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Sorry to say I don't think you're going to get good results out of a low cost USB based capture device, I did look this one up and while it may be suitable for the home amateur I'd look into something far more robust for the serious work such as yours. I did look at the video and while the jitter was horrendous the actual source material looks quite good so you have something that's worthy of a better capture medium but this is going to need a good fiscal investment and while others here will argue I'd recommend something that is not USB based and editing software that actually supports the capture device.
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