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

According to Liz Truss, the UK's economy has been experiencing stagnation for decades, primarily due to the lack of a stable currency and the devaluation of the pound caused by inflation and excessive money printing. Truss, who served as prime minister for 45 days in 2022, believes that the country's 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 been a proponent of it ever since. Truss argues that the absence of meaningful discussions around monetary policy in academia and government has become 'sinister' and that the current system is designed to increase centralized control and limit financial independence. She warns that the economy is on a 'very negative trajectory' due to weak growth, rising state control, and poor monetary policy, resulting in a decline in living standards. Truss also reflects on the controversy surrounding her mini-budget, which she believes exposed underlying weaknesses in the system rather than causing them. She is now focused on building a political movement, including the CPAC UK conference, aimed at promoting sovereignty and liberty. Truss emphasizes the need for change, stating that the country must either accept its decline or work towards reform.