'RealMoney' Radio Recap: It Should Happen Like This

"We all know the start of the year is the best time for crystal-ball gazing," Jim Cramer told his "RealMoney" radio show listeners on Wednesday, so he gave them his five predictions for what should happen in 2006.

For starters, General Motors(GM) will have to file for bankruptcy, despite a J.P. Morgan report saying that the automaker's cash flow is good enough to keep it afloat, Cramer said.

He said that given the company's obligations vs. the money it has coming in, the smartest thing the automaker can do is file for bankruptcy like the many coal, steel and textile companies of yore.

"So if you're in GM," he told his listeners, "think again."

His second prediction was that Citigroup(C) will merge with Goldman Sachs(GS).

This should happen because after regulators cleaned house at Citigroup, it left the bank with a bunch of lawyers at the top and the revenue producers out the door.

Cramer said that by buying Goldman, Citigroup would nab top-notch bankers at a company that sells at too low a price-to-earnings ratio.

He also said that Comcast(CMCSA) should buy CBS(CBS), which has been spun off from Viacom(VIA), because it represents a fabulous brand with proprietary content.

Comcast is in a tug of war with cable, phone and satellite dish companies, and Cramer said that having proprietary content will allow it to put many of these struggles at rest.

He said that Rupert Murdoch could buy the Wall Street Journal, because the changes made at the top of Dow Jones(DJ) have not done well.

"It's a great provider of newspaper content, but it's not branching out that well into the Web or TV," he said. "Just being the best in print isn't enough anymore."

Cramer said Murdoch wanted the company a few years ago for $70, and now he can get it for $50. Shares of Dow Jones traded recently on Wednesday at $39.06.