You call it printing but it happened in response to the private sector desiring to increase its net savings which can only happen if another party goes into further debt. By this logic, saving money is printing money because the money in your bank account is taken out of circulation and stagnates on your bank account, that stagnant money is added on top of the usual supply needed to keep the economy running. This is quite literally a conspiracy theory. Don't you see how ridiculous this framing is?