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Will this electric generator idea work? Answered

Will this work? A wheel that has neodymium magnets and coil of wire around iron, basically an electromagnetic. next to the wheel is a coil of wire that generates elctricity when the wheel turns, this coil conveys the electricity to the electromagnet through means of copper brushes. On the other side of the wheel is a coil of wire which gets electricity to power things. In my head, id say that the magnet powers the 1st coil then the 1st coil powers the electromagnet which also powers the 1st coil which powers the electromagnet even more. So in my theory, the electromagnetic gets infinitely powerful (till it burns out). So in a way the wheel can be cranked by hand and yet the 2nd coil will get a large amount of energy. Will this work in real life? why or why not? If this idea already exists what is the name?