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

The UK's former Prime Minister, Liz Truss, has stated that the country's economy has been experiencing 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 served as Prime Minister for 45 days in 2022, believes the current financial situation has strengthened her interest in bitcoin, which she views as a potential hedge against currency devaluation. She first encountered bitcoin during her time at the Treasury and has since become 'very interested' in the cryptocurrency. Truss argues that the lack of debate around monetary policy in academia and government has become 'sinister' and that discussions about it have become taboo, despite its crucial role in shaping economic outcomes. She warns that the current system is designed to increase centralized control and limit financial independence, and positions bitcoin as a means of pushing back against this trend. Truss believes the economy is on a 'very negative trajectory,' driven by weak growth, rising state control, and poor monetary policy decisions. She points to high taxes, regulation, and energy costs as major disincentives for entrepreneurs, resulting in a decline in the country's wealth. Reflecting on the market turmoil that followed the 2022 mini-budget, Truss maintains that it exposed underlying fragilities in the system 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 current situation or driving reform, stating 'either we're finished or we change it.'