80 Series Kenmore washer won't spin; makes screeching noise

A few days ago, my wife said the washing machine was making a thumping noise when in spin cycle. Then today she said it has stopped. When I asked her to show me, it makes a loud screeching sound.

Any ideas as to what my problem might be??

Ted

via 80 Series Kenmore washer won't spin; makes screeching noise
by tedg11