Wow, what a ride! After printing $250 the small platform which handles 70% of the global Bitcoin trade blew a fuse. Trading was halted at MtGox due to "overwhelming volume." Many panicked, others proclaimed a conspiracy. Trading has since resumed and the Bitcoin has recovered. The folks at MtGox also stated that the number of new accounts is running triple the pace of last month and that they are creating 'roughly 20,000 new accounts each day.' So two-hundred thousand more people already this month have activated accounts with which they can buy a few bits and experiment with this new form-of-money. It would make sense that all of them will be buyers over the next week or two. In Canada, our friends at Virtex have reported to me personally that there is a three-day stack of new accounts to verify and that their trading volume has doubled from last month. New people, more experiments with the Bitcoin, more education, and many more conversations about this beautiful new currency that cannot be created from thin air. Now add to this crowd of newbies the few thousand people like myself that have tossed in a few hundred bucks thus far and consider themselves 'up' on their Bitcoin position. My guess is many of us will be adding another few bits on this wonderful dip, and probably quite soon (I already have). We 'get' this now!

The so-called Bitcoin "bubble" caused the mainstream media to tell some stories this week, and many of them are very well researched like the recent ones below. Thank-you as well to CNBC, CTV and to CBC Radio for some excellent reporting this week -- millions of people concerned for their money and their freedom might just owe you a BIG thank-you as the global currency wars escalate and fiat money eventually evaporates.

Happy to Help!

If you're curious about Bitcoin I would urge you to give it a whirl. You can activate a Bitcoin wallet in seconds at blockchain.info or at walletbit.com, without a name, ID, or banking information. Next, send me your wallet address (a 30 digit string of code) in an email, and I will send you a few bits. You can then watch and feel how the Bitcoin network validates transactions. It's easy, its fun, and its free. It's money over IP ...

The Fleecing Has Only Begun

We've already covered Cyprus in great detail. That story goes on and is largely ignored by the mainstream press corps; however, Cyprus was just a small prize. There are much bigger fish to fry like you. Spain, Canada, and New Zealand have already adopted specific measures using the 'bail-in' approach to guarantee the solvency of the 'too big to fail and too big to jail' banksters using depositor money.

Sovereign Exchange International Ltd. Steven Merrill, President www.sovereignize.net email: steve@trade-up.ca phone: 778.835.7667

Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.