Since 1971, Your Money Has Lost 95% of Its Value

Since 1971, Your Money Has Lost 95% of Its Value

April 29, 2026 · 29 min

About this episode

Liz Truss and Jordan Walker discuss the decline of the British economy since the abandonment of the gold standard and the implications of fiat currency.

On this episode of The The Liz Truss Show, Liz Truss is joined by Jordan Walker, founder of the Bitcoin Collective, to examine what has gone wrong with Britain’s economy — and why the problem may lie at the very core of our monetary system. Since the UK abandoned the gold standard in 1971, the pound has steadily lost purchasing power, with inflation, asset price inflation, and widening inequality reshaping the economic landscape. For younger generations, the traditional path — education, work, home ownership — is becoming increasingly out of reach. This conversation explores: How fiat currency and central bank policy have reshaped the economy The real impact of quantitative easing and money supply expansion Why housing affordability has collapsed for younger generations The lack of scrutiny around monetary policy in mainstream media How Bitcoin introduces scarcity and challenges state control of money Why businesses — not governments — may drive financial change As debate grows over the role of the state, economic growth, and financial freedom, this episode asks a fundamental question: Is the system broken — or is it working exactly as designed? bitcoin uk, britain economy…

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