As my opinion,

the antecedent:

Globalism derived multi-complex of leverages, and there are the many hedges, I remember, “the firework factory explosion” in Lebanon.

the consequent:

Biden administration began “a musical chair of old maid” (“musical chair”: the game the winner gets the last chair, ”old maid”: the card game the loser gets the joker).
Russia was impose the economic blockade, and began the security toward Ukraine and the Black Sea.
Biden momentum competes the joker.

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