With events in Venezuela now well into the endgame, following US sanctions that named "dictator" Maduro personally and a likely subsequent sanction that will cripple Venezuela's oil industry promptly resulting in the nation's insolvency as it loses its last remaining source of revenue, things are moving fast. So fast, in fact, that according to Reuters, Venezuela's money supply surged 10% in just one week earlier this month, its largest single-week rise in a quarter of a century.

Meanwhile, in addition to now daily protests and strikes, Venezuela is undergoing a major economic crisis, with millions suffering food shortages, monthly wages worth only the tens of U.S. dollars, and soaring inflation - although no official data is available. The central bank said late on Friday the total amount of local currency in circulation, or M2 as of July 21, was 27.3 trillion bolivars, up 9.66% from the previous week.

Obviously, the exponential rise in M2, the sum of cash, together with checking, savings, and other deposits, also means an exponential rise in the amount of currency circulating. As a result, Venezuela's money supply is up 384% in the last year. In contrast, the United States' money supply is up 5.5% in the same period.

This means that Venezuelans are forced to carry huge bundles of cash to make basic purchases, if they can afford to do so given weekly price rises on many goods of course.

This means hyperinflation.

Today, the Dolar Today website reported that Venezuela's black market exchange rate surged past 14,000 bolivars per dollar.

When President Nicolas Maduro came to power in April 2013, it was at 24 per dollar.

Putting the country's bitter economic end in context, the bolivar has lost a third of its value in the past week.

That takes care of the economy, as for how how socialism ends in a social context, in a poll released today Gallup found the Venezuela is now the least safe country in the world.