there the embodiment of a 20th century artists, colony the buildings in weimar des, south and been out stand for the advent of classical modernism, which started here and spread its influence round the world. in 1996 the luther memorials and isolated and written beg, received the blessings of unesco as a world heritage site. they memorize the life than the work of martin luther and his fellow reformer, felipe milan stone who are credited with sparking the reformation and changing world history among the memorial sites in iceland or the houses where luther was born and died in britain bag are melon tones house luther's home of many years, and the august him where he taught his students other memorial sites include written bags, castle church, where luther preached for over 30 years. ah, the journey now takes us south to classical vi mom, a world cultural heritage site since 1998. in the 18th and 19th centuries, weimar blossomed into an oasis of germany's intellectual life. drawing such poets and scholars as gutter and schiller. now, many of the buildings and parks here recall vy, mas go

our drone takes us across the country to the bough house sites and weimar debts out and ban. now, in the years from 1919 to 1933, the bow house art school revolutionized architectural and artistic thinking and practice world wide. the bow house as history begins and vine mom. here in 1919, provides a copious was appointed director of the brand do call, saxon school of arts and crafts. he merged it with the academy of fine arts to form the bow house. his idea was to bring art and crafts together. the result was an entirely new design language of color and form straight lines, right angles, and devoid of decoration. revolutionary for the time. in 1925 bow house moved into a new school building and des, south hope, pathetic group has said that the building itself is everything. the building is architecture. this architecture is itself sculpture and is painting. that means you don't have to hang any more pictures on the wall and the below me on the one to the master's houses were built for the professors near the school there the embodiment of a 20th century artists, colony the b

the thriving and sophisticated weimar republic.a proud and advanced democracy with a state of the art constitution. women's suffrage. and a hundred years ago, a strong gay rights movement. but in a few short years, all of it was gone. adolf hitler came to power. >> in the crucial presidential campaign, every vote counts. >> by killing democracy from within. >> his first cabinet speech. >> he was enabled, crucially, by germany's conservative establishment that tried to use him, underestimated him. >> hitler assumed dictatorial powers. >> and eventually was destroyed by him. >> the responsibility of the conservative leaders was massive. >> the german republic was dead. >> hitler's rise is the most deadly example of a chilling pattern. >> mussolini, hailed by his compatriots as a genius of italy. >> political insiders willingly giving power. to a charismatic strongman. and the scholars who wrote "how democracies die" worry. >> the time for action has come. >> that this pattern may be repeating itself in america. >> i alone can fix it.

ah, the journey now takes us south to classical weimar, a world cultural heritage site since 1998. in the 18th and 19th centuries, weimar blossomed into an oasis of germany's intellectual life. drawing such poets and scholars as gutter and schiller. now, many of the buildings and parts here recall vy, mas golden age. ah, and in 1999, the world's cultural heritage title arrived for berlin's museum island, the world's largest museum ensemble with 5 world class exhibition buildings. the alton that's anal galaxy, the pur gammon museum, the border museum and the noise and the altus museum. these museums safeguard treasures from 6000 years of human history. in particular, art of the 19th century and archaeological collections. mm. no castle has played so pivotal a role in german history as the vot burge near eyes. enough, it's cultural and historical significance wanted the world cultural heritage title the same year as did the museum island in the 12th century. the vot berg was famed far and wide for the courts. patronage of the fine arts poets and the minstrels contest it resonated wit

but weimar's death highlights a death for all democracies, specifically the way conservative elites, out of power, align themselves with an anti-democratic demagogue. the story in germany began with a big lie. after the nation was defeated in world war i, a baseless right wing conspiracy theory was born, that the military had not lost in battle. >> states men assembled to draw up the peace treaty. >> but was forced to surrender by treacherous right wing politicians. >> it was called the stab in the back. >> a young adolf hitler eagerly embraced this conspiracy theory. >> he blamed the men who had signed the peace. >> and used it to come to national attention. >> adolf hitler calls for action. >> he tried to seize power by force in a coup. >> in this munich beer hall, he proclaims a national revolution. >> but his beer hall putsch was a spectacular failure. hitler went to prison, wrote "mein kampf," and learned ann a valuable lesson. >> it is far less likely that a leader will come to power by seizing it militarily. it is far more likely that democracies die at the hands of elected pr

what was blamed in weimar germany, where the, the farmers that the farmers were greedy and they were charging so much for all this food. and you had the same situation recently with elizabeth warren also blaming. suddenly after decades of the ceo of these companies became uniquely some how super greedy and they're charging too much and they want to investigate, meet producers and they want to investigate all of the same thing happens every time that of course that happened in venezuela, it's happened did argentina every time this a hyperinflation area period. they start to blame the producers, the people who are actually like, you know, processing the meat for you suddenly they get blamed because somehow they're the cause, not the money printing. and we're heading into a mid term election, a very important election. the poll numbers for bite in are collapsing faster, then prices are rising or probably equal. there's probably some correlation between the 2. so here is a interesting take and some indications coming out of the white house about this. this is from steve forbes. so he is

the thriving and sophisticated cri weimar republic., women's suffrage and 100 years ago a strong gay rights movement. ♪ but in a few short years, all of it was gone. adolf hitler came to president. >> the most crucial presidential campaign every vote counts. >> by killing democracy from within. he was enabled crucially by germany's conservative establishment. >> von hindenberg installed hitler as their leader. >> that tried to use him, underestimated him. >> hitler assumed dictatorial powers. >> and eventually was destroyed by him. >> the responsibility of the conservative elites is massive. >> the german republic was dead. >> hitler's rise is the most deadly example of a chilling pattern. >> mussolini, hailed by his compatriots as the genius of italy. >> political insiders willingly giving power to a charismatic strong man and the scholars who wrote "how democracies die" worry. >> the time for action has come. >> that this pattern may be repeating itself in america. >> i alone can fix it. >> establishment republicans. >> i'm pleased t

your thoughts on hedging, when inflation was raging in the weimar republic in germany, farmers converted seemed like a smart thing to do. there was soon too much machinery. the moral of the story, can investors be overhedged, can we go too far? i'm starting to sense some people in a bid always to be ahead of the market might be putting on more risk instead of taking it off? >> yeah. i mean this time around if you look at the commodities markets in particular, we have real supply demand issue. oil's been kind of used over the last year-and-a-half as an inflation hedge, right? but there is greater fundamentals at work here. that's why we haven't seen oil prices come off even though we've seen the market pricing in four to five rate hikes. b-of-a even saying their analyst saying seven rate hikes. charles: yeah. >> so you know, in other words, you know even if the fed does hike i think we'll still see pretty persistent inflation in metals, energy and agriculture regardless which are all the areas that are fueling higher prices for actual consumers. charles: wow. that's intriguing. tracy, tha