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, 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 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 many of the UK's economic problems stem from the debasement of its currency and the lack of sound monetary policy, which has led to a decline in financial independence and an increase in centralized control. She warns that 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 market turmoil that followed the 2022 mini-budget, arguing that it exposed underlying fragilities in the system 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 to drive economic reform and change the country's economic trajectory.