Ex-UK Prime Minister Warns of Economic Downturn, Expresses Support for Bitcoin

Former UK Prime Minister Liz Truss believes the country's economy has been stagnant for decades, attributing many problems to a lack of sound monetary policy and currency devaluation. Truss, who briefly led a Conservative government in 2022, has become increasingly interested in bitcoin, viewing it as a potential hedge against currency debasement. She first encountered bitcoin during her time at the Treasury and now sees it as part of a broader pushback against centralized control and regulation. Truss argues that the current economic system is geared toward increasing centralized control, limiting financial independence, and stifling entrepreneurship through high taxes, regulation, and energy costs. She warns that the UK is on a 'very negative trajectory,' facing long-term decline driven by weak growth, rising state control, and failed monetary policy. Truss reflects on the market turmoil following the 2022 mini-budget, suggesting it exposed underlying fragilities rather than causing them. She is now focused on building a political movement, including the CPAC UK conference, aimed at bringing together activists, entrepreneurs, and voices from the 'sovereignty and liberty' movement to drive change.