It is possible for a lawful election to take place in our times. If this were to happen, Catholics would need to organize the last lawfully appointed bishops to hold a Council. Also, all lawfully appointed Roman Clergy would also need to be invited to the Council. If this Council were to be held, and a declaration of Sede Vacante were made, and if a new Pope were elected, this would be a lawful election.
We may speculate that some may not accept such an election, but that is irrelevant, the election would be legal and binding. If only the SSPX would embrace this as well, and help to organize the bishops and the Roman Clergy, the formation of the Council could happen far more quickly.
I do not know if CMRI is working on this, but if any Catholic has it in their power to advance a lawful Council of bishops and members of the Roman Clergy, they should use their station in life to help to assist this cause.
The hour is late, the Church has been without a pope for about 50 years. The conciliar church has left us a barren wasteland of Catholics losing their Faith and morals. The remaining Catholics themselves are divided amongst themselves. The time has come for Catholics to fight for the Church we love, pray for a Pope, and pray for those few left on Earth who hold the lawful power to hold a Council and elect a Pope.
I would urge everyone on this forum to St Robert Bellarmine and other theologians of how an election could be held if all the Cardinals were dead. http://strobertbellarmine.net/bellarm2.html
Also read this whole thread from the Bellarmine Forums:http://www.strobertbellarmine.net/forums/viewtopic.php?f=2&t=13&start=0