I have made a logical error in the previous case. Now how about this:
(see attachment)
To start with, if you use an equation that defines energy conservation and end up with a result that energy is not conserved, it means you made a mistake and should double check your math.
It seems that you haven't gone and studied electromagnetism as previously suggested, because you are making backwards statements such as claiming that magnetization causes bound currents, when it is the bound currents that cause the material to have a magnetic field (with some caveats about what "bound current" even is to begin with)
Those caveats about bound current seem to be the problem with your current thinking. In reality bound current refers to the apparent current present due to aligned spins of electrons or orbital motion of the electrons around the nuclei. Both of these are quantum mechanical effects and not subject to radiation reaction forces because those are for when charges are accelerating, but the orbitals of electrons in an atom aren't accelerating. They have fixed energy due to quantum, which is why electrons stay in orbitals, rather than exist in decaying orbits before crashing into the nucleus.
It appears that you are trying to claim that since there are bound currents, more work is done by the electric field while the same amount of energy is radiated away. This is wrong for 2 reasons:
-Bound currents are special due to the inherent quantum nature in real materials. They won't be affected by the radiation (possibly with specific exceptions) and they won't change how much is radiated outside of those exception cases.
-Magnetic materials are generally that way because it is a lower energy configuration. Acting to reduce their magnetism increases their energy, and said energy would come from reducing the radiated energy (or increasing the energy input required to drive the current through the antenna.)
You also are ignoring that to radiate from an antenna you would need to apply an oscillating current, which is not consistent with a material with a fixed built in magnetic field. While such fields could be affected by other magnetic fields, hysteresis will mess with this for ferromagnetic materials.
If you want to learn about electromagnetism, that is good, and I'd encourage it, but this is a consistent theory, which conserves energy and momentum in general. Trying to find and poke holes in it will teach you about the theory as you learn why the holes you think of don't exist, but it is a painful, slow and inefficient way to learn about it. Since it is known to be consistent, trying to poke holes in it because you want there to be holes in it is just a waste of time though.