Abstract: An energy producing magnetic converter is provided that outputs both electrical and mechanical energy. The converter includes a controller assembly rotatably secured between a plurality of field coil assemblies and a plurality of magnets. During a rotation of the controller assembly between the plurality of field coil assemblies and the plurality of magnets, electric current is generated in wire coils of the field coil assemblies, and counter-magnetic fields are induced around the wire coils. A pole of each counter-magnetic field is formed on the controller assembly, and counterforce present between magnetic fields of the plurality of magnets and the counter-magnetic fields cause and maintain forward rotational motion in the energy producing magnetic converter. Accordingly, because the forward rotational motion is maintained in the presence of sufficient counterforce, the magnetic converter outputs torque in addition to the electric current, thereby increasing an efficiency of the magnetic converter.