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In the order of national security clearances, the President of the United States, as the outwardly designated Commander-in-Chief, is not in control of his own military. He is on a "need to know" list of given information to insure "national security" in the event of an assasination, kidnapping, or any moral obligation to inform the public.
As to the question, "Who rules the world?" it is the most superior military power, overtly and covertly.
A slow "reveal" of information is being fed to the American public via televised media programs, such as provided by the History channel, the TRVL (Travel) channel, and the internet.
When it comes to a loss of power by the Commander-in-Chief, we may thank Franklin Roosevelt, Harry Truman, and Dwight Eisenhower for signing such documents for the transfer of power.