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 currency due to inflation and excessive money printing. Truss, who served as Prime Minister for 45 days in 2022, believes the current economic 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 mentioned it to stimulate discussion. Truss has expressed concern over the centralization of control and the limitations on financial independence imposed by regulation and taxation, positioning bitcoin as a means to counter this trend. According to Truss, the economy is on a 'very negative trajectory,' driven by weak growth, increasing state control, and the failure of monetary policy. She warns that the country faces long-term decline, with high taxes, regulation, and energy costs discouraging entrepreneurship. 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.