[_hl_]

Read the notes in the link you posted. I don’t think it says what you think it says.

In May 2020, the definition of M1 (monetary supply in “cash”) was changed to include savings deposits. They changed this not due to some conspiracy, but because savings accounts were deregulated to remove withdrawal limits, effectively rendering them cash-equivalent, and thus necessary to include in M1 metrics.

I.e. the 80% spike has nothing to do with money being printed.