Over 18 trillion dollars in loans paid negative real interest rates to lenders

Evidence

During that period loans amounting to more than $18 trillion (which was more the total annual income of Europe and Japan) paid lenders negative interest rates. — Yanis Varoufakis, Technofeudalism, 927

Categorization

• XREF: Grounds the book’s claim that capital became a rent-ifactory, not a productive factor — lenders paying to lend signals capital abundance disconnected from productive return. — connects to: Financial repression shrinks debt through negative real interest rates on captive bondholders — Mark Blyth, Austerity: The History of a Dangerous…, 651; Negative real interest rates drove capital into collectibles and artworks — David Harvey, The Condition of Postmodernity: An…, 1879; Inflation erodes the real cost of fixed-interest debt (+1 more)
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 927

Broader Connections

• Financial repression shrinks debt through negative real interest rates on captive bondholders #exemplifies (0.90) — Mark Blyth, Austerity, 651
• Inflation erodes the real cost of fixed-interest debt #expands (0.90)
• Negative real interest rates drove capital into collectibles and artworks #expands (0.75) — David Harvey, The Condition of Postmodernity, 1879
• Bank lending transfers future value to the present to earn interest #qualifies (0.70) — Yanis Varoufakis, Technofeudalism, 1028