Credit card debt is at a new all-time high while personal and business bankruptcies are ramping up. With high inflation since last year consumer purchases mainly on the credit card as savings balances return to all-time lows. Meanwhile, the Federal Reserve with “only $42 billion of capital” is set to lose approximately $240 billion this year and next. These losses which have already started with have impact on Congressional regulation of the Fed and a significant potential impact on confidence in the world’s largest central banker. Possible result: return to quantitative easing later this year.