Ex-UK Prime Minister Warns of Economic Downturn, Expresses Support for Bitcoin

Liz Truss, the UK's former Prime Minister, has stated that the country's economy has been experiencing stagnation for decades, citing a lack of sound monetary policy and the devaluation of the currency as primary causes. Truss, who served as Prime Minister for 45 days in 2022, has expressed interest in bitcoin, which she believes could serve as a hedge against currency devaluation. She first encountered bitcoin during her time at the Treasury and has since become an advocate for its potential to promote economic reform. Truss argues that the current economic system is plagued by centralized control and a lack of financial independence, and that bitcoin could be a key component in the pushback against these trends. She has also warned that the UK economy is on a 'very negative trajectory,' driven by weak growth, rising state control, and poor monetary policy. Truss believes that the country is experiencing a decline in prosperity, with high taxes, regulation, and energy costs discouraging entrepreneurship. She has also reflected on the market turmoil that followed the 2022 mini-budget, arguing that it exposed underlying fragilities in the system rather than causing them. Truss 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.