1. Physical reality is everything that has occurrence, ultimate reality is the source of everything that can        have occurrence.

  1.   2. Physical reality has a source, K0, which is not itself an event or a collection of events — rather, events are to be viewed as ephemeral and peripheral disturbances of this source.
  2. 3. All physical and mental phenomena are composed of these disturbances called ‘ultimate events’ or, by Buddhists, dharmas.
  3. 4. What we perceive as solid objects are in reality ‘flashings into existence’ of the dharmas (ultimate events).
  4. 5. Certain ultimate events acquire persistence and form stable sequences that have the power to influence other event-chains.
  5.  6. A binding force (karma) holds these event-clusters and event-chains together.
  6.  7. This binding force can be, and sometimes is, abolished in which case the event-chain dissociates and its constituent events soon  cease to repeat.
  7. 8. The complete abolition of all dominance (the power to affect other event-chains and to persist as a distinct event-chain) returns the physical universe to a quiescent state (nirvana) indistinguishable from the backdrop K0 itself. Whether the backdrop will give rise to other universes and realities need not concern us : our universe will have come to an end.     ¶

Ultimate reality can be known — inasmuch as such a thing can be known — because we, like everything else, are grounded in this ultimate reality.   ¶

Physical reality is not governed by eternal laws : all observed regularities are relatively persistent patterns, no more, no less. These patterns, being patterns rather than laws, can change, can evolve. The entire universe, as Descartes said, is at every instant creating itself out of nothing and subsiding into nothing — except that this ‘Nothing’ is the ground of everything.  ¶

Ultimate Event Theory is a new, or rather resuscitated paradigm, a paradigm which, it is suggested, could have given rise to the natural sciences but which, for various cultural and historical reasons, did not. This paradigm originated in Northern India in the first few centuries AD. The process of meditation itself was seen as a metaphor for the evolution of the entire universe, since the aim of meditation is to still the restless, ceaselessly active mind. ‘Deliverance’ is deliverance from this commotion = the stilling of the excitation that is the mind and ultimately the universe itself.
But it is not important where this paradigm came from : the important question is whether it is apt and whether it can be transformed into the bare bones of a physical theory. Matter has traditionally been  viewed as a ‘given’, as something both solid and persistent : this was Newton’s view and Western science stems from the Greek atomists via Galileo and Newton. According to Ultimate Event Theory ‘matter’ is neither enduring nor ‘solid’ : it is made up of evanescent flashes that sometimes form relatively stable and persistent patterns. These flashings are disturbances on the ‘periphery’ of the only ‘thing’ that really exists, and will one day disappear. Instead of atoms being eternal (as Newton imagined) the only ‘eternal’ thing is, thus, the underlying substance itself, K0,  and K0 does not apparently exist in an unchanging state, on the contrary, it is always evolving — though it must presumably possess a core that does not change. In any case this core does not concern us here : it is only the evolution of the surface fluctuations that are amenable to direct observation and experiment.   ¶

Image  :  Instead of a co-ordinate system with continuity built into it, we should rather think in terms of a three-dimensional ‘reality’ flashing on and off with definite gaps between each flash. Every event-line should strictly speaking be represented as a sequence of dots : there are, in Ultimate Event Theory,  no continuous functions or processes, only more or less dense and regular ones.
The gaps between ultimate events are not metrical, that is, although there is a definite size to each event-globule, the distances between globules have no absolute specific ‘length’, are ‘elastic’ if you like. We could imagine reality to consist of certain hard seeds (ultimate events) swimming around in a jelly (the Locality K0) except that this image is only valid for a single ksana (instant) — the jelly and the seeds appear, disappear, appear and so on indefinitely ( but not etenrally).    S.H. 9/8/12