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, 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, expressed her interest in bitcoin, which she believes could serve as a hedge against currency devaluation. She first learned about bitcoin during her time at the Treasury and had mentioned it to stimulate discussion. Truss argued that the lack of meaningful debate around monetary policy in academia and government has become 'sinister' and that discussions about it have become taboo. She warned that the current system is designed to increase centralized control and limit financial independence through regulation and taxation, positioning bitcoin as a means to counter this trend. According to Truss, the economy is on a 'very negative trajectory,' with the country facing long-term decline due to weak growth, rising state control, and failed monetary policy. She pointed to high taxes, regulation, and energy costs as major disincentives for entrepreneurs, resulting in a decline in the country's wealth. Truss reflected on the market turmoil that followed 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. Truss emphasized the need for a movement to address the country's problems, stating that there are only two options: either the country is 'finished' or it must change.