What is “The Babylonian Money Code: The 3,800-Year Proven Secret to a Tax-Free Fortune?”

Checking in on the Palm Beach Letter's favorite pitch idea -- now also called the asset "stolen by Hitler" and "banned by Caesar", this is still what Palm Beach used to call the "770 Account"

By Travis Johnson, Stock Gumshoe, February 24, 2015

This was originally published on January 21, 2015.

Man, I’m starting to have trouble keeping up with all this. The folks at the Palm Beach Letter are so enamored of their “outside the stock market” investment idea that they change the name of it every few months. Whether they’re just testing out which term most appeals to potential subscribers, or because they’re ardently trying to keep their “secret” I don’t know.

But we can, at least, keep telling you what it is they’re actually talking about — whether it’s the “Babylonian Money Code” or the “President’s Private Account” or the “Invisible Retirement Fund” or the “770 Account.”

Yes, those are all the same thing. This is how the latest ad from Palm Beach describes the “Babylonian Money Code”:

“Outlawed by Caesar before the birth of Christ…

“Banned in France in 1681…

“Stolen by Hitler during World War II

“What you are about to discover is the tale of an asset so controversial… so coveted… that it is still cloaked in mystery today.

“Modern pundits scorn it… the rich love it… government all but censors it….”

Sound familiar? It’s a great story — Mark Ford hasn’t lost his ability to teach the next generation of copywriters how to pitch an idea and make it sound fantastic. Here’s a bit more, just to give you a taste:

“The individuals who possess it-even those who have stumbled onto it-see their wealth and their fortunes flourish.

“But it’s not a tale of gold, silver, stocks, bonds, or real estate…

“And its roots go much deeper than bitcoin or any of the latest financial inventions.

“No… The secret we’re going to uncover today traces its roots all the way back to the dawn of recorded history. To an ancient code written more than 3,800 years ago…

“And even though this asset appears 500 years before the Ten Commandments, it’s been scorned throughout much of history….

“In the 19th century, the Church called it ‘a speculation repugnant to the law of God and man’…

“But despite these obstacles, many of the world’s elite have long sworn by its power.”

So there’s plenty of intrigue — and the implication that this asset class has its roots in the Code of Hammurabi and the “first Wall Street” of ancient Babylon. More…

“In fact, scholars today believe this code unlocks a secret that’s made people wealthy for nearly 4,000 years…

“It’s the source of an investment formula rooted in the twin pillars of safety and prosperity-which made the Babylonians so wealthy.

“Some researchers refer to this method as the Babylonian Money Code-in honor of Hammurabi’s own text.