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How To make Mad Mike's Chili

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5 pounds Round steak

cubed
2 large Onions :

chopped
4 large Carrots -- shredded
46 ounces V-8 juice
6 ounces Tomato paste
28 ounces Tomatoes

whole peeled
1 can Beef broth
2 cans Enchilada sauce :

mild
10 Bay leaves
4 tablespoons Brown sugar
2 1/2 ounces Chili powder
3 tablespoons Cumin
2 teaspoons Cayenne pepper
1 tablespoon Oregano
Dice the meat into 1/2 inch cubes, cutting across the grain. In a 3 gallon pot, saute the onions in some olive oil until they are soft. Add the meat and continue cooking until meat is grayish brown, about 20 minutes. Mix in all the other ingredients, bring to a boil and simmer for 3 hours.

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