KEY POINTS
  • U.S. is trying to get China to engage in talks with North Korea, but that likely won't happen until North Korea agrees to suspend its nuclear program, Jack Jacobs said.
  • The North Korean government is a criminal enterprise, he said.
  • He thinks the U.S. has ignored the problem for decades.

The United States is trying hard to get China to engage in talks with North Korea, but that probably won't happen until North Korea agrees to suspend its nuclear program, retired U.S. Army Colonel Jack Jacobs told CNBC on Monday.

"We're getting closer and closer to a real crisis and that's because for decades we ignored the problem," the Medal of Honor recipient said in an interview with "Closing Bell."