Paul Joseph Watson
Prison Planet
Thursday, May 15, 2008

Globalists hell-bent on reducing the living standards of westerners by jacking up oil prices to a whopping $200 dollars a barrel took a step closer to their target yesterday after JPMorgan Chase & Co announced that they will begin trading oil by the end of the year.

"JPMorgan Chase & Co will begin trading physical oil by year-end, increasing its exposure in a market that could rise to $200 a barrel, the bank’s global head of commodities said on Wednesday," reports Reuters.

"The bank plans to expand in commodities and energy trading, Blythe Masters said, despite expectations of job cuts in other areas as it prepares to take on staff from Bear Stearns at the same time it deals with turbulent financial markets."

"Oil rising to $200? It could happen. This year? You could see it, although it would take a further shock to expectations," Masters said.

"Supply disruptions, geopolitical events, increased demand for refined products, weather, additional investor inflows driven by shifting inflation expectations — they could all contribute to high oil prices," she added.

In a related story, Bank of England Governor Mervyn King warned that families should expect "a sharp fall in living standards" as rising food prices and inflation squeeze whatever disposable income Britons have left in the wake of crippling debts and a housing market in crisis.

A report by Goldman Sachs Group Inc. earlier this month forecasted that oil prices will reach $150 to $200 dollars a barrel within 2 years, a figure in line with the ultra-elite Bilderberg’s plans to squeeze the middle class and lower the living standards of westerners.

As we previously reported, The ultra-secretive Bilderberg Group, a consortium of power brokers from banking, business, politics, academia and oil, met in Munich Germany in May 2005 when crude oil prices were around the $40 a barrel mark.

During the conference, Henry Kissinger told his fellow attendees that the elite had resolved to ensure that oil prices would double over the course of the next 12-24 months, which is exactly what happened.

During their 2006 meeting in Ottawa Canada, Bilderberg agreed to push for $105 a barrel before the end of 2008. This information was gleaned from sources inside Bilderberg who have proven reliable in the past. That figure has already been surpassed by $21 dollars as oil shot up past $126 dollars a barrel this week.

If anything, the plan to hike oil prices up to $200 is on an accelerated course. Far from having a crystal ball that allows us to divine the future, we were able to accurately predict the soaring cost of oil by simply listening to what the power brokers themselves were saying, albeit through moles that managed to infiltrate Bilderberg meetings and obtain the information.

As we have documented, Bilderberg have sworn to bring about what Jose Barroso, President of the European Commission and a Bilderberg member, refers to as the "post-industrial revolution," which in layman’s terms translates as a global economic crash, another great depression and the total evisceration of the middle class by means of a drastic hike in the cost of living.

The fact that oil prices have tracked Bilderberg’s targets almost precisely over the past three years offers further proof to debunk the notion that the annual Bilderberg conference is a mere talking shop where no policy is set, as former Kissinger and Associates managing director David J. Rothkopf claimed on the Alex Jones Show earlier this month.

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