This computer continues to boot up and whether I try to pick "Start Normally" or any of the safe modes it continues to cycle through and never stop. At some point before the big windows XP pops up on the screen, a screen with a blue background and some writing pops up, but it is so quick, you can't make out a single word or hit whatever key it is to stop it there. So I obviously cannot GET any further to troubleshoot this computer, I can only imagine what I'm going to find. Hope this makes sense.
Your are hitting a GPF, I would boot the system off of its OS CD or DVD and use Windows REPAIR utility. If you dont have a disk you can " ahem borrow " ONE from a FRIEND to repair your OS whether it is 2000, XP or Vista.

Boot off the CD and then you will see an option to REPAIR windows.when you boot up can you GO into safe mode by pressing f8? I would try to reinstall windows. It's your software or motherboard.On the advanced start-up screen (safe modes) choose: "Disable Automatic Restarts on System FAILURE". Write down the error message and post back with it.