Globalist Reality Report

[Porgie Tirebiter]

The "shape" of that chart is misleading. In the notes it says that beginning May 2020 they essentially included M2 into the calculus, hence that great spike in early 2020.

Recognizing savings deposits as a transaction account as of May 2020 will cause a series break in the M1 monetary aggregate. Beginning with the May 2020 observation, M1 will increase by the size of the industry total of savings deposits, which amounted to approximately $11.2 trillion. M2 will remain unchanged. The following graphic depicts the size and timing of the series break that results from recognizing savings deposits as transaction accounts beginning in May 2020, the first full month after the approval of the deletion of the six-per-month transfer limit on savings deposits.

https://www.federalreserve.gov/releases/h6/h6_technical_qa.htm

But, that said, the government is being reckless with the nation's debt.