Money exchanger for the Chinese UnBanked


Posted On: Friday - August 14th 2026 7:41PM MST
In Topics: 
  Immigration Stupidity  China  Legal Stupidity

I don't know if you can call Peak Stupidity's writings on the details of Chinese illegal immigration a scoop. That's an old newsman's term. In the modern world, it's often hard to find out who really comes up with a story first. This is the closest thing to a scoop that we've written about.. We know the people with the inside information.



Our interest in the Chinese illegal alien racket started at least by Summer of '17, the year we wrote "(let me tell ya') It's More Fun, Bein' An Illegal Alien.". (43 y/o Genesis song referenced.) We started with some back-o-the-envelope speculation there:
The number of illegal Chinese residents may be much more of a surprise to Americans. If you don't live in a medium or large size city (IN the city that is, not the 'burbs") you may not know, as Chinese people LUV the city, as described here. You won't find out easily without being with someone who knows the language, but much of the help at the myriad of Chinese restaurants in medium and even smaller towns are illegal Chinese people. Add in the massive amounts of people in the Chinatowns of NYC and the west coast cities, and just simple estimates can get one over 2,000,000. I will admit that is just a 1/2 order-of-magnitude guess - let's say 1 - 3 million. No, most do not cross over from Mexico, Canada, or ride in shipping containers. Most come via some type of visa, but overstay forever. The US does not have any good system being used to track exits, as THEY DON'T WANT TO DO IT, or the elites DON'T WANT THEM TO!


Then, we had personal accounts in our '18 post The China to King Buffet pipeline.
This brings up places like the King Buffet, China Wok, Canton Garden, Red Dragon, Red Lotus, Red Guard Cafe (hold on, wait!), etc. The Peak Stupidity blog does not do "scoops" per se, as we don't have Woodward and Bernstein on the staff [we fired those 2 Commies years ago - Editor].

This is as close as we can get, as we have two sources, one Chinese and one American, that have made it clear that just about all the waiters and waitresses at the Chinese buffets in our area are illegal aliens. There is no reason that wouldn't be the case all over this country, as we are not special here.

Staff at these restaurants have talked in Chinese to my source, and though not discussing the whole process by which they arrived in this area, made it clear enough just from the chat. The American source is in the know, due to a friendship with the owner of one of the biggest of these places, with my estimate being 30 or so wait staff. The owner has described how these employees are arranged to come a couple of days bus ride from Newark, New Jersey. He described the plain white charter-type buses, and how these people are shuffled around over great distances to other "gigs" before ... what next? ...but it's borne out by personal stories from both illegal aliens and the restaurant owners.
As I wrote, it makes no sense to think that some goings-on that are not particularly locally specific don't happen everywhere else. We don't live right on the US border or in some special illegal alien drop-off point. One CAN extrapolate, and we did.

In a follow-up, after time spent at a NYC Ramen noodle restaurant (it's a little better than the 17ยข packages I'd get during college), I had learned and read about some even more specific information on where so many of these Chinese illegal aliens come from. It also backed up my previous posts. I knew it! The Fuzhounese, the Chinese buffets, and the America Changle Association.

Here's another update with a different aspect of this story, the MONEY. The Chinese guy in this story is someone I've only talked to 3 or 4 times. Let's call him Mr. He. A good friend knows him better. He and his family of 5 came from China, where he was a lawyer, to California a few years back and then moved to our State. How exactly He makes the money to support the family while the whole family is just going to school is something we've wondered about.

Last time I talked to him He mentioned something about the Chinese restaurants, and I brought up the illegal alien labor. Mr. He, of course, knows all about it, but, in addition, He told me he helps these waiters/waitresses, cooks and busboys convert their US dollars to Chinese Yuan for sending back to China.

Because I don't understand well I'm bored with these kinds of financial dealings, I'm not sure how it works. He takes the the cash from these people and deposits it in an account in the bank, likely Bank of America. He is able to convert it to Yuan and either write checks from, or take Yuan cash out, from the account for his "customers". Do they send it to China via Western Union or deposit it and transfer to Chinese accounts? I don't know.

The question I had for He is how does he not pay a big currency exchange fee? Does he pay a very low fee due to changing lots of money? He explained this, and it was only partially his Chinese accent that made it hard for me to get it. I might never know. I suppose he's got this business due to these Chinese illegals being "unbanked"*, as the bleeding hearts worry about. Yet, they could "wire" their own money to China with a fee, so the lack of an exchange fee is part of this deal somehow.

The Chinese people are a much more organized lot than the Hispanics, and that holds for coming to America illegally and living here illegally too. Remember the white charter buses out of Newark, New Jersey. They've got a system. Mr. He is part of it. He, BTW, is just one of the millions of Chinese people here on non-immigrant visas who will stay here for good one way or another.** Whether it's an unending serious of student and/or work visas (for what, we still don't know) or just staying and serving the unbanked, I'd put a lot of money on this... in dollars or yuan.

Therefore, if Trump & Co. ever exact large remittance fees on money "wired" to Latin America and overseas - mostly by illegal aliens - the Hispanics may put up with it. "Aye, Carumba!" The Chinese will find a way to get around it. The Indians will probably hack the system and screw it all up for everybody.


PS: About those currency exchange fees. Before we went to Chile some years ago, I asked a teller at my bank what the charges were for exchanging dollars for Chilean Pesos. "12 dollars", she told me. Excellent, well I figured we'd get a bunch of cash for the trip.

Another day though, as I checked to make sure which day's spot price we'd use or something she told me "Oh, the spot price plus 7%." Uhhh, lady, then it doesn't cost twelve bucks. Is not that 7% a part of the cost? Nah, forget it!



* Being unbanked is not always a bad thing. We call it part of being "off the grid".

** He really enjoys taking selfies of him and his visiting family with my friend's guns, lots of guns. I suppose that is good publicity for us, at least.

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