Tags:
* CORPORATE MEDIA
* COVER-UP/DECEPTIONS/PROPAGANDA
Stocks closed off the lows on Tuesday, as buyers stepped into the market despite the threat of an escalating nuclear crisis in Japan. Had Japan endured a nuclear meltdown, Cramer thinks the markets would have sold-off, but the "Mad Money" host said a Chernobyl situation was never really on the table.
Japan's nuclear plants have fail-safe that make a Chernobyl-like explosion unlikely, Cramer explained. There are multiple safeguards that would prevent an event of that magnitude, he added.
Webmaster's Commentary:
Of course, setting aside that CNBC is owned by General Electric, which means Cramer works for the company that designed those exploding reactors, Jim Cramer is the guy who told us all that Bear Sterns was fine ... just 1 week before it collapsed.
UPDATE: Jim Cramer loyally serves his GE masters and destroys what little remains of NBC/MSNBC/CNBC's credibility.
UPDATE 2: TEPCO confirms total fuel rod melt-down at reactor 1 just 16 hours after quake.
What is most terrifying about Fukushima is that we know the governments, TEPCO, and the media are lying to us all about the severity of the problem. People have no reason not to imagine the very worst possible situation, and as today's announcement about reactor 1 proves, the very worst being imagined is usually correct.
http://www.cnbc.com/id/42090187
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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