On Tuesday, Financial analyst Jim Cramer confused his CNBC co-hosts by going on a bizarre rant about Chinese vaccine propaganda and COVID lockdown being a good thing.
The context for the strange outburst is that news of China potentially easing COVID restrictions, and re-opening has seen improvements in the stock market.
China’s change in direction after months of brutal lockdowns is reported to be headed up by the nation’s chief propagandist.
This is where Cramer came in to sell the ‘good side’ of propaganda, noting that we only think of propaganda as being bad because of “regimes we didn’t really appreciate.”
Cramer mentioned that he doesn’t see any issues with suddenly locking people down without warning, reasoning that he was able to get his own COVID test results back within a day.
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“Let’s just go back over, I think chief propagandist, I call that person a dissembler, so to speak. But they have a narrative in which basically you can conquer COVID by just being locked down, and this has to change the narrative,” Cramer continued.
He then argued that China stealing and back-engineering Pfizer’s vaccine is also a good thing.
“What is even better is homegrown mRNA, which I’m told they managed to get the intellectual property, stole it, which is good, and I say good because it’s better to have mRNA than not,” Cramer said.
He added, “Let’s just say they appropriated it. What do you do if you tell people the way to beat it is no vaccine and now you have a vaccine? So I think what you need is a propagandist.”
The other hosts just sat in silence, trying to comprehend the mental gymnastics needed to agree with Cramer.
Ironically, this entire segment was sponsored by Pfizer:
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