/ You know how 🇨🇦 is considering pulling back on student visas because of the pressure on housing?
LOL. Nope! It’s because the CBSA testified that they realized back in 2018 that gangs were using student visas to send their members.
7/ to be fair, it’s a general problem in 🇨🇦.
Back in the day, 🇨🇦 used to be where organized crime heads would hide when they got in trouble to avoid scrutiny.
Word must have got out, because 🇨🇦’s now trying to catch 29k fugitives—300 considered immediate public danger.
8/ let’s quickly circle back to the CBSA finding this out in 2018.
That’s a lie. I know this because this is the index from a leaked CSIS report from 1996 on how the Triads are setting up in 🇨🇦.
Been bothering me for 10+ years now–even the leaks are missing this one section.
🇨🇦’s rolling out 30-year mortgages to “help” first-time buyers get a home.
This is actually a form of liquidity injection called capital cushioning.
It’s not about affordability. A similar plan was used by the 🇺🇸 during the financial crisis. Is this a crisis? 🤔
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2/ first off, let’s fix what you’ve been told about the 🇺🇸 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 you’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.
Most people don't understand how interest rates, population growth, and immigration are related.
Let's fix that with a quick thread.
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2/ A central bank's purpose is to control the decay of money, aka inflation.
If inflation is low, they cut rates to stimulate consumption by lowering the cost of borrowing. Since debt is your future income used today, this creates demand w/the goal of overrunning supply.
3/ Pretty easy since they can cut rates a lot faster than supply chains can respond, which is the goal. They're trying to raise prices to drive inflation, after all.
The opposite is also true. They raise rates to slow inflation by delaying demand so there's excess supply.