"No One Believes This Is Sustainable”: E.J. Antoni On Why Rates Continue To Skyrocket

E.J. Antoni economist and research fellow at Heritage Institute joins Steve Bannon’s WarRoom to discuss the global economy reacting to the financial collapse of the United States. Antoni blasts the White House and congress for having "zero financial discipline,” as twenty and thirty year bonds continue to tick higher and investors lose trust. Long term rates are rising as a result of the realization that the government cannot pay back their debt at the current trends. Antoni predicts that eventually people will wash their hands of the United States sovereign debt market.