Cylindrically symmetric, Asymptotically flat, Petrov Type D spacetime with a Naked Curvature Singularity and Matter Collapse

We present a cylindrically symmetric, Petrov type D, nonexpanding, shear free and vorticity free solution of Einstein's field equations. The spacetime is asymptotically flat radially and regular everywhere except on the symmetry axis where it possesses a naked curvature singularity. The energy momentum tensor of the spacetime is that for an anisotropic fluid which satisfies the different energy conditions. This spacetime is used to generate a rotating spacetime which admits closed timelike curves and may represent a Cosmic Time Machine.