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The reason why videos like that only get Conspiracy Theory currency is because they always couch their arguments under a politically partial banner. This video seems to indict only the current US administration which happens to be Republican with Bush as President.
The truth is that all previous US administrations, Republican and Democrat, are part and parcel of the legacy of "US domination" as the film calls it. Some more overt or aggressive than others, but all have been involved. US interests are at the heart of it. The ultra wealthy are the major benefactors, but we also benefit from this global supremacy - at least we have and currently do. Who knows what the future holds.
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