That is the same exact conclusion Calvin came to regarding the church in Rome.
"Rome's whole doctrine contains nothing else than big words and bombast, because it is inconsistent with the majesty of Scripture, the efficacy of of the Sprit, the gravity of the prophets, and the sincerity of the apostles..." - Calvin, Past.Epp.174"The Holy Spirit may be justly called the key with which the treasures of the kingdom of heaven are unlocked to us; and His illumination constitutes our mental eyes to behold them" - Calvin, Institutes III:i.4
Yes.. Eucharist is Jesus becoming once again flesh to be consumed by the flesh.. an insult to the Holy Spirit.. in essence.. and in reality.. It flys in the face of the Holy Spirit performing spiritually.,. The Eucharist raises the flesh to preposterous import.. and reduces the spirit/Spirit to figurative character..