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 of its problems to a lack of sound monetary policy and the devaluation of its currency due to inflation and excessive money printing. Truss, who briefly led the Conservative government in 2022, has become increasingly interested in bitcoin, viewing it as a potential hedge against currency devaluation. She first encountered bitcoin during her tenure at the Treasury, where she mentioned it to 'stir things up.' Truss believes that the lack of meaningful discussions around monetary policy in academia and government has become 'sinister' and that bitcoin represents a pushback against centralized control and a decline in financial independence. According to Truss, the UK's economy is on a 'very negative trajectory,' driven by weak growth, rising state control, and failed monetary policies, leading to a decline in entrepreneurship due to high taxes, regulations, and energy costs. She reflects on the market turmoil following the 2022 mini-budget, arguing that it exposed underlying fragilities rather than causing them. Truss is now focused on building a political movement, including the CPAC UK conference, aimed at promoting sovereignty and liberty. She emphasizes the need for change, stating that the country must either accept its decline or work towards reform.