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

The UK's former Prime Minister, Liz Truss, has expressed concerns over the country's stagnant economy, attributing many problems to a lack of sound monetary policy and the devaluation of the currency due to inflation and excessive money printing. Truss, who served as Prime Minister for 45 days in 2022, believes the current financial situation has strengthened her interest in bitcoin, which she views as a potential tool against currency devaluation. She first encountered bitcoin during her time at the Treasury and has since become "very interested" in the cryptocurrency. Truss argues that the absence of meaningful debates around monetary policy in academia and government has become "sinister" and that discussions about money have become a taboo topic. For Truss, bitcoin represents a broader concern about centralization and control, and she warns that the current system is designed to increase centralized control and limit financial independence. She believes the economy is on a "very negative trajectory" and that the country faces long-term decline driven by weak growth, rising state control, and failed monetary policy. Truss also reflects on the fallout from the 2022 mini-budget, maintaining that the resulting market turmoil exposed existing fragilities rather than causing them. Now, she is focused on building a political movement, including the CPAC UK conference, aimed at bringing together activists, entrepreneurs, and voices from the "sovereignty and liberty" movement to drive change.