Move everything to SD card on Android Virtual Device (Emulator)

I need to do a strange task. I want to move whole android system to external SD card on Android Virtual Device. I need to do this, because android emulator, emulates SD commands, only for external card image. And I want to get SD commands trace, during Android Virtual Device usage. To be more precise: I want to move at least /system and /data folders to external storage. In such way, that system could still work fine =) Thank You!