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

According to Liz Truss, the UK's economy has been in a state of stagnation for decades, with many problems stemming from a lack of sound monetary policy and the devaluation of the currency due to inflation and excessive money printing. Truss, who briefly served as Prime Minister in 2022, has become increasingly interested in bitcoin, viewing it as a potential hedge against currency devaluation. She first encountered bitcoin during her time at the Treasury, where she mentioned it to stimulate discussion. Truss believes that the erosion of the pound's value is a significant issue, and the absence of meaningful debate around monetary policy in academia and government has become 'sinister.' Truss warns that the current system is designed to increase centralized control and limit financial independence, with bitcoin representing a pushback against this trend. The UK economy, she claims, is on a 'very negative trajectory,' with long-term decline driven by weak growth, rising state control, and failed monetary policy. High taxes, regulation, and energy costs discourage entrepreneurship, making the risk often not worth the reward. Truss reflects on the market turmoil following the 2022 mini-budget, arguing that it exposed underlying fragilities rather than causing them. She is now focused on building a political movement, including the CPAC UK conference, which aims to bring together activists, entrepreneurs, and voices from the 'sovereignty and liberty' movement to drive change. Truss frames the stakes as a choice between accepting the status quo or driving reform, stating 'either we're finished or we change it.'