The actual situation in theoretical physics is so hopeless that there is an exceptional need in alternative theories that could take it out of stagnation. The present book offers the first real alternative to the bankrupt Standard Model. Basing on his long experience, the author has come to the conclusion that the current theoretical physics paradigm is erroneous and, therefore, must be changed. He has developed the Wave Model, physical, as an alternative to the abstract-mathematical Standard Model. The book differs by novel ideas. Along with the fair criticism, for all issues addressed in the book, clear solutions are presented. They were obtained on the basis of a new physics paradigm adequate to reality. In the literature on physics there is not a constructive analysis of fundamental problems of physics presented with such a manner as it is done in this book. Distinguishing features of the book are the breadth of issues covered by the analysis, its complexity and comprehensiveness, brevity and the use of simple and straightforward language. For this reason, the book will useful for all physicists, theorists and experimentalists, specialized in different branches of physics.