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 the pound due to inflation and excessive money printing. Truss, who served as Prime Minister for 45 days in 2022, has expressed her interest in bitcoin, which she believes can help mitigate the effects of currency devaluation. She first encountered bitcoin during her time at the Treasury and has been a proponent of it since. Truss argues that the lack of discussion 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 failed monetary policy, resulting in a decline in the standard of living. Truss also reflects on the controversy surrounding her 2022 mini-budget, which she believes exposed underlying fragilities in the system rather than causing them. She is now focused on building a political movement, including the CPAC UK conference, to bring together like-minded individuals and drive economic reform.