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Over medium heat add 1 Tbsp. olive oil to the large dutch oven or soup pot. Once hot add the ground beef and break into pieces to cook. Cook over medium until almost completely cooked and no longer pink. Add onions and garlic to the pot and simmer until the onions begin to turn translucent. Stir often so the bottom does not burn.
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Add chili powder, cumin, salt and pepper to the meat and mix together well the combine. Add all the remaining ingredients, stir to combine and bring to a boil.
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Once boiling lower the heat to simmer and cook covered for 20 minutes until the potatoes are fork tender.