From pp.1-2 of the transcription above:
THE OTHER EXTREME
"There is also another tendency. . .some young priests and seminarians, they think that it is necessary to do the Ritual without recogni z ing the pope, cardinals, bishops, etc.. .i.e., no more Catholic Church now... it is finished. .. and so we must abandon all these people and do a new Church, i.e., a Catholic Church but outside of Rome, far from Rome. And so some young priests, 3 years ago, left the Fraternity because I said that that (their proposition) is impossible. I cannot say that Rome does not exist now... no Rome, no cardinals, no bishops, ... etc. It is impossible that Jesus Christ would abandon His Church into such a situation. It is impossible! n (2) "Where are we going if we have no more pope, bishops, cardinals, or Church?? If no more visible Church? Where is the Church if this is so?" "And so we can see that these priests found another Church. No more Catholic Church. Now some priests receive consecration as bishops. They are having some meeting with Fr. McKenna and 6 other priests and some bishop (i.e., bishop Thuc) and he ordains other bishops. They had a meeting and perhaps in some weeks or months ahead they will choose another pope. That is a logical conclusion of this tendency. It is very very dangerousl " "Fr, G , a dominican priest, was a friend of Ec&ie. . .he gave good spiritual conferences and spiritual exercises at Ec0ne.. But always he saidt M No Pope... he does not exist." I aaidi "That is not true. You cannot say that." And so now he... is with Palmar de Troya in Spain. . .because he thinks perhaps the true pope is in Palmar de Troya... yes, yes i A great theologian thinks this! He is a very intelligent man... very extraordinary..." "Your place is not in the Fraternity" "The consequence of this tendency is schism with Rome, saying Rome is finished. That is absolutely impossible. I do not accept that!
And a bit later on p.3:
"Also, 5 or 6 new priests abandoned the Fraternity in France (because they do not believe in the pope) and I said to themi "You do a schism, you have no more Church... it is finished! For you there is no Church. . .who represents the Church? Nobody. It is finishedl" "
And on p.11:
"You know that there are other priests in the world, in France, in America, in Mexico, in Dult ch-land , Germany, . . • there are some priests who follow the same dangerous way. They sayi 'No more pope; no more. . ;all sacraments are invalid, etc. ' But now they are going, slowly, slowly, into SCHISM."