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%

ive versus Passive Foreign Reserve Diversification, October 21.2009 A Recovery in Global Trade could Push Oil to US$87, October I5, 2009. Return of the Global Savings Glut, Stephen Jen. August 27, 2009. Falling into the Gutter of the Dollar Smile, Stephen Jen, August 14, 2009. GBP/USD and USDJPY to Rise with Equities,

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%

ive versus Passive Foreign Reserve Diversification, October 21.2009 A Recovery in Global Trade could Push Oil to US$87, October I5, 2009. Return of the Global Savings Glut, Stephen Jen. August 27, 2009. Falling into the Gutter of the Dollar Smile, Stephen Jen, August 14, 2009. GBP/USD and USDJPY to Rise with Equities,

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%

ve versus Passive Foreign Reserve Diversification. October 21, 2009 A Recovery in Global Trade could Push Oil to USS87. October IS, 2009. Return of the Global Savings Glut, Stephen Jcn, August 27, 2009. Falling into the Gutter of the Dollar Smile, Stephen Jen, August 14. 2009. GBP/USD and USDJPY to Rise with Equities,