A magnet/electromagnet thermal conditioning blower system including a housing having a fluid inlet. A sleeve shaped support extends within the housing, a plurality of spaced apart magnetic/electromagnetic plates being communicated with the inlet, such that the plates extend radially from said sleeve support. A conductive component is rotatably supported about the sleeve support, the conductive component incorporating a plurality of linearly spaced apart and radially projecting conductive plates which alternate with the axially spaced and radially supported magnetic plates. The magnetic/electromagnetic plates include radially telescoping stem and seat portions for displacing the plates between extended positions which radially overlap with the conductive plates during a thermally conditioning mode thermal in which high frequency oscillating magnetic fields are conducted to the rotating component for outputting as a thermally conditioning fluid flow and inwardly retracted positions relative to the conductive plates during a non-thermally conditioning blower mode.