Topic: Financial Center

During a state visit to the UK, Chinese President Xi Jinping attended a banquet in the City of London, a separate city-state within the UK capital. The visit focused on establishing London as a leading offshore center for trading the Chinese currency, the renminbi. The hosts discuss the "shadow government" nature of the City of London and suggest that global financiers are looking for alternatives to the U.S. dollar.

The hosts examine the staff of the Demos think tank, noting connections to The Financial Times. They criticize the Demos report for dismissing the film "Loose Change" and 9/11 skepticism without addressing specific anomalies like the collapse of World Trade Center 7. They argue the initiative is a "money grab" to fund government-approved curriculum.

Joe Biden's recorded comment about Barack Obama being "tested" by an orchestrated international crisis is analyzed. Dvorak introduces his theory of an eight-year cycle of major attacks, citing the 1993 World Trade Center bombing and the September 11 attacks. However, Dvorak predicts the next "attack" in 2009 will be financial rather than physical, involving a reset of the global reserve currency and a devaluation of the U.S. dollar.