1:25:26 in his thinking, although yeah he's coming from Google but it made a lot of sense and I just wanted to lay this out for you as an extra piece of this... because when he said hoax i was like well you know what? You're right. It is a hoax why did this thing all of the sudden heat up and its being used primarily by outfits like Freedom of the Press or Pressfreedom, whatever it's called who have three million dollars by the way in annual revenues as you know they're like literally if you look at their website which is... hold on. You got to look at this you'll laugh I think it's press freedom org or freedom no it's a
1:26:11 I'm sorry, that could have had that better prepared. The Freedom of the Press Foundation? Yeah... is it freedompress.org? That'd be pressfreedomfoundation.org There's also... Here we go. Freedomhouse.org? Yeah, pressfreedomfoundation.org Okay. Now that may be- now that's wrong. It doesn't matter! Sorry about that Wait a minute let me look at the rest of this. It's Freedom- I think its Freedom Press Freedomhouse.org? It's freedom press, let me just see... This is dumb. Newseum Press... Oh here it is! Pressfreedom.org.au No no no you don't want that
1:26:57 Well, um... Okay. Now I'm mad at myself. Next show! Anyway, I tweeted out a link for it for Christ's sake sorry for taking the Lord's name in vain Yeah there goes that guy in Pittsburgh again Let me just look up my own tweet here This guy just waits for that and then he sends me a note And I was mad He says uh yeah you know well you took the Lords name in vain so I am not donating He has never donated Yeah okay here is is Clouds are coming Here it is. It's clouds in Michigan. It is... I don't even have... Anyway, they have on their homepage
1:27:41 Save the internet donate now to us. This is what everyone is doing I get emails from don't let them slow down the net org and you know Donate don't let them break the Internet And this would nilai Patel is also doing help unfuck The Internet as what he writes a come on people then like so what really happened here? What really went down and this all stems from one thing that And the one thing is, the acquisition of Time Warner Cable by Comcast. This is when this really started. That predates... I disagree with this! It predates the Netflix issue. It predates Netflix. Now check it out. Yes it does
1:28:27 The Comcast Time Warner Cable announcement... I thought that was more recent. No, I don't think so! I think so. I don't think so. I think so. But okay we can agree to disagree on that Well we have to get the date straight Timeline? Okay let's see First reference to this is... Well, how do we even do that? How do you find out- You can do it by writing in Time Warner Comcast and hit the news tab. And you should have the stories that came out when they first came out. They're still going on. But how are you gonna find out when it first came out?
1:29:02 Well, you just look for their first apparently here is the Ars Technica May 18th. Okay? That's that's they just keep looking for the earliest date okay may 18 and I'll then i'll look at it I have feud over Netflix traffic 8 19 may 18th may 20th right seems to be recent It almost doesn't matter for the show For the theory at least all right but well yeah But if does if I don't buy it If you don't, if you... Wait here it is. Here it gets back further. Here's May 8th Congress to hear concerns this one they're gonna do the congressional thing so we got back to me The announcement came much earlier John. The announcement was months ago I think so
1:29:50 But I think the way I remember it, we first had the Time Warner Comcast deal that was announced that they were gonna do that. This is a long...this is months ago and then- Okay, okay. We'll stop. I won't disagree. We'll look into it. You might be right because there wasn't...I remember there being an early announcement and had everybody all jacked up in fact, again so jacked up they had a congressional hearing. So, and then to Frank and Franken would know Because he's all over this thing and I can call his office up and they'll tell me. Hey, it's Dvorak again! Holy crap not that guy! You can call any of these offices up if you ask when they... All these congressional offices, you don't try to get a hold of Franken He's not gonna talk to ya but you just say like I'd like to talk to one of the staffers who could answer your question
1:30:41 Well, why don't we look at... isn't Comcast... isn't that CMCT? What is their signal? Oh that's a good one. C-M-C-S-A I think it is. Their signal! Help us! Help us! What is their signal?! Hey, It's 142 AM Okay, finance. It's a great excuse! You're right it would be listed in the Yahoo... I'm going to go to yahoo finance and they will have listing of all the press releases and it will have that one at the date. Yes you'll keep talking while I do that. If you go to the news well now its kind relevant headlines let's see this is months ago anyway okay
1:31:28 Here is the thesis and I will do it in my timeline whether it's true or not, but I'm pretty sure that came first. And what really does it mean when they're buying Time Warner? They're not buying a competitor! They are adding on to their network... They are adding on to more... That is their basis of argument And it's also true. I don't think there are any markets where Comcast and Time Warner compete, so they're essentially just becoming bigger. They are becoming... what do you call it? Kind of the utility. A monopoly or a utility. I should mention a couple of things because that's why we would have called Franken's office apparently
1:32:07 uh... during this congressional hearings the kid comcast made the claim that this will be good for the customers because now that they have these new these two opposing consolidate you know crappy here about this again consolidate this and add and it gives them bigger reach in and i haven't been using pressure to companies to get better deals with a customer's get better deal so you can use will your but at but from a shareholder standpoint Well, let me finish. Okay? And so apparently what Franken's people did is they listened to the quarterly call and in the quarterly call was just the opposite with the guy said yeah he says this is gonna be great for us we can make more money we can go you didn't say gouge the customer but he puts there's a lot of more leverage and we can do will profit from this
1:32:54 Now, back to the original thesis that this Baron Soka guy called it a hoax because it did come... It came out of nowhere but it came from the Netflix controversy. So-called controversy. If you really think about this for a moment now What the one thing Comcast clearly wants is they want to buy up all broadband They want to own at 50 or 60 billion dollars, whatever. They're paying for time water Whatever the number is that is you know, it's not chicken feed This is a real this is a real big deal. This is the Mac daddy purchase It's a big one and there and it's just expanding their markets in a buying competitor. They're expanding their markets They really want to be the ISP for the United States
1:33:40 And you can have nothing better, really you can have nothing better than to be deemed a common carrier and thus a utility because it does one thing. It discourages any competitor from entering that marketplace and this is the thing that people get wrong and I'm going to agree with this Baron guy even though i'm pretty sure he's being paid by Google there are competitors! Google is in fact a competitor in Austin And they... and how does this work? It's kind of sad, but why is there so little competition. I kind of buy into this argument when you go into a local municipality or into a town like Austin and You say hey! You know I want to lay fiber and I wanna be a competitor to Comcast Or whatever you have or AT&T But let's just say Time Warner in Austin and by the way in Austin we do have another cable company that competes but okay
1:34:39 Then Austin says, yeah that's great as long as you wire up the schools and wire up the libraries and wire up all of the government buildings. Oh! And suck my cock because this is exactly what these greedy assholes do everywhere And if you go back and you read what happened to Fios when they basically buckled, is in order to rent space on the telephone poles it was cost prohibitive because all of these local municipalities they all want kickbacks. They're all greedy and that's where the real problem is now Google they have real money and real reach and there being a what did I did? They're small but they can become a competitor but not
1:35:26 If this broadband business is going to be regulated as a common carrier, as a utility it's not gonna be interesting for them. Then in any regulation, they're not going to be interested because Google's model is not even necessarily on a pure revenue basis. They want to sell ads to your nest, to your fridge which by the way you called and this is totally right... They want to sell ads everywhere and they'll probably give you free fiber eventually for the privilege for doing that That's their business model But if they can't do that because there's regulation then you know, then they're just not going to do it
1:36:02 They may try, you know like the wireless or whatever but they're not going to do it. That's why Comcast wants this enter Reed Hastings with his little...with their little fracas over the slowdown Oh well! This is where the net neutrality debate came from And if you, as we know with the stupid slaves in most countries but certainly in the United States. You know you can drone Americans and have cops ripping people's heads off shooting old people in the back black ladies of 98 killing them But you slow down my fucking Netflix baby I'm up in arms! I'm changing my icon and I'm getting mad... and I'm calling for net neutrality
1:36:52 And then you get all of these non-profits, all sponsored by Open Society Institute. All Soros stuff... Then God knows where it's coming from! From family nonprofit management agencies All this money flowing and everybody's all riled up over a hoax because there is no evidence of actual degradation based upon their content versus my content. It's just really not true, it's all made up except for the Netflix thing
1:37:32 And isn't it interesting? And it was Netflix who really initiated that. Thank you! And wouldn't be interesting if Netflix, now they have some kind of deal and they're working it out and maybe they can figure something out with Comcast... Maybe they become the new default video on demand service for Comcast That is not beyond the realm of possibility These guys have been working together from day one From day one purposely making this happen to stir up this debate, to get the regulation. And I agree that this should be Congress, it should not be the FCC. Congress should be making up any...if there's gonna be laws it should be Congress but it's going to be a nightmare if the FCC is really going to try and regulate this but I think that this is one big setup