As is becoming apparent, the US is heading towards a depression, and given the nature of the proposed bailouts as well as restrictions on short selling, it seems as though the depression will be inflationary. The most notable characteristic of an inflationary depression is currency devaluation.

If that’s the case, how can traders preserve their wealth? Below are 8 ETFs traders should consider looking into to prepare for an inflationary depression:

Foreign Bond ETFs. There are a number of foreign bond ETFs — FAX, FAM, EDF, among others — are also appealing to many seeking to diversify outside the US. In addition to providing stable income returns that bonds offer, they also allow for protection against dollar devaluation.

VEU. This fund seeks to replicate an index of 2,200 stocks in 47 countries outside the US. Because of its diversity, it is viewed as …