All the three states are made of the same substance

All the three states are made of the same substance, whether it is  the waking or  the dreams or the  deep sleep. All the object and sense perception within the waking or the dream are of the same substance.  The form, time and space are of the same substance.

The three divisions of  the time--past present and future--are within the waking or  the dream.  It becomes necessary to analyse the three states. Whatever may come in the future, whatever objects existed in the past, whatever thing one can think of in the present--all these are possible only in waking experience. Waking or dream consists of names and forms.” All names are but words.

 All the three states are got from the soul or consciousness the innermost self, corresponding to formlessness. One has to mentally reduce universe into the waking, then reduce the waking into the mind. And finally reduce the  mind into the consciousness.

Anything which is an experience, is part of the mirage.  hence a superimposition. the Soul or consciousness is the substratum of the three states. 

The nature of the mind, which is present in the form of universe, is constant flux.  The universe appears as waking or dream. Without being aware of the existence of the formless witness the three states people think everything is in flux in the universe.

 The permanent thing is the substance of the mind or universe.  The formless substance is the witness of the mind (I) or universe.  The formless substance and witness are one in essence. That essence is soul, which is present in the form of consciousness.  The soul or consciousness is real and permanent.  The universe is mere mirage created out of consciousness.

World is both real and unreal. It is real because it is a manifestation of consciousness, but is unreal, in the sense, that it is not absolute and eternal like consciousness itself.

Intellectuals   approach was more practical, and they stuck with the reality of the world, they take it as real.

On the standpoint the soul, the innermost self the universe is mere mirage.  The soul is the permanent all else mere illusion.  Man and exist in the unreal universe and by discussing on the standpoint of the ego (waking entity) which is the false self within the false experience will leads to perversity.    

In self-awareness the body is not considered as body, ego is not considered as ego and the world is not considered as world because body, ego and the world too are nothing but consciousness.   In self-awareness there is no flux. There is unity in diversity.  Only in ignorance the illusion is experienced as reality. The nature of the illusion is impermanent and constant flux whereas the nature of the soul or consciousness is permanent and still.