Venezuela Circles the Drain

Venezuela Circles the Drain | Power Line
We have chronicled the accelerating decline of Venezuela’s economy under its narco-socialist rulers. When a country can neither produce nor buy toilet paper, you know the end is approaching. 
Now, Venezuela’s international reserves are disappearing, as its currency implodes. 
Dimitra DeFotis reports at Barron’s:

Russ Dallen, who contributes to a newsletter for investors, and writes about Latin America, writes today that “Venezuela’s situation continues to unravel at increasing speed as the bolivar tumbled 30% over just the last week, while the country’s international reserves simultaneously hit a new 12-year low, closing at $17.5 billion.” He says the weak currency and decline in reserves means the country is “essentially running on fumes...” 

Venezuela’s regime is long past eating its seed corn; now it’s selling the furniture. 
Will Maduro’s government default on the country’s debt, some of which carries 30% interest?Moody’s rates Venezuelan debt as “speculative and subject to very high credit risk.”

...The IMF is helping to keep Venezuela’s economy afloat, and if oil prices rise, the Maduro regime might be able to buy a little more time. 
But the end game is obvious: economic collapse.