A speed converter converting infinitely variable reciprocating input to uni-directional output, for example, comprising a driver, the driver comprising a variable pitch cam and a rack gear and one-way clutch bearings or Sprags and output shaft, the driver having an oblong shape may be converted to provide direction control in either of two directions and free-wheeling. The one-way clutch bearings or Sprags of a first Goldfinch speed converter are modified to comprise, concentric with the output shaft, a permanent magnet imbedded in a driven gear and direction controlling stator coils. A plurality of four (or more) electrical pulses (sine curves) may be applied to the stator coils to provide three possible outputs of desired speed: a forward output direction, a neutral or free-wheeling output and a reverse output direction. In this manner, an electro-magnetic ratchet control system may modify the speed converter to incorporate speed control, engine braking, and clockwise and counterclockwise output shaft direction control as well.