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This has been killing me and my brother in law. We all already know the answer to this question. However, if someone thinks they can enlighten us further please feel free. The question is EXACTLY what are we borrowing from the FED with interest.

They let us borrow something worth nothing to pay for something worth something.

Then we need need to get more of the something worth nothing to pay back the interest so they do not take our something worth something.

This whole thing is the biggest scam ever perpetrated on the American People! Gonna' give me an aneurysm or something thinking about all of this.

Help, make us not sound as crazy as we think we sound.

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The FED is:

A Variant of the Ponzi Scheme-
A Ponzi scheme usually offers abnormally high short-term returns in order to entice new investors. The high returns that a Ponzi scheme advertises (and pays) require an ever-increasing flow of money from investors in order to keep the scheme going.

The system is doomed to collapse because there are little or no underlying earnings from the money received by the promoter. However, the scheme is often interrupted by legal authorities before it collapses, because a Ponzi scheme is suspected and/or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.