Larry Lepard, author of The Big Print and a longtime Bitcoin advocate, joins The Last Trade to explain why the mathematics of the US fiscal situation make a massive monetary expansion inevitable—and why $1 million Bitcoin is not a fantasy but a logical consequence. Larry opens by framing the Fed's policy dilemma: either tighten and trigger economic collapse, or print and devastate the savings of ordinary Americans, an outcome he argues has already systematically eviscerated the middle class. The discussion covers a hotter-than-expected CPI print, Trump's pressure for rate cuts, and why government-reported economic statistics systematically understate the inflation burden on working Americans—with real unemployment potentially as high as 23.7% when counting those in poverty-wage or part-time work. Bitcoin is presented as the only mathematically sound savings technology capable of protecting individuals from the wealth destruction guaranteed by continued fiat money printing.