A magnetic torque converter comprising a platform configured to rotate about an axis; at least one riser coupled to the platform; at least one riser permanent magnet coupled to the at least one riser; a lifting cap supporting at least one lifting rod; a lifting rod permanent magnet coupled to the at least one lifting rod opposite the lifting cap, the lifting rod permanent magnet is configured to levitate along the at least one riser proximate the at least one riser permanent magnet through magnetic field repulsion, wherein the at least one riser permanent magnet comprises a magnetic pole opposite the lifting rod permanent magnet; and a connecting rod coupled to the lifting cap opposite the at least one lifting rod.