Ex-UK Prime Minister Warns of Economic Downturn, Sees Promise in Bitcoin

The UK's former Prime Minister, Liz Truss, has expressed concerns over the country's economic stagnation, attributing many of its problems to a lack of sound monetary policy and the devaluation of its currency due to inflation and excessive money printing. Truss, who served as Prime Minister for 45 days 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 worked for about two years until July 2019. Truss believes that the lack of meaningful discussion around monetary policy in academia and government has become 'sinister' and that bitcoin represents a move towards decentralization and financial independence. She warns that the current economic system is headed in a 'very negative trajectory', driven by weak growth, rising state control, and poor monetary policy decisions. Truss also reflects on the controversy surrounding her mini-budget, arguing that it exposed underlying weaknesses in the system rather than creating them. She is now focused on building a movement, including the CPAC UK conference, aimed at promoting sovereignty and liberty, and sees bitcoin as part of a broader pushback against centralized control.