In a large skillet, heat oil. Once shimmering, add onion and peppers. Once they are becoming tender, add garlic, parsley, chili powder, oregano, and cumin. Allow to toast for about a minute or two.
Add in ground beef and continue cooking until cooked through. Then add in beans, tomato juice, tomato sauce, and chopped tomatoes.
Mix everything well. Then add in brown sugar, sazon goya, and both bouillons. Bring to a simmer—salt and pepper to taste.
Simmer for around 2 hours. You can be done after about an hour, but the longer the better!