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http://en.wikipedia.org/wiki/Centrifugal_force
That makes so much sense, since the forces always should cancel them out. But you can't use Inertia to cancel something, its just not taken into account for newton's laws (well not for me yet). It would make sense that since the mass wants to resist motion, that it would cancel that force, but I have no clue how all that would go into matter with FC XD, but what you say does make a lot of sense to me. I don't think Inertia can actually cancel gravity out, but idk lol. I just wish there was some stupid diagram or something that could just show me Lmao.
Also its good to take into matter that this is not going at constant velocity, and its not orbiting anything, its simply being spun by a persons finger from the tension of a string. Should have mentioned that earlier -facepalm- my bad.