If history were to repeat itself, the recent escalation of the trade wars could result in a recession, this according to Doug Casey, founder of Casey Research."It was the Smoot-Hawley tariffs that really brought on the last Great Depression, and it could happen again this time. The world is much more involved in trade now than it was in the 1920's," Casey told Kitco News. ________________________________________________________________Kitco News is the world's #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit http://www.kitco.com/Follow us on social media: Facebook - https://www.facebook.com/KitcoNews/?r... Twitter - https://twitter.com/kitconewsnowGoogle+: https://plus.google.com/u/0/116266490...StockTwits - https://stocktwits.com/kitconewsLive gold price and charts: http://www.kitco.com/gold-price-today...Live silver price and charts: http://www.kitco.com/silver-price-tod...Don't forget to sign up for Kitco News' Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week:https://connect.kitco.com/subscriptio...Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.