Preface

In recent years, the United States, this "performance artist," has been constantly demonstrating to us its exquisite "craftsmanship." It was assumed that it would always maintain the guise of a performer, without any concern that someone would tear off this facade.

However, now it has given up the act itself, openly revealing the truth and displaying its "ugly" side. Just a few days ago, the United States admitted to the world its despicable act of falsifying employment data, with the real figures being a staggering 50% reduction.

The changes in the world are too drastic, and it is unimaginable to see the United States slapping its own face one day, which is truly unexpected.

So, why did the United States falsify employment data? What is being conspired behind the falsification of data?

Serious Falsification of U.S. Employment Data

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With the rapid growth of the global economy, the United States has always held the top position in the world economy, exerting a significant influence on the economies of all countries around the world.

In our perception, the United States seems to always be a "meddler," as it is inevitably involved in international affairs as well as the domestic matters of other nations.

Perhaps the most evident is the increasingly severe Russia-Ukraine conflict in the past two years. On the surface, it appears to be a battle between Ukraine and Russia, but little do people know that the United States is the puppet master behind the scenes.

In addition to this, the recent construction of a canal in Cambodia and the tense economic trade war between China and Europe, the United States' presence is undeniable in these events as well.No matter who ultimately reaps the greatest benefits, the ultimate beneficiary may always be this "meddler," who alone enjoys the fruits of its actions throughout the process.

Its purpose is not only due to its meddlesome nature but also because both China and Russia are its strong competitors, and it simply cannot bear to see its rivals living in peace and stability.

However, seeing that previous sanctions have not been very effective, it has found reasons for itself and, in an attempt to bring about a greater economic crisis for China, has even dragged itself into this smoky economic battlefield.

But while trying to trip up China's economy, the United States seems to have also administered a hallucinogen to itself.

It will not stop until it achieves its goal; when ruthless, it is willing to go to any lengths, even at the expense of its own well-being. The United States has gone so far as to inflate its economic data, and not by a small margin, but by a whopping 50%.

On August 21, the U.S. Bureau of Labor Statistics announced an important message to the world. From April of last year to March of this year, over the course of 12 months, the total number of new non-agricultural jobs in the United States was 818,000 less than previously estimated.

This data also directly affected the estimated total employment figures, which dropped from 2.9 million to 2.1 million, and upon closer calculation, it means an average reduction of approximately 68,000 new jobs per month.

The release of this data shocked the world, as this is only a preliminary estimate. Once the final estimates are out, the U.S. employment data may drop even further, effectively cutting the data by 50%.

Isn't this a clear case of data falsification? Previously, we only knew that companies would engage in data fraud, much like the recent news of data falsification at Kawasaki Heavy Industries in Japan. Now, has an economic superpower stooped to the level of falsifying data?

It is constantly reshaping people's perceptions of it, showing no shame at all.However, since the world has become aware of data fabrication in the United States, we can gain insights into the real economic issues the country has been facing in recent years.

Over the past year or so, the U.S. government has been keen on exaggerating the positive employment situation within its borders to the outside world, claiming that it has been steadily rising month by month, significantly higher than their own market expectations. This is to demonstrate that under the leadership of the Biden administration, the U.S. economy is improving and continuously enhancing.

The high employment figures indirectly suggest that the U.S. economy is not encountering any problems, that society as a whole is moving towards a vibrant and thriving direction, and that the future of the economy is all rosy.

On the other hand, it is also a way to show the outside world that its economy has not been damaged by the prolonged issue of interest rate hikes.

However, the reality is not as simple as it seems. Continuous interest rate hikes may reduce domestic inflation, but they also increase economic pressure on businesses, leading to a reluctance to expand production capacity. It may even cause businesses that cannot withstand the economic pressure to start laying off employees and reducing economic expenditures, resulting in a significant decrease in the overall employment rate.

Thus, the data reports from last year, even if the U.S. does not disclose them, other countries would question the authenticity of these figures. After all, a significant increase in employment rates while increasing interest rates is inherently unusual, and only this "big smart" thinks it has done everything flawlessly.

Not long after the U.S. revealed this scandal, a high-ranking U.S. official made a conspicuous appearance, stating that this is a good time for the U.S. to adjust its monetary policy, which essentially means that now is a good opportunity for the U.S. to lower interest rates.

The U.S.: "Losing both the wife and the soldiers"

So why is now a good time for the U.S. to lower interest rates? This has to start with why the U.S. decided to raise interest rates in the first place.

Since the U.S. dollar has always been the currency with the highest interest rates internationally, the U.S. has been considering the level of currency interest rates as a primary factor in boosting its economy. This also allows them to influence the economies of other countries by manipulating their currency.And this time, it set its sights on China, aiming to influence China's economy by raising interest rates on its currency. Although its well-calculated plan was indeed quite good, China had already seen through this petty trick.

It was thought that this interest rate hike would attract a large influx of US dollars from China into the US market, leading to an outflow of dollars from China. This would force China to bear the consequences of the interest rate hike, indirectly affecting domestic enterprises and leading them to face an economic borrowing crisis, which could end in bankruptcy.

However, it was unexpected that this well-calculated plan went awry. China today is not the China of decades ago; its economy is now substantial enough to remain unaffected by the slightest influence from the United States, and it even demonstrated a countermove by lowering interest rates instead of raising them.

Thus, after two years of persistence, this strategy of the United States collapsed on its own, not bringing any impact to China, but even causing its own economy to enter an unprecedentedly slow phase.

Even Silicon Valley experienced a very rare wave of unemployment, and banks collapsed as a result. It must be said that the United States' performance is as brilliant as ever.

It intended to break China's economy in one fell swoop, but found no signs of collapse in China's economy, and ultimately encountered economic problems itself, paying a large sum of interest.

Conclusion

The failure of the United States' "plots and schemes" seems to confirm that China's economic strength has far exceeded the imagination of Western countries. Perhaps in the future, the United States will no longer rashly use "tricks" against China.

And China will not let its guard down because of this small success. China's wisdom will continue to shine, proving its strength to the world, and the final outcome may be the United States meekly waiting for China to ascend to the throne of the world's leading economic power.