The French Finance Minister Bruno Le Maire criticized Facebook's planned Libra cryptocurrency. He said Libra should not be seen as a replacement for traditional currencies and that it cannot become a sovereign currency. Le Maire believes national currencies' status as sovereign money should be maintained and that Libra could undermine this if used widely as a substitute for national currencies. The document also discusses issues related to inflation, money printing, and how cryptocurrencies could impact workers' salaries and buying power over time.

1. USD Project.com
vs.Facebook’s Libra cryptocurrency
French Finance Minister
Bruno Le Maire

2. USD Project.com
“
Facebook’s Libra cryptocurrency
French Finance Minister
Bruno Le Maire
the digital currency known as
Libra shouldn’t be seen as a
replacement for traditional
currencies.
Bruno Le Maire said,
“

3. USD Project.com
Facebook’s Libra cryptocurrency
French Finance Minister
Bruno Le Maire
“It is out of question’’ that Libra
“become a sovereign currency,’’
“It can’t and it must not happen.”
Le Maire then said,

4. USD Project.com
Facebook’s Libra cryptocurrency
French Finance Minister
Bruno Le Maire
“It is out of question’’ that Libra
“become a sovereign currency,’’
“It can’t and it must not happen.”
Le Maire then said,

5. The Issue:
Inflation
vs.
Money Printing
vs.
Cryptocurrency
Facebook’s Libra cryptocurrency

6. The USD Project works to protect workers.
Workers get a “FORCED PAY DECREASE”
when inflation happens.
The USD Project works to save workers by education with:
Inflation vs. Money Printing vs. Cryptocurrency

7. Meet workers
$20 / hour
equals
$41,600 / year

8. Salary
2019 20292020 2021 2022 2023 2024 2025 2026 2027 2028
Salary
$41,600
Living Costs
$98,482
Salary
$41,600
Living Costs
$41,600
9% inflation
year over year
136%
increase in living costs

9. Facebook’s Libra cryptocurrency

10. 100% in
My nations currency
100% in
Facebook Libra

11. Then that nation has
HIGH Inflation
because of a lot of
Money Printing
Buying power drops to 50% in this illustration

12. 50% LOST
in buying power
16% LOST
in buying power

13. Crypto-currency &
USDProject.com/Taxes
Go to
Taxes

14. USD Project