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 stagnant for decades due to a lack of sound monetary policies and the devaluation of its currency. Truss, who served as Prime Minister for 45 days in 2022, believes that many of the economic problems stem from the erosion of the pound's value caused by inflation and excessive money printing. Her interest in bitcoin was strengthened by the country's financial situation, which she thinks can be addressed by the cryptocurrency. Truss first learned about bitcoin during her time at the Treasury and has been a proponent of it ever since. She argues that the absence of meaningful discussions around monetary policy in academia and government has become 'sinister' and that bitcoin can help counter the trend of centralized control and promote financial independence. Truss warns that the economy is on a 'very negative trajectory' due to weak growth, rising state control, and failed monetary policies, resulting in a decline in the standard of living. She also reflects on the controversy surrounding her mini-budget, which she believes exposed underlying weaknesses in the system rather than causing them. Truss is now focused on building a movement to drive change, including the CPAC UK conference, which aims to bring together like-minded individuals to promote sovereignty and liberty.