This is a fairly simple question. I have some ideas of the implications but I have no idea what the total effect would be. My idea is to take an extremely powerful magnet. The strongest magnetic force that we can aqcuire. Then you take it into the vacuum of space and spin it so that north and south are constantly changing. And you spin it as fast as we can possibly get it to spin. I know that this would create electricity but I'm implying a much much stronger magnet and a much much faster spin. Then measure the diffrent fields it puts off and apply diffrent materials to the field to see just how it affects things.