This is a time where people say things and reporters write them down and record them and everybody wonders what they mean. Mostly what’s being said has no meaning. It is simply saying, “It’s over. The world will be better than it was before,” and so on and so forth. Pay very little attention to what people are saying at this point. Even as we saw we didn’t have to pay much attention to what Mubarak said. So let’s take a look at the objective situation, let’s forget all the statements and so on.

The army was in charge yesterday, it was in charge last week, it is in charge now. Whether or not the army will call elections, it will be a decision by the army. And as it has been for about 60 years, they will take place under the aegis of the army. The army remains a central institution of Egypt. It is, as in many of the countries, the most modern, the most efficient and certainly the most powerful entity. That has not been shaken. And if there are elections, as the Constitution requires, the candidates will be running within this context. Do I expect an election in which a dramatic change takes place in who was elected? I suspect not, but that I’m not even sure when elections would be called because it’s not really clear whether martial law will be declared. Just a lot of things aren’t clear, except the most important thing: the army is in charge (Source: Stratfor).