And, some points he makes are just wrong.
If a company doubles its issue of stock certificates to raise cash, then the price of each outstanding share will be cut in half. If a sovereign money-printer doubles his currency base to pay his cronies, then the value of each currency unit will be cut in half.The point about a country issuing money without any backing (fiat currency) is correct. The value of the currency will fall according to the amount issued.
But he or she is wrong about the company issuing new stock. If a company sells stock to double the outstanding amount of stock, the price of the stock does not fall. The stock is now backed by the original assets of the company + the newly received cash from the sale of stock.
Other examples also play fast and loose with numbers. For example, a house falls from $400K to $200K, and the choices are a sale at $125K or a partnership in a $200K house. If the best sale price is at $125K, that's the value of the house, not $200K.
I was having difficulty following the numbers on this thing and wanted to hear from others.