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But think about it, seriously. How flawed is the "First Dibs" or "Winner Take All" argument.

Why would the first bishops to be consecrated without a Papal Mandate be granted some kind of exclusive license to that position? Why would OTHER GROUPS have to come to THEM for Trad bishops -- rather than vice-versa?  What makes that "first across the Finish Line" so fundamentally special?

It would imply that God, or the Church, awards some kind of bonus jurisdiction or authority -- outside the usual channels (i.e., from the Pope) -- to the first "not in Communion with the Conciliar Church" who consecrates bishops for Tradition.

Think about it. Who would suggest Bp. Fellay is any more "legitimate" than Bp. Zendejas? Did either one of them receive an explicit Papal Mandate from the reigning Pontiff? If not, then they are on equal footing. That is the *only* way to look at it.

The situation at the time of Consecration was virtually the same. If anything, the Conciliar Church is in worse shape now, with an even worse prognosis for the future, compared to 1988. There were other existing Traditional bishops in 1988 when +Fellay was consecrated, too. They are called SEDEVACANTISTS and INDEPENDENT BISHOPS. The Nine (who left the SSPX in 1983) have had a couple of bishops from among their number for some time. When was Bp. Sanborn consecrated?

No offense, but if you’re asking this question, that means you don’t fully grasp the heresies of V2 and the utter, diabolical evil of the new mass, both of which have been used to sweep 99% of Catholics into a new-age, ecuмenistic religion.
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And if you don’t grasp the gravity and extent of the above changes, that means you don’t have a complete understanding of true orthodoxy, church history or secular political history since the French ʀɛʋօʟutιօn, when Fɾҽҽmαsσɳɾყ/Modernism burst from the depths of hell out into society.
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I suggest you read, religiously 1) The Great Sacrilege, 2) Who Shall Ascend?, and ....politically....3) Makers of the Modern Mind, 4) The Unseen Hand
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You need to be red pilled, as the cool kids say nowadays.