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If the SSPX considers the N.O. to be a valid Mass, to deem Hosts consecrated at a N.O. Mass not acceptable seems downright blasphemous.

What is truly disturbing is that those of us who have remained faithful to the Magisterium, are viewed as outsiders in this context. It is as if we, who have followed the pope, are wrong and those, who have isolated themselves, are in the right. They go so far as to disdain the FSSP which offers the same Tridentine Rite, simply because it is sanctioned by the pope.

You need to understand the situation better. Try pondering this quote from Cardinal Ratzinger:

"In fact, the First Vatican Council had in no way defined the pope as an absolute monarch. On the contrary, it presented him as the guarantor of obedience to the revealed Word. The pope's authority is bound to the Tradition of faith, and that also applies to the liturgy. It is not "manufactured" by the authorities. Even the pope can only be a humble servant of its lawful development and abiding integrity and identity. Here again, as with the questions of icons and sacred music, we come up against the special path trod by the West as opposed to the East. And here again is it true that this special path, which finds space for freedom and historical development, must not be condemned wholesale. However, it would lead to the breaking up of the foundations of Christian identity if the fundamental intuitions of the East, which are the fundamental intuitions of the early Church, were abandoned. The authority of the pope is not unlimited; it is at the service of Sacred Tradition. Still less is any kind of general "freedom" of manufacture, degenerating into spontaneous improvisation, compatible with the essence of faith and liturgy. The greatness of the liturgy depends — we shall have to repeat this frequently — on its unspontaneity (Unbeliebigkeit)."

THE POPE IS BOUND TO THE TRADITION OF FAITH. You need to ponder these words. You have been led to believe the pope is the faith. He is not.