Investing quandry

So say you were convinced that your currency was going to be devalued by some large amount every year for the foreseeable future; say 10% real inflation (or more) per year. Say you didn't want to move out of the country, but you wanted to make as much money as possible in investments. Furthermore, say you thought housing was going to tank for the next few years, domestic stocks were going to suffer, and you payed roughly 50% tax on gains.

What do you invest in? Just a hypothetical...