I was with you until this. (Oh and the CW/CCW flow of water down the bath hole....it's why southern and northern hemispheres do it oppositely (using the same design hole).)
Magnets are going to be magnets. Compasses will still work, just point the opposite way, steroe speakers will still work because their magnets act regardless of where North is, and maglev trains electromagnets will not be affected in the slightest.