Colonel Henry Steele Olcott, an American journalist, developed the Buddhist Flag in 1880. The five colors of the flag represent the colors of the aura that radiated from Buddha, at the time of His Enlightenment. The colors are:

• Blue: Loving kindness, peace and universal compassion
• Yellow: The Middle Path - avoiding extremes, emptiness
• Red: Blessings of practice - achievement, wisdom, virtue, fortune and dignity
• White: Purity of Dharma - it leads to liberation, outside of time or space
• Saffron: The Buddha's Teaching - wisdom

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