In a large stock pot, brown two small red onions, diced. Add 1 orange or red, 1 yellow bell pepper, and 2-3 jalapeño peppers, diced. Brown. Add 1+ lb. ground beef, pork and/or sausage (out of casings) of your choice. Brown meat. Add 2 cans low-salt black beans, 2 cans low-salt kidney beans. (Proportions to taste). Stir. Season with 1-2 tsp. garlic powder, 2 tsp. cumin and 1/2 tsp. cayenne, salt to taste. Stir. Add 1 can whole tomatoes and 1 large jar medium hot salsa with corn. Add another 2 tsp. cumin and 1/2 tsp. cayenne. Stir. Adjust seasonings to taste.
Cover and bring to a boil. Simmer covered on low heat for an hour. Stir. Partially uncover and simmer for another hour or longer until thickens. Stir periodically.
When ready to eat, turn it up to high to get it hot. Serve in bowls topped with grated cheddar and side of tortilla chips.