It is missing it's belt.

May be gone because the A/C does not work (Was removed by past owner), the compressor is locked up, or the belt was old and fell off.

Thanks, ForcedInduction,

I realize that I misunderstood what my friend had written. It does appear that I am missing an AC belt as well as the AC compressor pulley. Not sure why, but my AC may be long dead and someone just pulled off the belt and pulley...

I guess I will have to address that later. Right now I am in the middle of replacing my drive belts (the 3 that I have). I have been using pindelski.com, if any one else is interested in that very helpful site.

belts replaced
 

I managed to replace the 2 alternator belts and the power steering belt and I tightened them up (but didn't over-tighten them). No more squeal!

That's 1 belt per month? :P