The financial crisis will play out in three phases. The first phase involves the banking crisis with unrealized losses and the credit crunch in commercial real estate. The second phase will be a government debt crisis, involving increased borrowing costs at federal and international levels, as well as budget deficits at states and cities. The third phase is highly uncertain, as it is difficult to predict the outcomes of the CRE crisis and the government's attempts to inflate and monetize the debt. The overall impact will be a significant reduction in liquidity followed by potential inflation. However, the exact timeline and specific outcomes cannot be determined, making it challenging to make predictions such as the value of Bitcoin in 90 days.