Epstein Secrets

1/ % of Total Possible 2/ C8 Portfolio CB Reserves 3/ Top-8 All EUR Total 11,321 100% 1,550 3,000 GER 1,508 13.3% 35.0% 543 1,050 PIIGS Total 3,909 34.5% 30.0% 465 900 POR 182 1.6% 1.4% 22 42 IRE 135 1.2% 1.0% 16 31 ITA 2,567 22.7% 19.7% 305 591 GRE 428 3.8% 3.3%

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR, April 13, 2010 Will Greece be the Next Argentina? April 9, 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,

1/ % of Total Possible 2/ C8 Portfolio CB Reserves 3/ Top-8 All EUR Total 11,321 100% 1,550 3,000 GER 1,508 13.3% 35.0% 543 1,050 PIIGS Total 3,909 34.5% 30.0% 465 900 POR 182 1.6% 1.4% 22 42 IRE 135 1.2% 1.0% 16 31 ITA 2,567 22.7% 19.7% 305 591 GRE 428 3.8% 3.3%

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR, April 13, 2010 Will Greece be the Next Argentina? April 9, 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,

t 1/ % of Total Possible 2/ CB Portfolio CB Reserves 3/ Top-8 All EUR Total 11,321 100% 1,550 3,000 GER 1,508 13.3% 35.0% 543 1,050 PIIGS Total 3,909 34.5% 30.0% 465 900 POR 182 1.6% 1.4% 22 42 IRE 135 1.2% 1.0% 16 31 ITA 2,567 22.7% 19.7% 305 591 GRE 428 3.8% 3.3%

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR. April 13, 2010 Will Greece be the Next Argentina? April 9. 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,