Jim Cramer tells Glenn how to get rich carefully

Mad Money host Jim Cramer joined Glenn Beck on TV last night to talk about smart investments and his new book How To Get Rick Carefully.

WATCH:

Read the transcript of the interview below:

Glenn: All right, I want to bring a longtime friend onto the program, Jim Cramer. He’s the host of CNBC’s Mad Money, author of a new book Get Rich Carefully. Jim, welcome to the program.

Jim: Glenn, great to see you. Thank you for support all the years.

Glenn: You pioneered a lot of stuff that I watch.

Jim: You took it to where we should all go.

Glenn: You have a new book, Get Rich Carefully, and I want to talk about you’ve got seven things. I put them up on the chalkboard, seven things. I’m not comfortable talking to you without pacing.

Jim: Yeah, I mean, what are we doing? Let’s get our hands dirty.

Glenn: You talk about getting rich. I am concerned that we have printed so much money that the stock market’s bogus. It doesn’t mean anything anymore.

Jim: You know, that’s why I’ve always told people, put some in gold, please. Put some in gold. I believe in it. I have some. It’s the antidote to the currency. And when people say, you know, when I say put some in gold, people think he’s a gold bug. I am a believer that gold will retain its value, and so therefore everyone should have a good percentage.

Glenn: Right. Nobody should put everything in anything.

Jim: No, but I think that that’s the antidote, because I think, look, our grandchildren are going to be looking at this deficit and saying why didn’t dad buy some gold?

Glenn: We have $17 trillion in debt. At some point we have $40 trillion in debt, and the only thing that’s going to be worth anything is an asset, which brings me to number seven on your list. What is this list?

Jim: Okay, these are the big themes that are going to last far more than let’s just say far more than next year or next five years, probably ten years. The one I’m most proud of is the one that is most…it is still hard to find people who believe with me we are in an oil and gas revolution in this country. Because of American technology, we have found oil where we thought there wasn’t any, and this is our chance for greatness. It’s our chance for more jobs. It’s actually our chance for ascendancy back.

Glenn: Yeah, it’s our chance of survival, because if we don’t take it out of the ground, we have $40 trillion in debt at some point. China or whoever else is just going to say you know what guys, pay up. You’ve got nothing, and they’ll just take it.

Jim: Our trade deficit which is something that’s hurt all our workers in this country, right? I don’t want to say it gets 100% cured because we still take a lot of product from countries that won’t buy our products. Those are products of bad trade deals that we’ve made, but oil and gas is something that, it’s tangible. It creates jobs. The Keystone pipeline would create more jobs than any one project, but most importantly Texas, Oklahoma, New Mexico, Montana, Colorado, North Dakota, Pennsylvania, Ohio, wherever there’s fracking, there’s jobs.

Glenn: Pennsylvania and Ohio, think of that, it’s dying. Upstate New York, Kodak is a ghost town. All of that stuff is a ghost town, and you drive through upstate New York, and it’s nothing but anti-fracking nonsense.

Jim: The southern tier is filled with natural gas. The southern tier is probably one of the highest unemployment areas in our country, and this state, unlike Pennsylvania, this state doesn’t understand those are actually good jobs, especially pipeline jobs. You know that’s high-paying jobs for people who may not have graduated college. Is that okay to help them? You can even get, you know, truck drivers, you’re making $90,000 a year in North Dakota. We just don’t have enough people there.

Glenn: Okay, come here and talk to me about some of these. Okay, so we have oil and gas. Let’s go stealth tech. What is stealth tech?

Jim: Okay, stealth tech, we have a lot of companies, we think about personal computers, really haven’t done that much. Where I’m saying the real technology is being done in companies like Colgate. Now, I know that sounds boring.

Glenn: The toothpaste people?

Jim: Yes, but we have taken back huge amounts of the emerging world with our own technology making the best toothpaste much cheaper. You know, we should not minimize this. These are scientists from our countries doing good things. The one that is my favorite is actually Under Armour.

Glenn: Hold on just a second. You’re actually telling me that toothpaste may be something that we’re turning the country around with?

Jim: No, but at least we’re taking back some jobs from some foreign companies.

Glenn: We’re down to toothpaste, America.

Jim: I want to celebrate some of our ingenuity.

Glenn: No, I appreciate that, but it’s sad. It’s toothpaste.

Jim: No, we’re just not as bad as we think we are. That’s how I like to feel about us.

Glenn: Okay, so Under Armour, because you’re saying stealth tech because I don’t think of Under Armour as technology.

Jim: Well, I mean because they develop product that keeps you cool when it’s hot and keeps you warm when it’s cold, and that’s this guy, Kevin Plank, who’s really a great American. People don’t talk enough about him. He calls himself the world’s sweatiest man when he comes on Mad Money. He just decided you know what, I have to infuse apparel with technology in order to be able to take on a Nike, which is also a great American company that has terrific technology.

Glenn: Okay let’s go to number three, make money work in the new frugal environment.

Jim: When my father and his parents got out of the Depression, they never spent again the way that they did before that, okay? We have come out of a horrendous recession, not strongly enough, but we’ve come out. Well, we turned more frugal. I shop at TJ Maxx, which is very good. I belong to Costco. I like to shop there. Yeah, I like to buy the store brand. You know, I would go to Rite Aid, and I buy everything that’s Rite Aid. I don’t need to buy the fancy stuff.

Glenn: You don’t need to buy something from Colgate?

Jim: Well, I mean, they have good technology, but –

Glenn: Okay.

Jim: But I just think that we’re smarter about shopping.

Glenn: And that’s because, I mean, do you buy into, I looked through your book, and I’m looking at the pages in the book and the charts. And I’m like I don’t understand any of those charts. But do you look at the charts, as a guy who doesn’t understand all that stuff, I look at bad news, bad news, bad news, stock market up, and say there’s something wrong. Do you buy into this crap?

Jim: I think that a lot of what happens with the stock market is about profits, and a lot of companies are able to make more money by firing people or moving jobs offshore.

Glenn: But at some point that’s bad.

JimL Well, for societally, unless you can be involved in the stock market, it’s definitely bad because how do a lot of our companies make money? Okay, well they close their factories here and then move them to Mexico. And we have this thing called NAFTA which is universally loved by everybody except for the people who lost their jobs, the millions, and that is the way that companies make more money. I mean look, you build more cars in Mexico, that means you build fewer cars here, okay? And we bring them up. We don’t charge you any tax on that, and that’s how those companies are making more money.

Glenn: Is there any industry that you’re, I mean, there’s so many, and you’ve got to read the book to understand all seven of these, but is there anything, is it number seven? Is there anything that you see on the horizon that you’re like that’s your answer for America?

Jim: I think that when you look at where the natural resources, you know, we are a strong natural resource country. Now we have an anti-fossil fuel government, Republican and Democrat, but you know what, all that means is we export the jobs to countries that pollute far more than we do. And do you think that pollution stays in China? I mean, I’ve seen that map. It’s like, you know, my kids know, it’s like a big, big world. If we are able to exploit our natural resources unfettered in a very smart and reliable way, much better than almost every other country, by the way, then we can become a stronger and a self-sufficient continent.

Glenn: I will tell you that we were just talking about it, and you just said continent. I was just telling you that we were talking beforehand. I never thought that I would hear somebody say you know, Canada has a great government. And then I would go yes, it does. Two places to live, Texas, Canada. The name of the book, Get Rich Carefully by Jim Cramer. Good to see you.

Jim: Thank you, Glenn. Thank you very much.

My fellow supporters,

It is with a heavy heart that I must make a sad announcement today. The time has come to press pause on the dream of Beto for president. It's not the end of the Beto dream. It's just pressing pause for a while, like pausing a Foss CD. The dream will keep right on spinning, until we return to it and press play again. I mean, look at Bernie Sanders. That guy's almost twice my age and he's still running for president. That means you can look forward to Beto running for office for decades to come. I have found there is tremendous joy and freedom in running for office and never winning. All the travel, Vanity Fair cover stories, food and free beer, with none of the hassle or responsibility of having an actual job in elected office (or any job at all). It's really great.

With the exception of myself, no one has supported Beto more faithfully and true than you, the fans. I'd also like to thank my wife Amy for continually raising our children so that I can travel this great land in my never-ending quest to find myself (and also to connect with you, the fans). From attending my very hip and not-at-all contrived jogging town halls, to slapping those trendy Beto bumper stickers on your hybrid-SUVs, to steadying tables all over America so I could jump on top of them and yell and jab the air, to clicking "like" on all those Facebook videos of my dentist visits – you perpetuated this Beto dream way longer than it had any right to be perpetuated.

So, I'm sure you're now wondering – what's next for Beto?

Other than pursuing my career as a solo rock recording artist, I believe the best way I can serve America and bring true justice to this great land of ours is by stealing from the rich and giving to those who fall in the sweet spot on the intersectionality charts. Except I won't steal from my billionaire father-in-law, only because getting my family cut out of the will would not be in America's best interest. You need a Beto who is independently wealthy via his wife and so do I. Plus, as you know by now, from following the 2020 presidential campaign so closely, the only acceptable status quo in America is leaving the wealth of Progressive elites alone. Everyone else's wealth is fair game, including the middle class. It's the right thing to do.

You need a Beto who is independently wealthy via his wife and so do I.

Therefore, from this day forward I will henceforth be known as Beto Hood. You will be able to join the cause by purchasing official Beto Hood merch soon at Beto Hood dot com. Together, with my band of merry men, who will be known as "merry non-binaries", we will roam the land, righting all the wrongs and bringing about all the social justice that Donald Trump refuses to let you have.

Beto Hood and his Merry Non-Binaries will live on the road. And in the woods (in eco-friendly, fully sustainable treehouse yurts). And in the shadows. We will skateboard and learn archery and rappelling. We will become proficient in hand-to-hand combat. We will become experts in all weaponry except guns, since guns are the evilest weapons. We will care for all the animals of the forest. You already know my affinity for squirrels. Not only will we continue to rescue all the orphan squirrels, we will train them in petty thievery and nimble sabotage. We will affix tiny helmets on them, fitted with tiny Go Pro cameras to live stream their heroic exploits on Facebook. Side note: my colonoscopy next week will also be live streamed on Facebook and available to rent on iTunes.

Using the skills I honed as a college graduate scaling the gates of UTEP, Beto Hood and his Merry Non-Binaries will scale the gates of America's richest and steal from their grotesque wealth. Jewelry, high-end electronics, precious antiques, art, women's shoes – nothing of value will be off-limits. Drawing on my experience while my father was a county judge, we will live above the law. It will be dangerous work, the Lord's work as some people say. But totally worth the risk.

Also, we will not wait for Constitutional amendments nor judicial overreach to get rid of America's AR-15s. We will steal those too. One by one. Using very large versions of those stretchy sticky hands that come in cereal boxes, we will literally be able to snatch these vile guns right out from under the noses of the monsters who own them. Then, with our literal mountain of confiscated AR-15s, we will melt them down and use the metal to build a flotilla of sturdy watercraft, called Beto Boats (trademark pending). Families will be able to use these Beto Boats to save themselves and others when the rising waters of climate change overtake our cities in exactly ten years.

Who needs the presidency? I have big, bold plans for a bright future as an outlaw hero.

Who needs the presidency? I have big, bold plans for a bright future as an outlaw hero. So, don't cry for me, America. Beto will be just fine. Dropping out of this race is nothing that another months-long, head-clearing road trip won't cure. And after that, I'll start shopping for some tights.



[NOTE: The preceding Memo was a parody written by MRA writer Nathan Nipper – not Beto O'Rourke.]

Ryan: Making of an Ant Queen

Photo by Kevin Ryan

The embattled, Nobel-Peace-Prize-winning author Liu Xiaobo wrote that "Life is priceless even to an ant."

An ant colony can only survive for a few months after the death of its queen. On average, queens live 10 to 15 years. Some, up to 30 years, one of the longest insect lifespans, hidden deep within the colony, protected, unable to use her wings because she's a little bigger than she used to be.

Plus she's very busy.

The majority of ants are female. Wingless, sterile worker ants. They build nests, they forage, they hunt.

Theirs is a far briefer life than the queen's, ranging from a few weeks up to a year. But they see more of the outside world than any other ant.

The bigger they are, the farther they travel. And they release pheromones along the way so that they have a trail home.
Drones — winged male ants whose primary function in life is to mate with the queen — die after mating and rarely make it out of the colony.

Then, there are the soldier ants. They protect the colony and attack.

To quote philosopher Bertrand Russell, "Ants and savages put strangers to death."

They go on raids.

The attacking colony rarely loses, so most colonies flee as soon as an invasion begins. But they sometimes remain and fight.
Ants on both sides of the battle die in droves.

Henry David Thoreau describes an ant battle in Walden: "On every side they were engaged in deadly combat, yet without any noise that I could hear, and human soldiers never fought so resolutely."

If the attackers succeed in overtaking a colony, they pillage the eggs. Some are eaten, fed to larvae. But others become victims of slave raiding. Meaning that the victors return home with their enemy's unborn, feed them, nurse them. Then, when the eggs hatch, the victors force them into slavery.

Often, the slaves even develop an allegiance to the colony which ransacked their home and enslaved them. They'll even help raid other colonies and either die pointlessly or help with the seizure of the next generation of slaves.

Sometimes, however, the slave ants rebel.

In the words of Persian poet Saadi, "Ants, fighting together, will vanquish the lion."

Flying ants, both male and female, leave the colony to form another colony. Once they find a suitable place, the males's wings fall off and they mate to their death. Then one or more of the females becomes queen.

*

It felt odd, any time I sat with a roomful of media, a few hundred journalists from all over the world, as they simultaneously, silently, decided "Yep, that's newsworthy. We should hammer that."

It wasn't like everyone turned to each other and said, "Let's agree on the narrative."

It was an energy.

Photo by Kevin Ryan

Like in Houston, at the third Democratic Debate, after Biden misused the word "record player," you could hear chatter spread through the room, people muttering the words "records" and "record player."

In Houston, the media watched the debate from a gymnasium around the corner from the auditorium. So I could contrast the crowd's reactions with the media's reactions.

Nearly every time, there was a disparity between the two. The media were more relaxed — during the debate at least. The audience enjoyed any mentions of identity issues. There were a lot. But the media barely reacted at all.

This was a good thing, probably.

*

It's impressive to see how politicians force their stump speeches into a new form, depending on the context. How they say it like an epiphany.

That night brought the opposite for the ever-fledgling Kamala Harris. I could not believe it. Was this the same woman who'd made Iowa hers, just a little over a month ago?

All night, she was so loyal to the tactic she'd premeditated that she didn't realize it wasn't working, like she kept putting on a puppet show on some busy sidewalk.

At one point, she declared, proudly, "We're not talking about Donald Trump enough."

The most talked-about man in the world, perhaps in our country's history.

In five weeks, she became an entirely different candidate. Her latest version resembled a Xanax-fueled stepmom. It was like she was transforming into Joe Biden.

She kept laughing at her own jokes. And the entire media room cringed every time.

Photo by Kevin Ryan

Amy Klobuchar's pre-formed jokes and half-zany dad jokes fell short every time, too. Most of the media saw Klobuchar's long rants as a chance to chat with a neighbor or jet off to the nearest bathroom, which was likely a locker-room full of plastic flight containers and padded camera cases and journalists who curse like sailors.

During the debate, the press was stoic. So if a candidate got a reaction from them, it carried a certain authenticity.

They laughed at things that the audience ignored or disliked or didn't notice. In part because the audience didn't do a whole lot of laughing. But the media laughed like professionals laugh. In-jokey and staid yet ready for anything unexpected.

They loved it when Booker said the thing about "Let me translate that to Spanish … 'No'." And Yang's opening handclaps. As well as Pete Buttigieg's reaction to Yang's raffle.

The biggest laugh of the night in the media center, surprisingly, was when Yang said, "I am Asian, so I know a lot of doctors."

*

Early scientists believed that ants adhere to a complicated hierarchy, which biologist E O Wilson compared to the Hindu caste system. The idea was, ants and humans have a lot in common, and ants belong to a society divided by class and determined by labor.

In the Wealth of Nations, father of capitalism Adam Smith wrote: "It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people."

Ants have been organized into colonized societies since the Cretaceous Period, 140 million years ago, when dinosaurs still dominated the Earth. All of that changed 74 million years later. Which was about 66 million years ago. When a comet slammed into what is now the Yucatan Peninsula, resulting in the KT mass extinction.

80 percent of all plants and animals died. The ash and dust and debris polluted the air, blocked the sunlight, transforming the Earth into a dark, frozen wasteland full of asthma.

Insects, carrion-eaters, and omnivores all survived. Any purely carnivorous animals starved to death, while mammals and birds fed on insects and worms until the earth repopulated itself with more animals that could be eaten.

The K-T Mass Extinction ushered in a new era of life. Species that had lived in constant retreat from predators were suddenly able to form more elaborate purposes.

After these lifeforms thrived for tens of millions of years, certain mammals started to become vaguely humanlike.
Early humans popped up about 300,000 years ago.

Meaning, ants have existed for 140 million years, which is 139.7 million years longer than humans.

For reference, if you counted to 300,000, it would take you roughly three-in-a-half days. To get to 140 million would take about four-and-a-half years.

Humans only began developing language about 100,000 years ago.

Yet we're the ones with libraries and governments and ABBA and iPhones. What did ants have? Other people's sugar?

*

Before the debate, I wandered out of the gymnasium and onto bustling sidewalks with makeshift security fencing on each side. And hopped over the massive yellow tubes that belonged in E.T. and pumped cold air into the building. Past dozens of police and security, through an elaborate weave of temporary checkpoints and wires bigger than a fire hose.

On the street, I passed a group of six-or-so teenagers flipping DELANEY signs around like those cardboard "WE BUY GOLD" banners which actual people bob around while dressed as Elvis or Lady Liberty or a Banana.

Photo by Kevin Ryan

The sun cast a delightful orange over Houston, glitter in the humid air.

Those kids were having a blast with those signs. Laughing so hard they had to stop occasionally and slap their legs.

On the other side of the fence, some of the most powerful people in the world were readying for battle, and these kids could not have cared less.

*

The protestors had gathered just outside the gates of the campus entrance.

Far as I could tell, it was me and no other journalists present. The rest of the media were in the gymnasium, preparing for the debate or networking or already on-air. Once they got into the media center they stayed put. For many reasons, I assume.
The air collapsed under a wave of heat unique to Houston.

Photo by Kevin Ryan

Gnarled blockades served as borders on both sides of the street. Locked into steel fencing, flanked by rows of police cars with their lights on but their sirens off.

Worse than the humidity, and more intense, was the energy bouncing out of the protestors on Cleburne Street. The opposite of suction energy, shoving out with tension and panic and elation.

Photo by Kevin Ryan

Curtis Mayfield's "Move on Up" blared from a Bluetooth speaker. I envisioned a slow zoom from above, beginning with the top of my head and rising, up and up and up. Drawing in the greater scene. Up past Trump's message-board plane. A panorama of city, then county, then state, capturing the topography and nuance of each snapshot of nature.

The higher the camera rose, the more I resembled an ant. One more wingless worker or obedient soldier rushing from place to place on a mission.

And when you got far enough above, you saw the colony that each of us belongs to.

Then it shrank like a passing bobsled, and Earth itself resembled an ant.

The scale of it is daunting.

For thousands of years the sky has filled humans with romance and humility and wonder. A restive impulse that strikes when we gaze up at the moon, the stars, the galaxy, the quiet.

But at ground level, I was a man in the throes of a great human drama. And my job was to document it as neutrally as possible.

The 120-odd protestors on the south side of the street spilled onto the sidewalk and into a lawn, and they chanted as the Trump plane groaned overhead.

They were crowded together, and they were all fighting for different causes. Lots of contradictions under the same banner.
Next to a group of Beto supporters with pro-choice t-shirts, several women chanted

We.
Want.
A pro-life.
Dem.

Chaos itself occupied the south side of the street. The protestors weren't sure how to handle it. So they chanted and sang and probed for the problem. Like so many tiny creatures hauling an orange slice.

Across the street, facing that horde of supporters, two men gripped pro-life signs.

They were the counter-protestors. Their barricade was far wider than needed. The grass around them looked sad, like the trail a dog makes along the fence when it wants to escape.

Behind the two counter-protestors, a mini-bus covered with photos of aborted babies, tangled fetuses, severed and indistinguishable chunks.

Photo by Kevin Ryan

Photo by Kevin Ryan

I squinted and gasped and felt downright unwell.

Two days earlier, my wife and I found out that she was pregnant with our first child.

At the very moment I stared at images of tiny human shapes contorted and grey, our baby was the size of a pea.
A few weeks later, we'd see its heartbeat pulsing like a strobe.

I'm not making a statement on abortion. That's not my job as a journalist.

It's more my admiration for the impeccable depth of life. The timing. How messages and symbols confront us all the time, with unmatchable creativity.

Because there I was, literally in the middle of two opposing factions. Again. In the divide. Tangled into so many dichotomies. Life and death. Freedom and oppression. Order and chaos. Activity and stagnation. Creation and loss. Art and nature.

And I had once again remained in the middle.

This brought me tremendous satisfaction. It signified personal and journalistic success.

It was also a bit ridiculous.

As a reporter, I never wanted to pick a side. I already had a side. My side was America, and Ireland. My side was humanity.

My side was life.

New installments of this series come out every Monday and Thursday morning. Check out my Twitter or email me at kryan@mercurystudios.com

"Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak.Not to act is to act."
― Dietrich Bonhoeffer

The cost of discipleship can be daunting and few people are willing to sacrifice and stand in the face of evil to do what they know God is asking of them. The "Bonhoeffer Angel Award" is awarded to someone with the vision and courage to act when others only talk, to dig in and listen to the whisperings of the spirit when others turn a deaf ear. It is only fitting the inaugural award go to the visionary founder of Mercury One, Glenn Beck.

The award was presented by the Board President of Mercury One, David Barton and CEO of the Nazarene Fund, Tim Ballard. There was a touching video tribute as well including the likes of Penn Jillette, Senators Mike Lee, Ted Cruz and Joe Liberman, Congressman Loui Gohmert and Rabbi Daniel Lappin.

WATCH THE VIDEO HERE:

Glenn will be hosting the annual Operation Underground Railroad gala Saturday, November 2nd with keynote speaker Tim Ballard. If you are able to join us, tickets are still available and donations of all sizes are welcome.

Summer is ending and fall is in the air. Before you know it, Christmas will be here, a time when much of the world unites to celebrate the love of family, the generosity of the human spirit, and the birth of the Christ-child in Bethlehem.

For one night only at the Kingsbury Hall in Salt Lake City, on December 7th, join internationally-acclaimed radio host and storyteller Glenn Beck as he walks you through tales of Christmas in the way that only he can. There will be laughs, and there might be a few tears. But at the end of the night, you'll leave with a warm feeling in your heart and a smile on your face.

Reconnect to the true spirit of Christmas with Glenn Beck, in a storytelling tour de force that you won't soon forget.

Get tickets and learn more about the event here.

The general sale period will be Friday, August 16 at 10:00 AM MDT. Stay tuned to for updates. We look forward to sharing in the Christmas spirit with you!