Franklin Merrell-Wolff reflects upon the interpretation of Buddhism as leading to simple annihilation. He explores the meaning of the ‘self’, and acknowledges that from the standpoint of our relative consciousness, Buddhism denies the existence of the subject to consciousness and the object of consciousness; but, he maintains that Buddhism does not deny the existence of Pure Consciousness itself from which all selves and gods are derived. He goes on to assert that with the Realization of Nirvana only a former kind of consciousness has been blown out or annihilated and that all subjectivity and objectivity remains potential within the nirvanic Consciousness. He considers the implications that this has for the office of the Great Renunciation in the sense of both the redemption of humanity and of serving the ends of the evolution. Wolff then examines two statements from Buddhist sources, not seeking to prove that one position is false while the other is true, but to find a way in which the two statements can be reconciled. Wolff suggests that the notion of matter as conceived by Koot Hoomi in The Mahatma Letters and the notion of the “One Mind” as given by Padma Sambhava in the Tibetan Book of the Great Liberation can be resolved by introducing the notion of “Consciousness-Substance,” and he proposes that the approach to its Realization can be made from either side.