I think that's how it would go. I wouldn't let him get away with that argument, tho. We can talk history, but I would point out that RIGHT NOW Jews have power that I don't (advocating for their tribe without suffering consequences for doing so), so I would keep focused on that. He's not talking about what Jews should have done in history, he's talking about what they "need to" do now, his words not mine.
On another thread someone was talking about how this thread can be kooky and they don't get the hatred for Jews. The thing is I was there once and then I saw this thread and other things. An argument like the above, if it could be had, would start to penetrate regular people who have a sense of fairness about them.
So yeah, there's crazy stuff here from time to time, but much of it is accurate, and once you see how you're being fucked over, it's very hard to unsee.