Ex-UK PM Warns of Economy's Downward Spiral, Backs Bitcoin

The UK's former Prime Minister, Liz Truss, has expressed concerns over the country's stagnant economy, attributing many of its problems to a lack of stable currency and the devaluation of the pound due to inflation and excessive money printing. Truss, who briefly led the Conservative government in 2022, has become increasingly interested in bitcoin, viewing it as a potential solution to currency devaluation. She first encountered bitcoin during her time at the Treasury and has since become a vocal supporter, recognizing its potential to counteract the erosion of currency value. Truss believes that the absence of meaningful discussions around monetary policy has become a significant issue, with the topic being largely avoided in government and academic circles. She argues that the current system is designed to increase centralized control, limiting financial independence through regulation and taxation, and sees bitcoin as a way to push back against this trend. According to Truss, the UK's economy is on a 'very negative trajectory,' with the country facing long-term decline due to weak growth, rising state control, and failed monetary policies. She warns that the UK is becoming increasingly unattractive to entrepreneurs, with high taxes, regulation, and energy costs creating a significant disincentive to work. Truss also reflects on the market turmoil that followed the 2022 mini-budget, suggesting that it exposed underlying fragilities in the system rather than causing them. Outside of government, Truss is now focused on building a political movement, including the CPAC UK conference, which aims to bring together activists, entrepreneurs, and like-minded individuals to drive economic reform and promote sovereignty and liberty. Truss emphasizes the need for a movement that understands the problems facing the UK, framing the stakes as a choice between accepting the status quo or driving change.