This difficult piece of music is one of the most memorable Christmas songs from composer Peter Tchaikvosky from his Ballet the Nutcracker Suite. Repeated themes in different voices in a single scale. He uses many Chords but mostly explores the diminished chord. The trouble I have is the two note voicing of the chords that seems to never follow or repeat. There are two notes that outline a chord.
The last stanza repeats an interesting pattern using the circle of Fifths that leads you back to the top "Em". I find it 80% easier to think of the only the chords and then play the 3-7 to the 1-5 pattern. The odd bass line is very simple octaves but the last chord changes to a V chord and the octave doesn't change pulling the two hemisphere of your brain apart.