Cramer's 'Mad Money' Recap: Foreign-Stock Policy

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Although the U.S. has the only "government that is of, by and for the corporations," Jim Cramer told viewers of his "Mad Money" TV show Monday that he blesses market-players who dedicate up to 20% of their portfolios to international companies.

"The best reason to go overseas is that we stop being hostage" to what the Federal Reserve might or might not do, he said.

And even though investors might see bumpiness in a few of the emerging markets, such as Brazil, Cramer said there was no need to fear them.

He said he prefers Brazil-based Companhia Vale do Rio Doce (RIO Quote) as the single best play in the mining group, rather than BHP Billiton (BHP Quote) and Rio Tinto (RTP Quote).

One of the main reasons Cramer likes CVRD, he said, is because it recently acquired Canada-based Inco. The deal represents "the best in anticompetitive behavior" as CRVD was able to obtain a "hammerlock on nickel," he said.

Because Cramer believes that the acquisition has turned a competitive market into a near monopoly, he called CRVD a "mineral powerhouse."

He also said that because of CVRD's new Canadian exposure, investors can exempt the stock from his general rule of treating Latin American stocks as trades.

Not only is CRVD "dirt cheap," but if nickel prices increase, it could also be a "real winner," Cramer said, adding that he sees "endless upgrades" on the horizon for CRVD.