Traditional Hungarian Goulash

Ingredients

• 1 leaf Bay leaf
• 5 cups Beef broth (stock)
• 1 1/2 lb Beef, bottom round, lean
• 1/2 tsp Black pepper
• 2 medium Carrots
• 5 clove(s) Garlic
• 3 tbsp Lard
• 1/4 cup Paprika
• 2 potato Potato
• 2 medium pepper(s) Red bell pepper
• 1/2 tsp Salt
• 2 medium Tomato
• 1 medium pepper(s) Yellow bell pepper
• 1 1/2 lb Yellow onion