'RealMoney' Radio Recap: Market Madness

Finally, he said, corporate America is less corrupt, and that will help fuel a bull market. As an analyst, "I thought there was more corruption in our markets between 1999 and 2002 than any other market in the world," he said.

If you believe the books are cooked and you can't trust the earnings or the executives, it's hard to make a judgment about a market.

But now we're putting major executives in jail, he said. When they just had to pay fines, they didn't care, but once they have to go to prison it becomes too expensive to lie anymore, said Cramer.

A Bonding Experience

If you find yourself short on cash, already in debt and you need more money to pay the bills, it's very unlikely you'll get anyone to loan you money, Cramer said. But that's what our government, "the biggest deadbeat in the world," just did.

The government is constantly running out of money, so it does what it does best, he said, and just got Congress to raise the debt limit to $9 trillion.

When I see that, I see a way to make money, Cramer said.

Now that the government can borrow more money, it will do so by issuing bonds, he said.

Uncle Sam says that "if you give me $1,000, then I'll give it back in 10 years with 6% interest," Cramer said. That's a 10-year bond.

So, it's time to buy shares in the companies that trade those bonds, and he said it's essential to understand that the bond business is an amazing and profitable business.

Brokers buy them from the government, and then, like a retail store, they mark them up and resell them to others.

Big institutions, like company pension plans, need to buy hundreds of millions of dollars to fund their pensions, he said. And when he sold bonds, he said he took a commission on every bond.