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.

The Biden Admin EXPANDED abortion access because they DON'T believe in the Constitution

Joshua Lott / Stringer, JOSEPH PREZIOSO / Contributor | Getty Images

This month has already produced an extreme example of why we need a functional and more conservative Congress in order for America to have a chance at moving forward—because the Left does not believe in the Constitution.

Sure, if you confronted a Democrat in Congress, they would probably claim some sort of allegiance to the Constitution—but as a practical matter, they do not believe in it.

Instead, the Left has put all of their eggs in the basket of the executive branch. Why? Because it has the furthest reach through all the various departments, and it can move the fastest—in short, because it’s the most dictatorial. It only takes a department head to write a new memo, or even better, the President to sign a new executive order to carry the force of law.

The Left has put all of their eggs in the basket of the executive branch.

Do you recall any of the Left’s favorite Supreme Court decisions over the years—something like gay marriage for example—and how Republicans immediately tried to subvert it, using the executive branch to try to nullify the decision? Yeah, that never happened. But that is exactly what Democrats have done in recent weeks to expand abortion access.

Democrats only consider the Supreme Court legitimate when they approve of the decisions. When the miraculous overturning of Roe v. Wade happened last summer, President Biden called it “a realization of an extreme ideology and a tragic error by the Supreme Court.”

Democrats only consider the Supreme Court legitimate when they approve of the decisions.

Recently the FDA approved local pharmacies to issue abortion pills. For the first 20 years after these pills were developed, they were not treated like typical prescription drugs. They had to be dispensed in-person by a doctor. That in-person requirement is now gone.

Keep in mind that the Left’s go-to line is that abortion is always about the health and safety of women, yet a 2021 peer-reviewed study found that chemical abortions have a complication rate four times greater than surgical abortions. Between 2002 and 2015, the rate of abortion-related ER visits following use of the abortion pills increased by 507 percent.

Chemical abortions have a complication rate four times greater than surgical abortions.

And now the Biden administration is making these less-safe abortions much more accessible. Thanks to the FDA’s rule change, Walgreens and CVS have already agreed to dispense abortion pills in states where abortion is legal—effectively turning these stores into new abortion clinics.

As for states that have abortion bans, "Team Biden" announced a new way around those too. Three weeks ago, the Justice Department issued a legal opinion that the U.S. Postal Service is allowed to deliver abortion pills anywhere, even in places where abortion is illegal. What’s their rationale? That the sender cannot know for sure whether the recipient will use the pills illegally or not. So it’s totally okay.

The U.S. Postal Service is allowed to deliver abortion pills anywhere, even in places where abortion is illegal.

Georgetown Law professor Lawrence Gostin told the Washington Post that this Justice Department opinion is “a major expansion of abortion access in the United States.”

So, to recap—the Biden administration has used the FDA, the Justice Department, and the Post Office, which all fall under the executive branch, to provide an end-run around the Supreme Court’s Dobbs v. Jackson decision.

Expanding abortion was easy—simple policy tweaks and declarations that carry the force of law without an ounce of input from actual lawmakers in Congress—all because it comes from the grotesque, bloated, apparently pro-death executive branch.

Glenn is one of the most outspoken critics of the World Economic Forum and their vision to use crises to reconstruct the world order known as The Great Reset. The recent WEF summit in Davos confirms what Glenn has long warned about: globalist elites seek to upend our democracy, freedoms, and way of life to achieve their utopian climate goals. Here are 15 quotes from the 2023 Davos Summit, revealing their true intentions in their own words:

1. Saving the planet

When you hear the word, "Davos," the first thought that should pop into your mind is an elite group getting together to save the world from imminent climate disaster... at least they think of themselves that way. According to John Kerry:

I mean, it's so almost extraterrestrial to think about saving the planet.

2. Private jets

What most people think when they hear the word "Davos" is a group of global elites flying in on private jets to talk about climate change... and yes, John Kerry does own a private jet, no matter how many times he denies it:

I fly commercial [...] Exclusively.

3. Global Collaboration Village

You always hear some weird, dystopian projects coming out of WEF, like "The Global Collaboration Village," a new metaverse community aimed at strengthening "global cooperation." It sounds like the next installment of Brave New World. According to Klaus Schwab, Founder and President of the WEF:

The Global Collaboration Village is the pioneering effort to use the metaverse for public good, to create global cooperation and to strengthen global cooperation in the metaverse or using metaverse technologies. For me, it's a dream coming true because the village allows the Forum to create a more larger and open platform where everybody can participate.

4. Climate revolution

However, the core theme throughout WEF summits is the immediate need for a climate revolution and how businesses are selfishly blocking the revolution because they want to make an extra buck. Here's how John Kerry summed up the sentiment:

How do we get there? The lesson I have learned in the last years [...] is money, money, money, money, money, money, money.

5. Do or die

This often turns into alarmist language, like having to choose between wealth and our planet's survival... Joyeeta Gupta, Professor of Environment and Development in the Global South at University of Amsterdam, said it eloquently:

If we do the minimum at this pivotable moment in our history, then we and our children – even if we are rich – will live in the danger zone. But if we – business people, governments, citizens, cities – take action today, then we and our children will have a future worth looking forward to.

6. Colossal risks

Potsdam Institute's director Johan Rockström, used similar language, claiming we are "taking colossal risks with the future of civilization":

We are taking colossal risks with the future of civilization on Earth, we are degrading the life support systems that we all depend on, we are actually pushing the entire Earth system to a point of destabilization, pushing Earth outside of the state that has supported civilization since we left the last Ice Age 10,000 years ago.

7. Rain bombs

"Colossal risks" like... rain bombs? We didn't make that up. Ask Al Gore:

That’s what’s boiling the oceans, creating these atmospheric rivers, and the rain bombs.

Courtesy of the World Economic Forum

8. Survival comes down to this

How do we secure our survival? According to UN Secretary-General Antonio Guterres, we have to "end our addiction to fossil fuels." This entails wiping out our entire energy industry, displacing millions of workers, and relying on global governments to usher in a new green industry. In his words:

So, we need to act together to close the emissions gap, and that means to phase out progressively coal and supercharge the renewable revolution, to end the addiction to fossil fuels, and to stop our self-defeating war on nature.

9. Complete transformation

It isn't hyperbolic to argue that the globalist climate goals will completely transform the world economy. Even EU Commission President Ursula von der Leyen admitted:

The net-zero transformation is already causing huge industrial, economic and geopolitical shifts – by far the quickest and the most pronounced in our lifetime. It is changing the nature of work and the shape of our industry.

10. Scientific necessity

Of course, to bring about this "net-zero" transformation, we will have to override small, "political expediencies" like democracy to do what is "scientifically necessary." According to Zurich Insurance Group’s head of sustainability risk John Scott:

We’re living in a world right now where what’s scientifically necessary, and what is politically expedient don’t match.

11. Illegal hate speech

Doing away with "political expediencies" would also require the censorship of dissent, which would likely manifest in hate-speech laws. When asked by Brian Stelter how the discussion of disinformation relates to everything else happening today in Davos, European Commission VP Věra Jourová shared this prediction:

Illegal hate speech, which you will have soon also in the U.S. I think that we have a strong reason why we have this in the criminal law.

12. Climate first

We will also have to forego national interests on the international stage. America won't be able to advocate for policies and interests that benefit Americans. Instead, we will sacrifice national interests for the sake of global climate interests. French economy minister Bruno Le Maire said:

The key question is not China First, US First, Europe First. The key question for all of us is Climate First.

13. The role of war

We can also expect globalist leaders to use crises, like the war in Ukraine, to expedite the "net-zero transformation." Chancellor of Germany Olaf Scholz said:

Ultimately, our goal of achieving carbon neutrality by 2045 has been given an additional boost by Putin’s war. Now we have even more cause to move away from fossil fuels.

14. Blame game

Globalist leaders will continue to blame ALL of the crises in our society on climate change to justify the "net-zero transition," from the energy shortage to "mistrust, selfishness [and] xenophobia." Prime Minister of Spain Pedro Sanchez said:

Our present struggle is not only against Putin or the energy shortage. It is also against fear, mistrust, selfishness, xenophobia, and environmental disaster. And its outcome will define life in the West and beyond for decades to come.

15. Sacrifice for the greater good

While we sacrifice our national interests for the sake of the "greater global good," we can expect our foreign enemies, like China, to benefit. Suisse Chairman Axel Lehmann said:

The growth forecasts now for China is 4.5%. I would not personally be surprised when that would be topped.

Conclusion

Glenn has been clear about the distinction between wanting to transition to green practices on your own accord and being forced into that transition by globalist, unelected elites. Leaders at Davos will continue to use alarmist language to justify their crackdown on democracy and freedom to bring about their leftist utopia. We have to cut through the alarmist language and in order to protect our freedoms.

Glenn has focused on exposing the dark side of the gender movements waging our culture war, and now, there's a new "trend" emerging as an offshoot to the transgender movement. A growing online community, particularly of men, who consider themselves "involuntarily celibate" or "incels" believe they can live a better life as a trans woman. Why? This community purports the world is rigged against men, particularly against traditionally "unattractive men." What's the solution? Stop being a man...

Incel or "involutarily celibate" communities have existed online in the dark corners of Reddit and Discord for years. The groups are marked by a hatred towards women, blaming them for rigging the world in their favor and denying them of sex. Several members of this growing community have been responsible for large acts of violence, most notably Alek Minassian, who killed 10 and injured 16 after driving a van into a busy area of Toronto in 2021.

However, the transgender movement has presented a new option for incel members: if you can't beat 'em, join 'em... or, in the Transmaxxers' case, "become them."

The online Transmaxxer's Manifesto says, “Since females have the upper hand on the dating market, transitioning from male to female will usually improve your options when it comes to getting sex.” According to the manifesto, transitioning to female not only opens up a different pool of sexual partners, but moreover, you gain access to female-only spaces and are “able to extract resources from males.”

“Since females have the upper hand on the dating market, transitioning from male to female will usually improve your options when it comes to getting sex.”

Another member wrote, "If you do not currently feel like living as a female you might have to work on fixing that ... Identifying as male or being emotionally attached to a male body is bad for you if being male results in you living a bad life.”

This new movement is significant because it is in stark contrast to the mainstream narrative that "transgenderism" is an innate quality. Now, it can be an "option" people choose for social advantage. A moderator going by the alias “Vintologi” on the Transmaxxing Discord server, which boasts over 1,200 members, told The Daily Caller:

Transmaxxing is about transitioning for personal gain rather than focusing on things like "gender identity." ... What matters when it comes to medical transition is whether or not said transition would actually be beneficial, thus the extent to which gender identity is innate does not inform us much regarding when medical transition is appropriate.

One incel member on Reddit lamented that he can't Transmaxx to "have sex with white trans women" and to have "all the benefits of [being] female."

Transmaxxing sheds light on a concerning issue as an increasing number of people, particularly the youth, identify as "transgender." What used to be considered as a "finge case" is now being seen as a social advantage. Glenn recently sat down with de-transitioner Chloe Cole, and the amount of pressure she experienced to become a transgender man AS A TEENAGER was ASTOUNDING. She discussed the new community, friendships, and affirmation she gained when she started her transition journey, and she lost ALL of those social perks when she began de-transitioning. She exchanged affirmation for death-threats, friendships for stone-cold silence.

Transmaxxing is a very specific example of a larger movement that is deeply concerning. Not only is the thansgender ideology problematic on its own merits, but now, we are seeing a rise of a distinction of "social advantage" based on gender affiliation. This is deviating away from the original notion that transgenderism is an innate quality. Now, many consider it more "socially advantageous" to identify as transgender than with your biological gender.

At the same time President Biden's misplaced classified documents were sitting in his house, garage, and office at the Penn Biden Center, a whole lot of Chinese money was flowing around him. Is this just a coincidence, or did the Chinese get anything in return? Investigative journalist John Solomon joins to break down what was going on here ...

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