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Preheat oven to 350 degrees F (175 degrees C).
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Mix together the flour and baking powder; set aside.
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In a large bowl, beat the butter until creamy.
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Blend in the egg yolks, one at a time.
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Beat in the flour mixture alternately with the milk.
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The dough will be stiff like a cookie dough.
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Divide the dough into 10 pieces and shape into balls.
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Roll each ball into a 9 inch circle.
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Place on cookie sheets and prick with a fork in several places.
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Bake in the preheated oven for 10 to 12 minutes, or until golden brown.
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Set aside.
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Make the Caramel Filling: In a sauce pan, boil the unopened cans of sweetened condensed milk for 3 hours.
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Monitor the water closely, to make sure there is always water in the pan.
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Remove can from heat and let cool for 10 to 15 minutes.
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In a small measuring cup, combine the brandy and water.
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Place one cookie layer on serving plate.
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Sprinkle with brandy mixture, then spread with the now thickened condensed milk.
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Sprinkle with nuts.
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Continue stacking until all layers are used.