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This theory has no supporting evidence, just conclusions.
Wild, unfounded speculation would be a lot closer. 
Well Jimbob it all depends on how we are looking for evidence.
Earth is gaining (and has gained)meteor, asteroid, comet, dust, and by solar wind, unbelievable fairy-tale. 0.00..01% of the earth mass is Meteorites, asteroides and ather guests mass.
We know tectonic plate movements recycle the rocks by causing a conveyor belt system where the surface is pulled down and more debris is pulled up to replace it. What we dont know is how often this occurs and how many times the rocks at the surface of the planet have been recycled in this never ending flow and return system.
Andrew K FletcherMeteorite is quite another value then rain. Most older lithosphere plate is Europe. Almost half of this continental plate is under seas and oceans for billion years.There was not any recycle circulation for billion years. Maybe all meteorites on the surface of Europe have saled. Where are meteorites from seas and oceans depths? Meteorite has different isotopes of chemical elements. this is connected to the formation of different planetary mass objects. No one force can change this isotopes during recycling. Oxygen has important percent into planets. different recycling isotopes of oxygen are insignificant (0.00...01%) as well as another elements.Main law of Cosmogeology: (Law of circulation) everything started from nuclear reactions, and everything finished into nuclear reactions. Then everything started againFIRST LAW OF COSMOGEOLOGY: (LAW OF GEOEVOLUTION)- Every spacebody has four main phases of geoevolution. 1. Gaseous stage. - The whole mass of body consists of red-hot gas, which becomes liquid little by little.2. Liquid stage. The whole mass of the body is in the liquid condition; only the inner nucleus of the heavy metals can be solid. 3. Mixed stage. The body has formed the all nine geolayers. 4.Solid stage. The All nine geolayers are in the solid condition and its geoevolution is over. Impossible EB geotransfer, volcano eruption and crustquake. Second law of Cosmogeology (LAW OF INCRESCENT) VOLUME OF ALL SPACEBODIES, ARE INCREASING DURING GEOEVOLUTION, FROM LIQUID TO THE SOLID CONDITIONS. www.cosmogeology.ge