You put the pressure on Europe. That's how you change the dynamic in North Korea.
The markets are hostage to Rocket Man because of the increasingly bellicose -- increasingly crazy, bellicose -- language out of North Korea.
But I think in the last few weeks, something positive may have happened here that nobody's talking about. The Europeans, who are no longer in our camp on pretty much anything except outright terrorism since President Trump was elected, recognize the danger North Korea is now propelling the entire world toward. And the Japanese -- a nation that is far more respected in Europe than we are -- are certainly looking for help beyond our borders to protect themselves.
What could coalesce here is pressure from other countries besides us on China against North Korea. Take Europe: 25% of Chinese exports go to Europe. If the Europeans get involved enough to try to shut down Kim Jong Un, and actually make their displeasure known to the Chinese, then I think the Chinese will actually feel that they need to do something to stop this craziness.
Right now, the dialogue is always the same: "When will the Chinese help us shut down this crazy man?"
That's a ridiculously wrong read of the entire situation. The Chinese own this guy. The Chinese determine whether he lives or dies. The Chinese, in other words, can dispose of him and put someone less crazy in -- and everybody wins.
If you put enough economic pressure on China to break with Kim Jong Un and replace their puppet, they will. They are not wedded to him. And they can take him out a lot easier than we can.
The entire time I have been reading about this region, I am amazed that the press buys the line that the Chinese are our allies against him. The Chinese are our enemies with him. But enemies can disagree, and if China fears a decline in trade because of North Korea, then he will be gone.
That's becoming the endgame -- and it is a hopeful one versus the one that looks like it's about to happen: thermonuclear war.
(Read here for more of TheStreet's coverage on this topic by Sarge Guilfoyle.)