Analysis of Global Temperature Trends, July, 2016, what’s really going on with the Climate?


The analysis and plots shown here are based on the following two data series. First NASA-GISS estimates of a global temperature shown as an anomaly (converted to degrees Celsius) as shown in their table Land Ocean Temperature Index (LOTI) and shown in the following Chart as the red plot labeled NASA. This plot is shown as a twelve month moving average to minimize the large monthly swings and better show trends, the scale for the temperatures is on the left. Second NOAA-ESRL Carbon Dioxide (CO2) values in Parts Per Million (PPM) which are shown in the following Chart as a black plot labeled NOAA. This plot is shown exactly as the data from NOAA is presented and there is no need for a moving average the scale for CO2 is shown on the right.

NASA published data as stated in the first paragraph is shown as an anomaly, but what is a temperature anomaly?  An anomaly is a deviation from some base value normally an average that is fixed. There were two problems with the system that NASA picked which were number one there is no “actual” global temperature and two since climate is a variable there cannot be a real base to measure from. NASA known for its science and engineering expertise back in the day thought it could get around these issues and created a system to do so. First they developed a computer model which took readings from all over the planet and made significant adjustments to them called homogenization and came up with the estimated global temperature. Second they picked the period 1950 to 1980 (30 years) and averaged the values and came up with 14.00 degrees Celsius and make that their base.  Then they took the calculated temperature and subtracted the base from it which gave them the anomaly. The problem is that both the base and the anomaly are arbitrary.

NASA NOAA 01

Now that we have a base to work with we are going to add to the previous Chart three things. The first is a trend line of the growth in CO2 since that is the entire basis for climate change according to the government through NASA and NOAA. That plot is superimposed over the black plot of the actual NOAA CO2 values as the cyan line labeled as the CO2 Model and one can see there is a very good fit to the actual NOAA values so there should be no dispute about its validity.  This plot allows us to make projections as to future global temperatures according to the level of CO2. The second added item is James E. Hansen’s Scenario B data, which is the very core of the IPCC Global Climate models (GCM’s) and which was based on a CO2 sensitivity value of 3.0O Celsius per doubling of CO2. This plot is shown here in lavender and is part of a presentation that Hansen showed to congress in 1988 when the UN was about to set up the International Panel on Climate Change (IPCC) and this plot is labeled as Hansen Scenario B which Hansen stated was the most likely to happen based on his theories’.  The third item is the current plot of the most likely temperature of the planet based on the growth of CO2 published by the IPCC. This plot is shown in Red and is labeled as IPCC AR5 A2 as that is the table where the data was found. This plot is a GCM computer projection of the planets temperature based to the complex relationships developed on the levels of CO2 by the IPCC through NASS and NOAA.

It can be seen in this Chart that the lavender plot and the Hansen plot are very close from 1965 to around 2000 after that, from 2000 to 2014, there is a very large and growing deviation reaching close to .5 degrees Celsius in 2014, which is not an insubstantial number.  Also of note is that there doesn’t seem to be a good correlation between the growth in CO2 and the increase in the planets temperature. The CO2 is going up in a log function and the Temperature was going down in a log function until recently where it reversed and is now going up in a log function. That major change in direction that occurred between 2013 and 2014 is the subject of this paper.

NASA NOAA 02

The next Chart is developed from the raw data from NASS and NOAA as shown in the first Chart.  This plot was made first by adding ten years blocks of temperature and CO2 as indicated in the Chart and diving by 120 to give an average for each.  Then the average Temperature was divided by the average CO2 to give degrees of temperature increase per PPM of CO2. After that was plotted it appeared that there were two different curves the first was from block 1965-1974 through block 2004-2014 shown as Black Dots and the second was from block 1995-2004 through block 2005-2016 shown as Black Dashes. When trend lines were added they were both almost perfect fits to the raw data and so you cannot see the data points very well on the Chart.  These blocks were picked to represent the entire period of time where we had both NASA temperature data and NOAA Co2 levels.

On the following Chart are two sets of color coded information. The first is Cyan plot and the Cyan box with the equation in it along with the R2 value 0f 1.0 are for the first series from block 1965-1974 through block 2004-2014. The other is the Red plot and the Red box with the equation in it along with the R2 value of 1.0 which are for the first series from block 1965-1974 through block 2004-2016. We can speculate on how this change has happened but it cannot be said that the plot change is not real; however additions data over the next few years will be required to actually prove that something has changed.

In summary the Cyan data set indicates a diminishing effect of CO2 on global temperature for about 54 years and the Red data set represents an increasing effect of CO2 on global temperature for the past 2 years. Since both data sets have an R2 value of 1.00 the trend lines cannot be in question.

NASA NOAA 03

Before we get into a possible explanation to the drastic change from the Cyan data to the Red data that occurred in 20014 we need to consider other factors than CO2 on Climate change.  The fault that occurred in the work that was done in the 1980’s was in assuming that there was an optimum or constant global temperature and therefore any change that was being observed was from the increasing amount of CO2 in the atmosphere.  There may have been correlation but it was never proved that there was causation (high R2 value) between CO2 and global temperatures. With that assumption, which limited options, we moved from true science into the realm of political science.  True science has an open mind and finds relationships that work in matching observations with predictions.  Political science changes history and/or facts to match the desires of the politicians. Since the politicians control the money political science is what we get; which means that what we get may not be technically correct.

A decade ago when I started looking at “climate” change the first thing I did was look at geological temperature changes since it is well known that the climate is not a constant; I learned that 52 years ago in my undergrad geology and climatology courses in 1964. The next paragraph explains currently observed patterns in climate related to this subject.

Ignoring the last Ice Age which ended some 11,000 years ago when a good portion of the Northern hemisphere was under miles of ice the following observations give a starting point to any serious study on the subject. First, there is a clear up and down movement in global temperatures with a 1,000 some year cycle going back at least 3,000 to 4,000 years; probably because of the apsidal precession of the earth’s orbit of about 20,000 years for a complete cycle. However about every 10,000 years the seasons are reversed making the winter colder and the summer warmer in the northern hemisphere. 10,000 years from now the seasons will be reversed. Secondly, there are also 60 to 70 year cycles in the Pacific and the Atlantic oceans that are well documented. These are known as the Atlantic MultiDecadal Oscillations (AMO) in the Atlantic and as La Nina and El Nino in the Pacific. Thirdly, we also know that there are greenhouse gases such as carbon dioxide that can affect global temperatures. Lastly the National Academy of Sciences (NAS) estimated that carbon dioxide had a doubling rate of 3.0O Celsius plus or minus 1.5O Celsius in 1979 when there were only two studies available and one for sure and maybe both were not per reviewed.

The result of looking objectively at the three possible sources of global temperature changes was a series of equations based on these observations that when added together produced a sinusoidal curve that seemed to follow NASA published temperatures very closely.  Since this curve was based on observed temperature patterns it was called a Pattern Climate Model (PCM) which has been described in previous papers and posts on my blog and since it is generated by “equations” many assume it is some form of least squares curve fitting, which it is not. It does seem to be related to ocean currents.

As can be seen in the following Chart the PCM there is a 69.1 year cycle that moves the trend line up and then down a total of 0.29O Celsius and we are now in the downward portion of that trend (-.01491O C per year) which will continue until around ~2035.  This short cycle is clearly observed in the raw NASA data in the LOTI table going back to 1880. Then there is a long trend, 1036.7 years with an up and down of 1.65O Celsius (.00396O C per year) also observed in the NASA data. Lastly, there is CO2 adding about .0079O Celsius per year so currently they all basically wash out at -.0039O C per year, which matches the current holding pattern we are experiencing. After about 2035 the short cycle will have bottomed and turn up and all three will be on the upswing again.  Note: the values shown here are only representative as the actual model uses many more places than what are shown here.

When using the 12 month running average for global temperatures up until 2014 the PCM model was within +/- .01 degrees of what NASA was publishing in their LOTI table since the early 1960’s as shown in the next Chart. Further the back projection of the PCM plot matched historical records and global temperatures going back past the time of Christ. It should also be consider that geologically CO2 levels have reached levels many times that of the current 400 ppm without destroying the planet so the current hysteria over the current small numbers can only be explained by political science not real science.

NASA NOAA 04

The nest step in this analysis is to put all of the known data and projections into one Chart which will contain: NASA’s table LOTI global temperature estimates, NOAA’s actual CO2 values, the CO2 model projections, the PCM model global temperature plot, Hansen’s Scenario B 1988 global temperature plot, and lastly the IPCC AR5 A2 global temperature plot. With that done we can look at the results and try to make some sense of what is going on with the various arms of the federal government that are promoting that carbon based fuels be eliminated since they are responsible for the global temperature level  going up.  As previously started when the government pours money into the sciences the sciences respond with technical papers the support the governments views, this is what I call political science verses real science as was done prior to the 1980’s; money talks and BS walks as everyone on the street knows.  This Chart views a good overview of the current situation showing all the facts and all the projections.

This Chart contains no manipulation of the data and the only change that was made was to convert the NASA anomalies back to degrees Celsius to make it more readable to lay people.  This is only a change in units and has no bearing on the look.  A subject not broached here is that of the NASA homogenization process itself and the base period from 1950 to 1980. The portion in the black circle contains the NASA base period of 14.00 degrees Celsius and the reason it’s brought up here is that the Homogenization process causes the global temperatures to move around since the entire data base all the way back to 1880 is recalculated each month.  But since the base has to stay at 14.00 degrees Celsius the program must be set to not allow changes in that period of time. I’m sure the programmers have fun with that. Prior work here has shown how this creates a teeter totter effect with the data plots, some of which have recently been significant.

NASA NOAA 05

The next Chart will be a look at the period from 2010 to 2020 so we can see the detail of the past few years where a change in CO2 of only a few ppm has caused a major change in the global temperature way beyond anything previously shown in any published NASA data. There are two black ovals on the Chart one at the top of the Chart which is a black oval around the CO2 levels for 2013, 2014, 2015 and part of 2016 and it’s very obvious that there has been very little change, maybe 4 ppm or about 1%. Then at the bottom of the Chart is another black oval around the NASA global temperature levels for 2013, 2014, 2015 and part of 2016 and its very obvious that there has been a very large change, almost .40 degrees Celsius or about 2.7%. There has never been such a large increase in temperature from such a small increase in CO2.

By contrast the previous comparable period of the last part of 2010 through 2013 shows about the same increase for CO2 at 1.1% but no increase for global temperature but actually small decrease. Worse it appears that this current strange upward trend will continue as the values shown here are based on a 12 month moving average and the current values being published by NASA have been very high for the past 7 months and therefore I would expect the NASA plot to be well over 15.00 Celsius within a few months and certainly before the end of 2016.  Also in looking at the raw data for September 2015 and October 2015 there was a jump of almost .300 Celsius that is a very large number for a couple of months and as we have shown here in previous charts not reasonable at all and therefore a perfect example of political science.

NASA NOAA 06

In summary, the IPCC models were designed before a true picture of the world’s climate was understood. During the 1980’s and 1990’s CO2 levels were going up and the world temperature was also going up so there appeared to be correlation and causation. The mistake that was made was looking at only a ~20 year period when the real variations in climate all move in much longer cycles of decades and centuries.  Those other cycles can be observed in the NASA data but they were ignored for some reason.  By ignoring those trends and focusing only on CO2 the models will be unable to correctly plot global temperatures until they are fixed.

Lastly, the next chart shows what a plot of the PCM model, in yellow, would look like from the year 1400 to the year 2900. This plot matches reasonably well with recorded history and fits the current NASA-GISS table LOTI data, in red, very closely, despite homogenization.  I understand that this model is not based on physics but it is also not true curve fitting. It’s based on observed reoccurring patterns in the climate. These patterns can be modeled and when they are, you get a plot that works better than any of the IPCC’s GCM’s. If the conditions that create these patterns do not change and CO2 continues to increase to 800 ppm or even 1000 ppm than this model will work well into the foreseeable future.  150 years from now global temperatures will peak at around 15.750 to 16.000 C and then will be on the downside of the long cycle for the next ~500 years.

The overall effect of CO2 reaching levels of 1000 ppm or even higher will be about 1.50 C which is about the same as that of the long cycle.  The Green plot on the Chart shows the observed pattern with no change in CO2 from the pre-industrial era of ~280 ppm. CO2 cannot affect global temperatures more than 1.500 C +/- no matter what the ppm level of CO2is. The reason being that the CO2 sensitivity value is not 3.00 per doubling of CO2 but under 1.00 C per doubling of CO2 as shown in morecurrent scientific work.

NASA NOAA 07

The purpose of this post is to make people aware of the errors inherent in the IPCC models so that they can be corrected. 

The Obama administration’s “need” for a binding UN climate treaty with mandated CO2 reductions in Europe and America was achieved as predicted at the COP12 conference in Paris in December 2015. To support this endeavor NASA was forced to show ever increasing global temperatures that will make less and less sense based on observations and satellite data which will all be dismissed or ignored.  Within a few years the manipulation will be obvious even to those without knowledge in the subject, but by then it will be to late the damage to the reputation of science will have been done.

 

Sir Karl Raimund Popper (28 July 1902 – 17 September 1994) was an Austrian and British philosopher and a professor at the London School of Economics. He is considered one of the most influential philosophers for science of the 20th century, and he also wrote extensively on social and political philosophy. The following quotes of his apply to this subject.

If we are uncritical we shall always find what we want: we shall look for, and find, confirmations, and we shall look away from, and not see, whatever might be dangerous to our pet theories.

Whenever a theory appears to you as the only possible one, take this as a sign that you have neither understood the theory nor the problem which it was intended to solve.

… (S)cience is one of the very few human activities — perhaps the only one — in which errors are systematically criticized and fairly often, in time, corrected.

 

 

Money Smuggling v Money Laundering


big-stack-of-money

I have warned that when I am traveling these days, the question always posed is – “How much cash do you have?” Even traveling to Warsaw, there are big signs saying you may not have more than €10,000 in “value” on your person. In Italy, if it looks like you have a lot of jewelry, they weight it. The hunt for money by governments is getting desperate. They use terrorism and the drug trade as the excuse. Granted, there may be cash being smuggled into Mexico like the latest catch of $3 million in the trunk of a car at San Diego. But the problem becomes, we are all now suspects without doing anything.

What is the importance of such seizures to our liberty? Granted, the drug trade may have a bunch of cash. But unless you actually prove they were drug dealers, what they are calling this is “money smuggling” not “money laundering” or even “drug money” these days. That means they claim the right to just take whatever cash a person has without proving that it is the proceeds of a crime. That means, you have no right to travel with your own money.

When I was in the gold business back in the 1970s, an old farmer looking guy with a moth-eaten jacket and a cap, came walking into my office. He was watching the ticker tape display above the vault. Those were my younger days and then guy said: “Hey kid. How many Krugerrands would a half-million buy?” I just put it in the calculator just to answer his curious question. He then said: “I take then!” I was shocked and looked at him. He then handed me a brown paper bag from a food store and said: “Here’s $250,000. Watch this. I go get the other bag.” No bill was newer than 1934 and trying to count that much mostly in $20 and $50 bills that smelled really mildew, you felt you needed a shower afterwards.

Arab-Dinar-HoardI told the story to a friend. For he paid cash. I never knew his name. Back then we were free, not like today. There was no requirement to give up everything to do a transaction. My friend then told me his name and the story. His family was one of the largest landholders on the East Coast. He had sold all the land for Six Flags Great Adventure. The story went that his family had lost a lot of money in the bank failures during the 1930s. So they built their own vault in the basement of their house and never trusted banks again.

Roman-Hoard-BritainBetween “money smuggling” and “money laundering” regulations, you do not have the right to your own money anymore. The “money smuggling” is simply traveling with your money and that requires disclosure for $10,000 or more. Then they use “money laundering” for hiding your cash as in a safe deposit box. Read the fine print for such a box. You are not allowed to have cash or gold in a safe deposit box for that is now “money laundering” meaning you are hiding it from the government. In either case, they just confiscate your money. They need not prove it is the proceeds of a crime or that you didn’t pay a tax on it. Even if your cashed your pay check and kept it in cash accumulating your savings outside of a bank today in cash, that is now hiding your money from government and as such it is “money laundering.”

Had that family been around today, that would justify storming their house with swat teams. That family was not engaged in any criminal activity. They just didn’t trust banks after the failures of more than 9000 banks during the late stages of the Great Depression. Back then, it was not “money laundering” to keep your wealth in cash and in your own vault in the basement. Today, they just presume you are up to something and that justifies taking everything you have.

This is obviously the same human response that has unfolded over the centuries. This is why hoards of coins are still found buried in the ground in all cultures from all centuries. This is what happens with the collapse in the confidence of government. What you think is yours, they view as their’s. Hillary Clinton said in Detroit that Trump is worth $4 billion. She told the audience – think what we could do with that! This is how career politicians look at the world. What can they take from us next.

Central Banks Cut Interest Rates 667 Times Since ’08 & Owns $25 Trillion Of Financial Assets – Episode 1058


From X22 Report Click On Picture To See Larger Picture Gold slammed down again. Subprime auto delinquencies surge. Durable goods orders decline. Capital goods shipments decline. Services PMI declin…

Source: Central Banks Cut Interest Rates 667 Times Since ’08 & Owns $25 Trillion Of Financial Assets – Episode 1058

The Condo Market Turning Down


Porsche Building

The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back to the base currency.

As with every peak, developers see how condos sell so they have increased the supply right into the peak in prices. This cyclical pattern repeats over and over again. The foreign investors who got into US property back in 2011 have made a fortune in the home currency and are taking profits.

China & Its Debt Problems


Shanghai-8-25-2016

With a total debt of almost 250% of GDP, China’s debt problems are well known. Meanwhile, the government is working on resolving the issue by following the playbook of US investment banks and creating securities structures to offload bad debt (remember CDOs?). The slowing economy has caused rising defaults. Analysts suspect the NPLs ratio to be 30% of bank loan portfolios versus the official ratio of 1.81% as of the end of June 2016.

The corporate bond market is also feeling pressure as 41 companies have defaulted on R25.4bn of bonds since the beginning of the year. In an effort to restore confidence in the banking sector, Bank of China and China Merchants Bank sold off some of its NPLs as securitized products. It seems like an asset swap to other banks with 50-60% of the book being sold to other banks. Furthermore, 95% of the riskiest tranches were sold to a state-owned asset manager. Meanwhile, in an effort to support growth, the Chinese government is promoting lending to small and micro businesses, which carries higher risk and reduces peer-to-peer lending.

Corporate debt is estimated at 145% of GDP with the non-financial state-owned enterprises representing half of the bank credit. Chinese banks have a greater concentration of individual customers with the top customer of Agriculture of China accounting for 7% of its loan book and the top 10 customers comprising 17% of its loan book.

Copper-8-25-2016

Chinese credit is currently growing at 2x GDP, meanwhile, fixed capital investment growth slowed to 3% during 2015. Watch copper that is used for loan collateral in China and has recently broken weekly technical support with a Directional Change during August and the next turning point in October. A breach of the $2.00 level will indicate further lows.
Categories: China
Tags: China

US budget deficit approaches $600bn, public debt to reach 77% of GDP


Slower revenue growth and large spending will expand the US budget deficit to $590 billion in the fiscal year ending September 30, according to the Congressional Budget Office (CBO). * Read more US…

Source: US budget deficit approaches $600bn, public debt to reach 77% of GDP

U.S. Olympians Are Taxed on the Value of Gold in Medals


Olympic Medals

Believe it or not, someone can work hard to get into the Olympics and if they win the gold or silver medals, the Internal Revenue Service (IRS) is there waiting for their cut. Yes, American Olympians must pay taxes on the value of the medal. They also need to pay taxes on their prize money. This is so outrageous that it is rising to Congress after insistence that such awards should be tax-free, especially when they represent the nation.

The taxman is without mercy. It has long been assumed that Matthew the Apostle was a tax collector. Such people have always been regarded as sub-humans who prey upon the citizens for the state. The IRS is not much different, as is the case for tax-collecting agencies around the world. Their interpretation is to always tax regardless of morality.

Government Preparing for World Wide Civil Unrest – Why?


Pentagon

ft-1998A number of emails have come in asking if we are advising government since they are now enlisting firms to research a rise in civil unrest. The answer is no! Nevertheless, everyone knows of the accuracy of our computer systems and our cycle of war models. It was the CIA that came to us demanding I create the system for them in Washington after the model predicted the fall of the Russian monetary system in 1998. I declined. I did offer to run any study for them on our systems. I was told that was not acceptable for they had to “own it.” I said no way. I believe their position was they did not want anyone else to possess the forecasts. I have also been asked am I not afraid of government? I respond, the only way they will ever get access to what our system forecasts is to leave me alone and read our services. So this is the Mexican standoff as they say. We agree to disagree.

True, the Pentagon is now funding universities to try to model the dynamics of the rise in war. Sure they are trying to copy what we have achieved. They are the government after all. They know I cannot be threatened for I would rather be dead than held as some slave. They are attempting to model large-scale civil unrest across the world no less. You can guess where they got that idea from. I have been told by programmers they contacted to try to program what we have accomplished with Socrates. Good luck. It takes more time than what even money can buy. If you do not understand HOW cycles function at the core, no programmer could ever figure this out. This is not some simplton program if this then that.

20070410 Movie Pi

I have been told that slander and imitation are the ultimate level of flattery. When the model predicted the peak in the Real Estate Bubble to the day in February 2007, they were calling it Armstrong’s Revenge. They thought locking me up would somehow stop the model from working so they kept me in contempt of court using a statute 28 USC §1826 which says the maximum time anyone can be held in civil contempt was 18 months. They kept rolling it every 18 months to pretend they were obeying the law. I was finally released only after 7 years merely because I got into the Supreme Court and they had no choice but to release me or suffer an international disgrace.

ECM-Wave-2002-2011 - RJust after the model forecast the peak in 2007 to the day once again, I was hauled into court and Judge Keenan then tried to discredit our model claiming I stole the idea of Pi from a movie by that name. This transcript above shows how they deliberately lie to try to cover-up anything. Accusing me of taking the idea from a Movie named Pi which did not come out until 1998, just illustrates how fundamentally dishonest these people really are. They think they can just say anything and the world will believe them no matter what they say. They are incapable of ever telling the truth and that doesn’t bother them in the slightest. Think of the worse kid in high school who enjoyed beating up people or stealing what they had. Look them up. More likely than not, they ended up in law enforcement. This transcript is the example of absolute corruption beyond belief. They could care less that you can simply Google the time when such a movie came out. That doesn’t matter. They declare something and to them that makes it true. This was all about trying to discredit a model that forecast the crash from 2007 into 2009 rather than helping society, they seek only to destroy it.

That turning point 2007.1589 picked the very day of the high in the Shiller Real Estate Index and it was published in 1979, 20 years before the movie. However, it also marked the very day Goldman Sachs sold its infamous ABACUS 2007-AC1 $2 billion Synthetic CDO. They timed that perfectly to the very day of our model.

The court tried to discredit the model. That illustrated they were worried its forecast was coming true. You can bet they analyze every word. These people have no morals and think they can just force society to be economic slaves forever. Nobody has ever beating this game even once in history. Time is on my side, not theirs.

KOMMONSENTSJANE – UPDATE ON OPERATION CHOKEPOINT


The rules for 401ks change next April and we will see them take them over within a few years. After the next market correction they will off er convert them to US Bonds and pay you a premium over the market price. The government get ownership of corporations and you get worthless paper just like SS.

kommonsentsjane's avatarkommonsentsjane

The following is information provided by Money Metals Exchange:

Question: I haven’t heard much about Operation Chokepoint lately. Is that initiative ongoing and are you seeing any impact?

jam48

Answer: Yes, Operation Chokepoint continues, and we think it is very likely impacting our industry.

We’ll elaborate first by explaining Operation Chokepoint. The U.S. Justice department announced the program in 2013. The Obama DOJ’s stated intent is to dissuade fraud and money laundering by ratcheting up scrutiny on banks and financial services providers who have clients in certain “high risk” businesses.

Targeted industries include precious metals and guns and ammunition, but there are many others. Unelected bureaucrats developed a list of businesses they deem suspicious. But since investigating and prosecuting actual fraud or money laundering is difficult, their approach is an end run around due process by cutting off access to banking.

Operation Chokepoint is designed to “choke” businesses by pressuring banks…

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KOMMONSENTSJANE – THE BREXIT QUESTION THAT NOBODY ASKED


Respected economists (real economists) give the EU at most 2 or 3 years before it goes under. Smart money is coming to the US as the only save haven let in the world.

kommonsentsjane's avatarkommonsentsjane

Aug 21, 2016

By
Clive Crook

BRITIS

Mervyn King, former governor of the Bank of England, has written the best article I’ve read on Britain’s exit from the European Union. In an essay for the New York Review of Books he makes many excellent points, but one is of surpassing importance. It’s an obvious point, or ought to be, that nonetheless has been almost entirely ignored by other respectable commentators: Whether Britain should stay in the EU depends on where the EU is heading.

The EU is plainly in deep trouble with or without the U.K., and its condition as a political project is anything but stable. Judging whether Britain is better off as a member therefore requires a judgment not only about what Britain has gained or lost from membership up to now but also an assessment of the future character of the whole EU enterprise. Britain’s Remain campaign, expressing…

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