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 economic stagnation, attributing many problems to the lack of a stable currency 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 strengthened her interest in bitcoin, viewing it as a potential hedge against currency devaluation. Her interest in bitcoin began when she worked at the Treasury, where she first mentioned it to stimulate discussion. Truss argues that the debasement of the currency and the absence of sound monetary policies have led to the country's economic woes. She believes that the current system is designed to increase centralized control, limiting financial independence through regulation and taxation, and sees bitcoin as part of a broader movement against this trend. According to Truss, the UK economy is on a 'very negative trajectory,' with the country facing long-term decline due to weak growth, rising state control, and failed monetary policies. Truss points to high taxes, regulation, and energy costs as significant disincentives for entrepreneurs, resulting in a decline in the country's prosperity. Reflecting on the market turmoil following the 2022 mini-budget, Truss maintains that it exposed underlying vulnerabilities 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.