NO SOUND: Is there Audio Output? - Yes

When a Wave is triggered or any of the Inputs are used (see Zone 0 Level 1 Desktop MIDI Analyser, L\R
Displays).

Check the Sound Blaster Mixer Levels (see Zone 1 Level 3 Input\Output Mixer).
Check the External Amplifier, is it on?, is the Volume Level OK.
Check all connection cables, replace if necessary.